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...would want to own an asset that has no income return and actually costs you money to own and store. I sort of agree with what [Warren] Buffett said, about how he never understood why they send a bunch of men 5,000 feet under the ground in Africa to bring out this metal, and then they ship it all across the world and it's buried 1,000 feet underground at the Bank of England and the U.S. Treasury. There is something illogical about...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...purple-state, heartland rep, large portions of Ohio are still very monochrome - which is to say white - and mostly untouched by on-the-ground experience with people not born in the U.S. Local opinions about immigrants would thus presumably be shaped mostly by what people read or see on TV, combined with a general sense of America's shared melting-pot history. "This makes Ohio ideal for understanding public attitudes ... largely unaffected by actual immigrant levels," the researchers wrote...

Author: /time Magazine | Title: Stereotypes Persist Even Where Immigrants Don't | 8/12/2009 | See Source »

Franklin & Marshall College pollster Terry Madonna says his own polling and discussions with voters suggest that Specter is on the trickiest ground of his career. "There's sort of a nagging concern voters have," Madonna says. "They're concerned about his past - voting with Bush and Reagan for Bush and Reagan tax cuts, for the war in Iraq, support for the Patriot Act." There's also an undercurrent of worry about Specter's age and health, Madonna says, although voters tend to say so only in whispers. Specter is 79 and has suffered two bouts of Hodgkin's lymphoma...

Author: /time Magazine | Title: Can Joe Sestak Buck the Odds Against Arlen Specter? | 8/12/2009 | See Source »

Leadership elections inside Fatah, the party of Palestinian Authority President Mahmoud Abbas, are a lot like comets: they only come around every 20 years or so, and are marked by a brief but spectacular display of pyrotechnics that don't alter reality on the ground. For ordinary Palestinians, life after the Fatah conference will go on much the same - they will still face the daily travails of Israeli military checkpoints around their towns, and dealing with a Palestinian government rotten with corruption and cronyism. (Read "Fatah Conference Aims to Boost Its Radical Credentials...

Author: /time Magazine | Title: Fatah Conference Boosts Abbas, but Peace May Remain Elusive | 8/12/2009 | See Source »

Using shards of shattered glass and metal scraps as weapons, inmates at an overcrowded California prison went on an 11-hour rampage on Aug. 8, leaving some 250 people injured and a prison dormitory burned to the ground. Officials believe the riot at the California Institution for Men - the state's worst since 2006 - was fueled by racial tensions among black and Hispanic inmates. The violence came as California's prison system is adapting to a 2005 Supreme Court ruling that makes it more difficult for facilities to automatically segregate new prisoners by race, as the state had done...

Author: /time Magazine | Title: Prison Riots | 8/11/2009 | See Source »

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