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Before the euro, a financial crisis in Europe went hand in hand with currency woes: a run on weaker currencies, heavy intervention by central banks and finally a collapse of the parity system. "I've lived through currency devaluations, and they are fraught with anxieties," says Hans Martens, chief executive...

Author: /time Magazine | Title: Is the Euro the New Dollar? | 1/1/2009 | See Source »

Hirano's sophomore album klo:yuri takes its cue from her minimalist full-length debut, 2006's LushRush, although she strips away much of the live instrumentation of her previous offering, relying more heavily on field recordings, synthetic effects and her own ethereal voice. These elements are blended through subtle...

Author: /time Magazine | Title: Dream Works | 1/1/2009 | See Source »

Hans Martens, chief executive of the European Policy Centre, says the new presidency will be a stark contrast to the French one, which boldly tackled big issues like the Russia-Georgia conflict, the economic crisis and the E.U.'s emissions-cutting policies. "We have just had a very active French...

Author: /time Magazine | Title: 'Old Europe' Wary as Czechs Take Over EU Presidency | 12/30/2008 | See Source »

A lifelong bachelor, Nobel lived a solitary life and spent most of his time tinkering with inventions, amassing 355 patents by the time he died in 1896. Following Nobel's death, his executors discovered that he had secretly created five annual prizes - for chemistry, physics, literature, medicine and peace - in...

Author: /time Magazine | Title: The Nobel Prize | 12/11/2008 | See Source »

The Western media’s focus on piracy off the Somali coast in the last few months has been light in tone since piracy ceased to be a serious problem in the Atlantic centuries ago. In the popular imagination, “pirates” remind us of either...

Author: By Pierpaolo Barbieri | Title: Pirates of the Aden Gulf | 12/11/2008 | See Source »

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