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North Korea would like to test missiles and advance its nuclear program, while smuggling arms to some potentially bad actors for extra cash. The U.S. would like North Korea to stop doing all of these things. Neither side is particularly interested in finding out what happens should the other press the issue. And thus North Korea and the U.S. find themselves in a very strange Kabuki war. Pyongyang is plainly the instigator, continuing its rash of missile and nuclear tests while apparently seeking hard currency by peddling weapons to all buyers. Like automated chess pieces, U.S. military assets have responded...

Author: /time Magazine | Title: The North Korean Showdown Ratchets Up | 6/22/2009 | See Source »

Formula One racing is a bit like evolution governed by an appeals committee: winning races has long relied on engineering innovations that give a race car that extra microsecond advantage, while the teams left in the dust cry foul and demand that the sport's governing body, the Federation Internationale de l'Automobile (FIA), rule those innovations out. FIA supremo Max Mosley had hoped to tamp down what he calls the sport's "financial arms race" by imposing a $66 million annual spending cap on teams, but instead he appears to have provoked a walkout that could see some...

Author: /time Magazine | Title: Are the Wheels Coming Off of Formula One? | 6/20/2009 | See Source »

...insurance coverage, hospitals will need less of these hardship payments. This makes sense in theory, even to the AHA, but any candid hospital executive will readily admit that facilities use such payments to make up for financial shortfalls in lots of places, most notably EDs. Says Umbdenstock: "Without these extra payments, it would be hard to maintain services that are important but don't turn a profit." (Watch a video on uninsured Americans...

Author: /time Magazine | Title: Starting Health-Care Reform in the ER | 6/19/2009 | See Source »

Tempted to ask for that extra in-flight pillow? Or rant about a flight delay? Tread carefully: your airline's staff may just be working for free. British Airways recently asked its 40,000 employees to consider laboring for nothing for up to one month. "Colleagues are being urged to help the airline's cash-saving drive by signing up for unpaid leave or unpaid work," read an article in BA News, the carrier's in-house newspaper. Chief executive Willie Walsh, who has pledged to forgo his $100,000 monthly salary in July, said the airline was caught...

Author: /time Magazine | Title: Why British Airways Is Asking Staff to Work for Free | 6/17/2009 | See Source »

...striking detail of the story is how Art and his wife would travel around the country and unload their fake bills by buying random supplies and souvenirs, getting real money in change. Then they donated those supplies to charity. They'd have all this extra stuff, and they'd drop it off at Salvation Armies and churches. That became as important to them as the money itself, that feeling of charity. He wasn't a greedy counterfeiter...

Author: /time Magazine | Title: The Art of Counterfeiting Money | 6/15/2009 | See Source »

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