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...lost about 15% of its value against the world's other major currencies. That's a dull way to put it, though, so you're more likely to read or hear that the greenback is "wobbling," "slumping," "plunging" or even "collapsing." Marc Faber, a Hong Kong-based investment guru with a flair for the dramatic, went so far as to declare in a TV interview a few weeks ago that the U.S. currency was on its way "to a value of exactly zero...

Author: /time Magazine | Title: The Dollar in Danger | 11/16/2009 | See Source »

These days, you don't have to work on Wall Street to get entangled in an insider-trading scandal - just ask Martha Stewart. The homemaking guru spent five months in prison in 2004 after a series of events triggered by her sale of $228,000 in shares of biomedical firm ImClone Systems, the day before its value plunged 15%. Thanks to a 1997 Supreme Court ruling, even those who lack a connection to a company cannot trade on inside information if they know it is meant to remain confidential. (ImClone was run by Stewart's friend, Sam Waksal.) Ultimately, Stewart...

Author: /time Magazine | Title: Insider Trading | 11/9/2009 | See Source »

...their cupcakes as “fresh baked daily from scratch—just like Betty Draper would have made them.”  Perhaps this is indeed how the embodiment of ’60s-housewife-syndrome would have made them were she Betty Crocker, Baking Guru as opposed to Betty Draper, Ice Queen Extraordinaire...

Author: By Benjamin Naddaff-Hafrey | Title: Mad Good Cupcakes | 11/8/2009 | See Source »

...developments left the New York Times - which that year ran a story headlined IN SMALL TOWN, U.S.A., WOMEN'S LIBERATION IS EITHER A JOKE OR A BORE - in the awkward position of identifying Gloria Steinem as "Miss Steinem, editor of Ms. magazine." At that point, even the late language guru William Safire called for surrender. The Times refused on the grounds that the title had not passed into common usage. "We reconsider it from time to time," the editors mused, but "to our ear, it still sounds too contrived for news writing." Only in 1986 did the Times relent...

Author: /time Magazine | Title: Mrs., Ms. or Miss: Addressing Modern Women | 10/26/2009 | See Source »

Being an American in Asia has never been more humbling. I recently appeared on a panel at a conference in the southern Chinese city of Guangzhou with investment guru Jim Rogers and Kirby Daley, an outspoken Hong Kong - based financial strategist. Though both Americans, the two appeared to be engaged in a contest to decide who could bash their home country the hardest. Rogers called China "the next great country of the world," while comparing a debt-burdened America to the failed British Empire. Daley lambasted American economic policy as ill conceived and out of touch. Rogers warned his listeners...

Author: /time Magazine | Title: American Lament | 10/12/2009 | See Source »

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