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...main reason Visa can contemplate an IPO now is that, for all the troubles, large parts of the global financial system continue to function just fine. If you have bad credit and want a mortgage or you run a private-equity firm and want to finance a $15 billion takeover, forget it. But if your credit's O.K. and you want to charge a trip to Hawaii or you're the profitable, growing leader of the global electronic-payments business and you want to raise $15-plus billion...

Author: /time Magazine | Title: Visa Charges On | 2/29/2008 | See Source »

...best friends are those who can finish your sentences and predict when you’ll need a shoulder to cry on. But there is a fine line between being a good friend and becoming a burden who doesn’t understand personal boundaries. In “The Soul Thief,” an eerily provocative and creative work of fiction, Charles Baxter explores the nature of relationships and identity while commenting on the modern American experience. Ambiguity and contingency mediate the relationships in “The Soul Thief,” making it difficult to separate...

Author: By Eric M. Sefton, CRIMSON STAFF WRITER | Title: Baxter Questions 'Soul' | 2/29/2008 | See Source »

...unification, dread a collapse of the North - and that Kim has shown himself able to use his possession of nuclear weapons as a way to coerce enough foreign tribute to preserve his regime. As Yoichi Funabashi, the editor in chief of Japan's Asahi Shimbun says in his fine new book The Peninsula Question: "The people of North and South Korea have confronted each other for more than half a century, figuratively dying to be unified but scared to death of being unified...

Author: /time Magazine | Title: Presidential Pragmatism | 2/28/2008 | See Source »

...Obama's campaign thanked McCain's for his apology, claiming a victory for the high road. Fine. But McCain might also know that if middle names become fair game, John Sidney McCain III has his own liabilities. Recently, it has been the unmanly middle names that have caused their owners the most political trouble. In 2006, Jim Henry Webb hammered home the fact that his Virginia Senate opponent was actually George Felix Allen - a middle name that conjured up images of Felix Unger, or perhaps the real life Prince Felix of Luxemburg, either one a far cry from the tobacco...

Author: /time Magazine | Title: Why Is Obama's Middle Name Taboo? | 2/28/2008 | See Source »

...eyes sparkle as she talks of her pride at his success and how he will make a fine President. "He is very loving and very hardworking and never had to be told what to do," she says, pointing out a photograph of a young, gangly Obama with a sack of vegetables over his shoulder during his first visit to Kenya. "Even though he is very learned, he's a very good listener and respects the opinions of others." A chicken wanders in through the open door and Granny Sarah hauls herself out of her chair to shoo it away...

Author: /time Magazine | Title: Dreams from Obama's Grandmother | 2/27/2008 | See Source »

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