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Leverage was the mother's milk of Wall Street - and of Main Street - for the past 20 years. Leverage meant debt, specifically the number of dollars you could borrow for every dollar of wealth you had. It meant borrowing other people's money to invest in something you wanted to...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

There is not even the slightest pretense that the music being made by the avant-garde is commercially viable in its present form. The work is difficult at the best of times. But perhaps that is its point. "I guess the reason noise art is so poignant in China," says...

Author: /time Magazine | Title: Come On Feel the Noise | 10/23/2008 | See Source »

Shenggy also performs in an electronica duo, White, alongside vocalist Zhang Shouwang from Beijing alternative rockers Carsick Cars. It was with White that she caught the ear of Einstürzende Neubauten's singer-writer-multi-instrumentalist Blixa Bargeld. The duo plans to release a debut album later this year...

Author: /time Magazine | Title: Come On Feel the Noise | 10/23/2008 | See Source »

The difference between the end of World War II and the end of the Cold War cannot simply be one of personality. Those who put together the international settlement after 1945 - Harry Truman, George Marshall, Dean Acheson and the like - were indeed, in the title of a marvelous book by...

Author: /time Magazine | Title: America: The Lost Leader | 10/23/2008 | See Source »

It would be too much to ask those seeking the Presidency to embrace this reasoning. The leadership gene is too firmly lodged in the DNA of American politicians. But both McCain and Obama have stressed the need for a new and heartening approach to international relations. Even as he was...

Author: /time Magazine | Title: America: The Lost Leader | 10/23/2008 | See Source »

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