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...World Is Getting Better It might seem strange to talk about creative capitalism when we're paying more than $4 for a gallon of gas and people are having trouble paying their mortgages. There's no doubt that today's economic troubles are real; people feel them deeply, and they deserve immediate attention. Creative capitalism isn't an answer to the relatively short-term ups and downs of the economic cycle. It's a response to the longer-term fact that too many people are missing out on a historic, century-long improvement in the quality of life. In many...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...This is how people can benefit when businesses find opportunities that have been missed. But since I started talking about creative capitalism earlier this year, I've heard from some skeptics who doubt that there are any new markets. They say, "If these opportunities really existed, someone would have found them by now." I disagree. Their argument assumes that businesses have already studied every possible market for their products. Their attitude reminds me of the old joke about an economist who's walking down the street with a friend. The economist steps over a $10 bill that's lying...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...keep audiences away; they think he's a sanctified chore, homework for Mensa members. But as McGovern, Fiennes and Neeson demonstrated, with their considerable artistry, Beckett was a mesmerizer, a spellbinder, who held a cracked mirror to humanity and saw the humanity in it. We're pitiable creatures, no doubt, and birth is just the first step toward death, but funny in our cruelties and yearnings. At least that's what this Beckett fan thought at the end of the Gate marathon, Laugh? I thought...

Author: /time Magazine | Title: Samuel Beckett: Dead Laughing | 7/30/2008 | See Source »

...veritable A-Team of German management: Siemens' supervisory board is chaired by Gerhard Cromme, former CEO of German steelmaker ThyssenKrupp, and includes powerful business titans such as Josef Ackermann, the CEO of Deutsche Bank, and Michael Dieckmann, CEO of financial services giant Allianz AG. They were no doubt aware that a decision to go after previous execs Kleinfeld and particularly von Pierer - a former advisor to Chancellor Angela Merkel dubbed "Mr. Industry" by German media - would reverberate far beyond the walls of Siemens' headquarters in Munich...

Author: /time Magazine | Title: Siemens Sues Its Own Managers | 7/30/2008 | See Source »

Conspicuously absent from Barack Obama's grand tour of the Middle East and Europe was a stop in Islamabad. No doubt Pakistan is a touchy subject for Obama. During the Democratic primary he promised to "take out" al-Qaeda in Pakistan's lawless Northwest Frontier Province, which unleashed Hillary Clinton's acid contempt and disapproval from a lot of other people who understand that Pakistan is a mess that can't be fixed anytime soon...

Author: /time Magazine | Title: Why Obama Didn't Visit Pakistan | 7/30/2008 | See Source »

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