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What's going on? Part of it is the fact that "gold's gyrations are the Dow Jones index of anxiety," as this magazine put it three decades ago amid the last big gold fever. When investors are scared - about inflation, about political turmoil, about financial breakdown - they return to the soft, shiny metal that has for millennia served as a store of value. When things calm down, as they did after the gold price peaked in 1980 at $850, demand for gold subsides and the price declines. (See pictures of modern day gold prospectors...

Author: /time Magazine | Title: All That Glitters | 12/7/2009 | See Source »

...when it folded in February - after advertisers pulled out. This happened around the time that two state attorneys general began investigating the site for possibly violating consumer-protection laws and its own terms of use. But wannabe sites are eager to replace the once mighty JuicyCampus. So eager, in fact, that the defunct site was paid by ACB to redirect traffic to the upstart gossip...

Author: /time Magazine | Title: Colleges Fight Back Against Anonymous Gossip Sites | 12/7/2009 | See Source »

...mind slow-paced tales), I Love Dollars (no caveat there, it's a rollicking read) and other contemporary Chinese works in translation. But if you want to get the most out of them, you'll need to know about The Real Story of Ah-Q. In fact, there's only one thing missing from the collection, and that's a sticker on the front proclaiming READ ME FIRST...

Author: /time Magazine | Title: China's Orwell | 12/7/2009 | See Source »

...classrooms and small ownership stakes don't fully solve the land-compensation issue or another major point of contention: the fact that so many Chinese have descended on P.N.G. - many illegally. Last November, in a low point for Sino-P.N.G. diplomacy, the police raided the construction sites at Basamuk and Ramu and arrested 223 Chinese for immigration violations. The foreign workers, it turned out, had entered on visas that prohibited employment. Ramu NiCo, in turn, complained that government bureaucracy was so slow that getting the proper paperwork would have taken years so they were forced to circumvent the rules...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

...country's bitterly divided ethnic groups have stopped parliament from signing a national hydrocarbon law originally drafted in 2006. After previously insisting that they would not do business in Iraq without a legal framework governing central issues such as revenue-sharing, oil executives now are resigned to the fact that it may be years before a law is forthcoming...

Author: /time Magazine | Title: Pump It Up: The Development of Iraq's Oil Reserves | 12/7/2009 | See Source »

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