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...what Chinese citizens have known for quite a while. The country's growth--and intense competition among manufacturers in industry after industry--has gone far beyond the government's ability to regulate the economy effectively. In an ostensibly communist country, unfettered competition combined with nonexistent or, in many cases, corrupt government oversight has often produced a race to the bottom among businesses. Competition based on cost, in which manufacturers eke out slim profits by underpricing rivals, is by far the dominant industrial strategy. China, in short, is where the U.S. was in the early 20th century when Upton Sinclair wrote...

Author: /time Magazine | Title: Heparin's Deadly Side Effects | 11/13/2008 | See Source »

...last episodes of the Shield, whose series finale airs Nov. 25, corrupt former L.A. cop Vic Mackey (Michael Chiklis) takes a meeting with a drug boss. Mackey has brought him a big dope deal with another gang--secretly setting him up in order to secure for himself an immunity deal with the feds for a list of crimes that starts with murder and continues the length of your arm. The kingpin offers him a drink to take off the "edge." Mackey refuses. "The edge is where we live," he says. "People try to convince themselves otherwise. It's just...

Author: /time Magazine | Title: A Fitting End for The Shield | 11/13/2008 | See Source »

John McCain trotted out a similar attack against Obama in the last few months of the campaign. In late September, the Arizona Senator released a television ad called "Chicago Machine." The spot began with a narrator intoning, "Barack Obama - born of the corrupt Chicago political machine," before running through a list of Obama's allegedly unsavory cronies. A few weeks later, McCain started using what became one of his favorite lines on the stump: "I don't need any lessons about telling the truth from a Chicago politician." (See pictures of Obama's victory celebration in Chicago...

Author: /time Magazine | Title: How the Chicago Way Helped Obama | 11/13/2008 | See Source »

Certainly there is no denying that the Windy City's storied political history is cartoonishly coarse and corrupt. The charge that in Chicago, residents "vote early and vote often," dates back to the election that followed the Great Chicago Fire of 1871. Finger-pointing about who was to blame for the fire and its spread raised fears about electoral hanky-panky and led some voters to cast more than one ballot. In the early 20th century, a compromised police force and city administration allowed organized crime to thrive. Even the city's first commissioner of public welfare, a woman named...

Author: /time Magazine | Title: How the Chicago Way Helped Obama | 11/13/2008 | See Source »

...That is in fact a cesspool of chance and filth? In Part 2 of 2666 the philosophy professor, whose name is Amalfitano, recreates one of Marcel Duchamp's ready-made artworks: he hangs up a geometry textbook outside his house by a string so that the elements can gradually corrupt and destroy its tidy diagrams. He contemplates the book for hours as random, meaningless, non-Euclidean reality invades it, forcing it to register the presence of a world it cannot describe. It is not one of Bolaño's most successful digressions, but it is an excellent metaphor...

Author: /time Magazine | Title: Bolaño's 2666: The Best Book of 2008 | 11/10/2008 | See Source »

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