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...While few deny the power of rising interest rates to curtail the growth in equity prices eventually, not everyone believes that moment has come yet. There are the calculations that economists do, and then there are "animal spirits"?the greed and euphoria that feeds into and prolongs stock booms long after the rationalists conclude they should end. India, some analysts believe, is now a classic case of a market where sentiment may be trumping economics, given that the market there has already tripled in the past three years. "All India's ducks are in a row right now," says Amit...

Author: /time Magazine | Title: Pumped about stocks | 4/10/2006 | See Source »

...required to release uncharged suspects within 36 hours.) Despite pressure from the U.S., the Philippines is the only Southeast Asian nation without such a law. But Arroyo's already-besieged government may have difficulty overcoming opposition from human-rights activists, who worry the police will use the measure to curtail suspects' civil rights. Other skeptics suggest that the government's plan may miss the point by failing to address the origins of discontent. "As long as the Jolo natives keep on wallowing in poverty, terrorism will continue to thrive," says Asiri Abubakar, a professor at the University of the Philippines...

Author: /time Magazine | Title: Needing To Get Tougher on Terror | 4/3/2006 | See Source »

Experts say Exxon is appealing the punitive portion of the case in part to curtail open-ended payouts for future spills. Says Boudreaux: "It is [a question of] whether punitive damages are warranted in this case." To that question, U.S. District Court Judge H. Russel Holland has twice answered yes. Both times, after an appeals court sent it back for review, he agreed with the jury's decision awarding the plaintiffs $4.5 billion, noting that Exxon "demonstrated reckless disregard for a broad range of legitimate Alaska concerns...

Author: /time Magazine | Title: Environment: Spill Going On | 4/2/2006 | See Source »

...L?pez hasn?t yet made clear what that "cooperation accord" would entail. But his likely victory points up an undeniable reality: whether or not NAFTA is really to blame for continued rampant illegal immigration into the U.S., it certainly hasn't delivered on its promises to help curtail it. To destitute farmers in Oaxaca, that is reason enough to renegotiate at least parts of it. And if the U.S. is really serious about reducing illegal immigration, it might eventually be reason enough for Bush...

Author: /time Magazine | Title: Bush in Mexico: Whatever Happened to NAFTA? | 3/30/2006 | See Source »

...ended up studying film at MIT. He began working in non-fiction film, finding that “documentary filmmaking is a way to explore the world, a tool to think about the world.” Moss came to Harvard nearly 20 years ago to teach. Rather than curtail or diminish his personal filmmaking career, Moss says that being at the University has provided for him “another way to be a part of the world.” He speaks of his relationships with his students as enriching and reciprocal, providing a constant challenge and dialogue.To...

Author: By Zoe M. Savitsky, CONTRIBUTING WRITER | Title: Portrait: Rob Moss | 3/16/2006 | See Source »

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