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Populism vs. Elitism The brittle state of Thailand's young democracy was highlighted back in 2006 when the military masterminded a bloodless coup against former Prime Minister Thaksin Shinawatra. That confrontation, which is echoed in today's showdown, pitted members of a traditional Bangkok élite against an upstart billionaire...

Author: /time Magazine | Title: The Battle for Thailand | 9/4/2008 | See Source »

Shiller spent much of his early academic career--he earned a Ph.D. from MIT in 1972 and has been teaching at Yale since 1982--making the case that stock-market prices jump around more than is warranted by economic fundamentals. This may sound obvious, but it was for a time...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

Like a homespun IPO, CatwalkGenius.com helps hoi polloi bankroll upstart fashion designers. British documentary filmmaker Franny Armstrong raised more than £450,000 ($815,000) to finance--and work full time on--The Age of Stupid, which she hopes will premiere at the Sundance Film Festival in January. People who...

Author: /time Magazine | Title: Crowdfunding | 9/4/2008 | See Source »

The term crowdfunding derives from another neologism: crowdsourcing, i.e., outsourcing to the public jobs typically performed by employees. Want to start a T-shirt business? Why not have the masses submit designs (crowdsourcing) and finance the ones they like (crowdfunding)? That's what Cameesa.com is doing, in a fashion-forward...

Author: /time Magazine | Title: Crowdfunding | 9/4/2008 | See Source »

It is also one of the primary instruments that the postapartheid government uses to dilute white domination of the economy. The government now owns 24% of Sasol, which has a black majority on its board--Davies is the company's only white executive. Former ANC guerrilla leader Max Sisulu once...

Author: /time Magazine | Title: Dirty Little Secret | 9/4/2008 | See Source »

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