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What Hollywood means by a high-IQ spy thriller is something like The Bourne Ultimatum: a movie with lots of fights and chases, starring a guy who got into Harvard. For the real thing, get the DVD, out Aug. 21, of The Lives of Others, the 2006 German drama that won the Oscar for Best Foreign Language Film. It reveals espionage as a dirty game that can crush a man and compromise a nation without a single punch. And soon Florian Henckel von Donnersmarck's terrific film is to be remade by a U.S. studio...

Author: /time Magazine | Title: A Spy Tale with A Bitter Taste | 8/16/2007 | See Source »

...investments linked to the subprime debacle. When the CEO doesn't know, that is the very definition of "not knowing what we don't know." "No one has a clue what they're sat on," says Gabriel Stein, chief international economist at Lombard Street Research in London. Dutch and German banks recently admitted that these bad debts had dented their earnings as well. And there's probably more bad news to come, says Stein: "It's noticeable that no British bank has said 'this is our exposure.' The idea that they're the only ones, through brilliance, not exposed...

Author: /time Magazine | Title: Markets Rebound but Crisis Not Over | 8/13/2007 | See Source »

...also running into trouble with governmental authorities. In July FBI investigators prompted Linden to shut down Second Life's casinos because online gambling is illegal in the U.S. German police are looking into allegations that members traded pornographic photos of real children on the site, and several European governments are upset that adult avatars are having sex with childlike ones. Linden responded this summer by banning lewd acts with minors as well as "other broadly offensive content," a move that annoyed longtime users. Soon, grumbled one participant on the site's blog, "the only things left to do on Second...

Author: /time Magazine | Title: Second Life's Real-World Problems | 8/9/2007 | See Source »

What books are you reading at the moment? -Lynn K. Gardaz in MacauI love historical accounts and I'm reading about the Battle of Jutland in 1916 between the German High Seas Fleet and the British Frand Fleet. It's the last of the great Armadas facing each other, and it never happened again. I love history. I'm fascinated by World War I, by how the whole map of Europe changed so radically between 1914 and 1918. It's never been the same since, and we're still struggling with those changes...

Author: /time Magazine | Title: 10 Questions for Sir Ben Kingsley | 8/2/2007 | See Source »

...transferred to Tripoli, where he would likely be released. The governments of France and Britain denied those allegations, but less than 48 hours after the Le Monde report, Libya unilaterally announced it had indeed signed a deal to buy over $371 million in arms and military equipment from Franco-German defense and aerospace giant EADS. That confounding (and doubtless vexing) Libyan indiscretion forced French officials to variously minimize the deal as still being limited to "letters of intent" to purchase - and claim it to be a private business matter totally unrelated to the Bulgarians' release the week before...

Author: /time Magazine | Title: Has Libya Really Reformed? | 8/2/2007 | See Source »

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