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When no one owns a resource, we tend to overuse it--winding up with polluted skies, fished-out oceans and battles over access to freshwater. But too much ownership leads to problems too. A pharmaceutical company is stymied by a web of patents and doesn't make a drug. An...

Author: /time Magazine | Title: How to Stop Innovation | 7/10/2008 | See Source »

On that first front, McCain has faced some questioning this week for referring to the economy as simply "slowing." But he fared better when listening to voters' personal plights at the town hall gathering. Mary Houghtaling, who runs a hospice in Wilmington, Ohio, choked up as she told McCain of...

Author: /time Magazine | Title: McCain: Selling an Economic Policy | 7/10/2008 | See Source »

Last March, Mosley invited five women to a posh Chelsea apartment to engage in what he readily admits was a sadomasochistic orgy, replete with canes, prison uniforms and old-fashioned spanking (a true Englishman, Mosley served the women tea after their session). To his ultimate distress, though, hidden cameras were...

Author: /time Magazine | Title: Just A Little Harmless English S&M | 7/10/2008 | See Source »

Some weeks ago, Randy Michaels, COO of the Tribune newspaper group - the second largest in the nation - mused in a conference call with investors that while the company's salespeople were judged by their performance, "nobody has ever said, 'How many column inches does a journalist write?'" The problem is...

Author: /time Magazine | Title: The Nightly News, Not-For-Profit | 7/9/2008 | See Source »

"The book emerged on my inner agenda without my planning it," says Lessing, sitting in the ramshackle North London home where she has lived for 25 years. In a career spanning six decades she has churned out nearly 50 books on an old-fashioned typewriter. But at 88, she insists...

Author: /time Magazine | Title: Doris Lessing's Battle Scars | 7/9/2008 | See Source »

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