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...than in any same period since the dotcom blowout. Even in the City, London's fiercely competitive financial center, the number of new jobs is set to slip by two-thirds this year, according to the capital's Centre for Economics and Business Research. But despite the doom and gloom, there's still room enough for specialist sectors to grow handsomely. London's leading share of international markets means Britain's financial services sector should still grow by 4.7% this year, according to Ernst & Young. And that will surely make it into the Chancellor's speech...

Author: /time Magazine | Title: Is Britain's Economy Slowing Down? | 7/19/2007 | See Source »

...American foreign policy since 9/11, it has not produced the results some of us hoped for, and there are many legitimate criticisms of the Bush Administration's performance. But, in fact, despite the gloom and doom from critics left and right (including, occasionally, me), the world seems to present the usual mixed bag of difficult problems and heartening developments. In Latin America, there's Hugo Chávez eroding democracy in Venezuela--but there's also pretty good news from the democracies in Mexico and Brazil. In Europe, the U.S. fares badly in public opinion polls--but the people of Germany...

Author: /time Magazine | Title: Why Americans Should Feel Happy | 7/6/2007 | See Source »

...sport is the pain of losing. The public sees the bowed heads and long faces of the vanquished, but not the deflation and self-doubt that can last for months. For sports people, the climb out of the pit happens faster when they can find some positives amid the gloom. In the case of the sailors of Team New Zealand, beaten by the Swiss Alinghi team last week in the America's Cup, that should be easy...

Author: /time Magazine | Title: Like Clockwork | 7/5/2007 | See Source »

...doom and gloom? Part of this Chicken Little complex can be explained by rose-tinted nostalgia, but such pessimism also reflects deep-rooted self-doubt, a certain suspicion of man’s ability to handle his promethean powers. Caution transforms suffering into virtue and material progress into sin; this psychology of self-denial suggests that we are sowing the seeds of our future destruction with our present prolificacy. If this sentiment merely led individuals to forswear their own possessions, it would be rather harmless for society. But unfortunately, the modern ascetic impulse informs a wide range of misguided policy...

Author: By Piotr C. Brzezinski | Title: Hooray for Materialism | 6/6/2007 | See Source »

...they unfolded, and when his shots were smuggled out and published anonymously, they received international acclaim. Since 1970, he has lived in exile from his native country, training his lens mostly on modern Europe's complex landscapes and honing a stark, desolate style. But it isn't all gloom: whatever his subject matter, Koudelka's photographs are marked by his indelible persona. It is this that enables them to transcend mere form: with the eye of a poet, he sees into the soul of his subjects, giving viewers a privileged glimpse into the ineffable...

Author: /time Magazine | Title: Czech Book | 5/10/2007 | See Source »

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