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...While Bill Gates does a fine job outlining his creative capitalism initiative, his exclusive focus on developing nations at the expense of his own is a tremendous oversight. Corporations in developed countries certainly should feel socially responsible for those in developing ones. But if they ever want to be taken seriously as agents of social change and as stakeholders in local communities, they need to consider their own domestic markets as well. Gates is fooling himself when he brushes over the U.S.'s economic woes so lightly, especially when creative capitalism could potentially solve some problems like...

Author: /time Magazine | Title: Inbox | 8/21/2008 | See Source »

Sounds nifty, until you read the fine print. It notes that Pentagon studies "indicate that in most cases, a single CTM [Conventional Trident Modification] KEP [Kinetic Energy Projectile] will have a high kill probability against fixed soft targets if target geolocation accuracy and guidance, navigation, and control accuracy are as predicted." That's eight caveats right there. Such a weapon would be worthless against moving or heavily-defended targets (developing such a capability would take at least a decade and cost as much as $25 billion) and represents only a "niche capability" designed to attack stationary terrorists or nuclear weapons...

Author: /time Magazine | Title: Will the US Develop a Death Ray? | 8/21/2008 | See Source »

While Gates does a fine job outlining his creative-capitalism initiative, his exclusive focus on developing nations at the expense of his own is a tremendous oversight. Corporations in developed countries certainly should feel socially responsible for those in developing ones. But if they ever want to be taken seriously as agents of social change, they need to consider their own nation's economy as well. Gates is incorrect to brush over the U.S.'s economic woes so lightly, especially when creative capitalism could solve some problems like our oft-neglected poverty. Only when America proves that capitalism can cure...

Author: /time Magazine | Title: Capitalism 2.0 | 8/19/2008 | See Source »

...that Up in Smoke is still the highest-grossing stoner comedy? Not so much surprised as proud. I'm a proud daddy. [Laughs] I'm very happy because Cheech and I are going back on the road. So we're going to be able to capitalize. We're like fine wine, you know. That wine has been put in the cellar for 30 years and all of a sudden you're bringing it out, and you're going to open it up and it's going to be a party for everybody...

Author: /time Magazine | Title: Q & A: Tommy Chong | 8/15/2008 | See Source »

...toes. And I said, "That's our next president." I said it right then. "That is our next president." Bush and Cheney - they've got more evidence to impeach these guys than they had with Nixon. Don't worry, the wheels of justice grind slow, but exceedingly fine...

Author: /time Magazine | Title: Q & A: Tommy Chong | 8/15/2008 | See Source »

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