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...this current downturn as well, Walker's dim views, which at first seemed on the fringe, now appear less farfetched. The International Monetary Fund (IMF) in late January revised its forecasts for 2009 sharply downward, predicting the slowest global growth rate since World War II, at only 0.5%. IMF chief economist Olivier Blanchard said he expects "the global economy to come to a virtual halt." Even China would record only 6.75% GDP growth in 2009, according...

Author: /time Magazine | Title: Pundit: China's Economic Growth Could Stop | 2/3/2009 | See Source »

...ground others had determined to be dry: "[B]y midnight, when Cullen lay down by the derrick to grab some sleep, they had penetrated the slushy, oil-bearing sand underneath...Four hours later Cullen heard Brown shout: "Wake up, Mr Cullen. I think she's coming in!" In the dim predawn light Cullen rose to see oil and gas spewing so violently from their hole that the four-inch flow line, which connected the well to a storage tank, had come loose and was wildly slashing the air. Cullen dashed to the storage tank, leaped atop it, and held...

Author: /time Magazine | Title: The Big Rich | 2/2/2009 | See Source »

...follows him as he combs the city's lower-rent arrondissements in search of, first, the Albanian nasties who abducted Kim and ultimately the movers and sheiks who will pay handsomely for the privilege of deflowering her. But to elevate Bryan to preternatural status, all his adversaries must be dim-brained klutzes who can't shoot straight. (He rarely takes on fewer than five at a time.) He also must leave Paris in rubble and his old friendships in shambles. Busting into the home of two such friends, a French police chief and his wife, Bryan shoots the woman...

Author: /time Magazine | Title: Taken: The French Disconnection | 1/29/2009 | See Source »

...surreal evening of intricate choreography, acrobatics, and optical illusion. At the start of “Oratorio,” the stage is dominated by its red velvet curtain and a large chest of drawers, offering little hint of the spectacle to come. Shortly after the house lights dim, though, a voicemail message plays in French and the top-left drawer opens. A pale, lithe arm extends into the darkness, a lit cigarette in its hand. The next few minutes are simultaneously hilarious, disturbing, and beautiful, and they aptly set the tone for the rest of the show. An impossible...

Author: By Molly O. Fitzpatrick, CONTRIBUTING WRITER | Title: 'Oratorio' A One Woman Wonder | 1/22/2009 | See Source »

...federal judges will likely take a dim view of the manner in which many of the detainees were captured and how they were treated at Gitmo. Tricky legal questions abound. For instance, what to do about detainees who confessed under torture? One case sure to be complicated is that of Mohammed al-Qahtani, who allegedly helped plan the 9/11 attacks - he is sometimes described as the "20th hijacker." Bush Administration officials now admit that he was tortured, and Susan Crawford, the retired judge who is the convening authority of the military commissions, has refused to refer al-Qahtani's case...

Author: /time Magazine | Title: Obama Orders Gitmo Closed. Now the Hard Part | 1/22/2009 | See Source »

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