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...Iran on show is a far cry from the clichéd picture of an angry, anti-U.S. Islamic state with a Holocaust-denying President. Under Shah 'Abbas, Iran became a center of diplomacy and trade. Glorious paintings from the early 17th century depict British envoys who traded gold and silver for silk rugs; other prints capture negotiations in which Iranians mingle with Uzbeks and Indians. Like his contemporary Elizabeth I, Shah 'Abbas waged war to defend his nation's territory. But unlike England, MacGregor says, the Shah's Iran "accommodated other faiths," as seen by gospels beautifully illustrated...

Author: /time Magazine | Title: The Art of Museum Diplomacy | 2/19/2009 | See Source »

...Harvard’s plan to eliminate all fun also includes the following programs: cable TV, party grants, the Girl Talk fiasco, inviting Insane Clown Posse to YardFest 2009, appropriating Nazi gold, not admitting any hot girls, the Lamont Burrito Disaster of 2005, lethargic calendar reform, Vanserg, serving squash at 78.3 percent of meals, and the Core...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: Harvard’s Hidden Economic Drain | 2/18/2009 | See Source »

...Standard & Poor's 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%. Gold Mining was among the rare winners Tuesday, with the industry group rising 2.5%. (See pictures of the top 10 scared traders...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...populist Congress, the Clearinghouse had no reason to partner with the Fed. Davison refused to galvanize his member banks in support of a statewide banking holiday. Harrison quickly gave up, delegating responsibility to a lesser state official. As a result, the New York Fed sustained over $350 million in gold and cash withdrawals the following...

Author: By Noah M. Silver | Title: Bridging the Capitalist Divide | 2/17/2009 | See Source »

Ever since gold miners first scraped their fortunes out of the hills of Northern California, America's most populous state has been a land of titanic dreams. These days, though, it's a place with big problems. Its $42-billion budget deficit would make an out-of-control Hollywood director blush - and bankrupt a small nation. Its schools are failing, air quality is worsening, and unemployment neared 10% as of December. The only thing larger than its litany of woes is the roster of political celebrities who are testing the waters for a run for governor in 2010, when term...

Author: /time Magazine | Title: California's Big Race to Succeed Schwarzenegger | 2/16/2009 | See Source »

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