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...Error Economy ACTION Images of Barack Obama meeting with world leaders, military commanders and U.S. troops were accompanied by credible talk of withdrawing U.S. forces from Iraq and a Bush Administration diplomat joining Iran discussions. John McCain faces the possibility of losing one of his few advantages: a firm focus on national security. With Obama on an international globe-trot, McCain was forced to spend the week reacting to the Democrat's every move rather than aggressively shaping the debate with his own message. The fight to control the agenda is usually an ongoing tug-of-war between...

Author: /time Magazine | Title: The Page | 7/24/2008 | See Source »

Granted, the romance plot ticks along as well, as Juliet industriously and entertainingly whittles down her roster of suitors. But the authors show a firm hand with their characters. They even kill off a few, and the casualties aren't cutesy stage deaths with finely calculated thematic meanings. Death, in its truest, most frightening incarnation, means nothing. The characters in Guernsey may meet cute, but they don't die cute. They come by their quirkiness the hard...

Author: /time Magazine | Title: Temptation Island | 7/24/2008 | See Source »

...satellite, the overseas operation saves money for the airline. The main reason: Barbados data processors are paid $2.20 an hour, much less than the $9 that American used to pay its U.S. keypunch operators to do the same work. American Airlines is one of a growing number of U.S. firms that are transferring white-collar work to Barbados, Jamaica and other locales abroad. Statistics on the trend are hard to come by, especially since many U.S. firms are eager to conceal the increasing extent of their foreign data-processing, engineering and computer activities. According to Harley Shaiken, a professor...

Author: /time Magazine | Title: HAVE DATA, WILL TRAVEL | 7/21/2008 | See Source »

...Dohnanyi conducting the Cleveland Orchestra and Chorus (Telarc). Every decade Karajan tackles the Beethoven symphonies, and these new recordings of the heroic Third and frisky Eighth complete his latest cycle. Like his previous version, issued in the mid-1970s, these interpretations are forceful and decisive, fast without being headlong, firm without being inflexible. The Berlin Philharmonic's playing is silky as ever. But in terms of sheer kinetic excitement, nothing will top the explosive, elemental performances from the 1960s. Dohnanyi's Ninth boasts a strong quartet of soloists and is infused with the German maestro's unerring sense of structure...

Author: /time Magazine | Title: WINNER AND STILL CHAMPION A pride of new compact disks awards first place to Beethoven | 7/21/2008 | See Source »

...ever--to close the week at 1874.19. What really jolted the nerves of Wall Streeters, though, was the fallout from the Dennis Levine insider-trading scandal, the worst in history. Paranoia swept the close-knit investment community a week after Levine, 33, a former managing director at the firm of Drexel Burnham Lambert, pleaded guilty to criminal charges of income tax evasion, securities fraud and perjury and settled a civil suit charging that he had made $12.6 million in illegal stock- market profits on corporate takeovers. A Securities and Exchange Commission investigation was in full swing, along with criminal investigations...

Author: /time Magazine | Title: CIRCUS TIME Wall Street reels over scandal | 7/21/2008 | See Source »

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