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...latecomers bound to lose their shirts? Not necessarily. That's because, with some well-publicized exceptions, emerging markets are on the whole not in bubble territory. Yes, share prices have been rising rapidly. But so have corporate earnings during what has become an epic global economic boom. As a result, emerging-market stocks still look relatively cheap. Based on projected 12-month earnings, the average price-to-earnings (P/E) ratio of companies in emerging countries tracked by the MSCI index is 13. For the MSCI World Index, which includes developed countries, the average...

Author: /time Magazine | Title: Flying Too High? | 10/18/2007 | See Source »

Telling America's story in pictures is a particularly American thing to do. We're a visual people, and U.S. history can seem like an epic newsreel set to a jazz and rock-'n'-roll sound track...

Author: /time Magazine | Title: A Story of America | 10/18/2007 | See Source »

...lionhearted, but aged ex-champ conserving his strength in order to go the distance against a belt-holding opponent who has benefited greatly from boxing's fall from primacy in the West. Ibragimov did not display the stuff of a real champion. This was no collision of cultures, no epic battle, no thing to be remembered. It was a night...

Author: /time Magazine | Title: Russia in the Boxing Ring | 10/16/2007 | See Source »

...Just as young emperor Romulus Augustus met a sudden and abrupt deposal at the hands of Odoacer to mark the beginning of Ancient Rome’s epic collapse, so too did the Crimson meet a cruel fate, falling to the curiously acrobatic Brown Bears 3-2 in overtime...

Author: By Mauricio A. Cruz, CRIMSON STAFF WRITER | Title: CRUZ CONTROL: Plenty Still On Tap For Soccer | 10/16/2007 | See Source »

Denis Johnson could not have chosen a more fitting title for his newest novel, “Tree of Smoke.” The novel is nearly as thick as a tree, reaching the epic length of 614 pages. And those hundreds of pages seem to contain nothing more than smoke.While each sentence, each paragraph, and each page is unapologetically lyrical and unabashedly grand, with a pronounced biblical undercurrent that promises depth, the work lacks substance, lacks true cohesion—lacks whatever it is that makes a work captivating, wonderful, or enjoyable.Despite its promise and its moments of greatness...

Author: By Sanders I. Bernstein, CRIMSON STAFF WRITER | Title: New Vietnam Novel Nothing But ‘Smoke’ and Mirrors | 10/12/2007 | See Source »

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