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...sharp housing correction was in the offing. They were right. But those who actually worked in the business of writing, packaging and investing in mortgage loans couldn't act on such concerns and expect to stay employed. There was too much money to be made running with the herd. Or dancing with it, as Citigroup CEO Charles Prince put it in a memorable July interview. "As long as the music is playing, you've got to get up and dance," he told the Financial Times. "We're still dancing." Now the mortgage-lending party is over, and housing markets...

Author: /time Magazine | Title: Herd on the Street | 9/6/2007 | See Source »

...British Environment Secretary Hilary Benn said a second herd of cattle had tested positive for the virus less than two miles from where a first infected group was found on Friday, on a farm some 30 miles (48 km) southwest of London. Health officials emphasized that the outbreak occurred within an enforced "protection zone" around the first incident, and there was still no evidence of wider spread of the disease...

Author: /time Magazine | Title: Second Outbreak of Foot-and-Mouth | 8/7/2007 | See Source »

...were hoping for here, coming up next is Art 38 Basel, Switzerland's art trade fair, a citywide aesthetic shop floor. Then there's Documenta 12 in Kassel, Germany, and then the Sculpture Project in Münster. Dealers, curators, critics and other determined members of the migratory art herd will be turning up at all four. There's a line from an old Stephen Sondheim song that could be their anthem. Do you know it? It goes, "Art isn't easy...

Author: /time Magazine | Title: In Search of Surprises | 6/13/2007 | See Source »

Thompson has devoted a lot of time to studying why previous GOP hopefuls imploded. He spent part of last week in his Washington-area office, meeting with veteran campaigners while his aides figured out how to find office space, hire advance men and ride herd on financiers. By jumping into the race in early July (and signaling his intentions widely now), Thompson hopes to slow the fund raising of his embattled friend John McCain...

Author: /time Magazine | Title: Fred Thompson's Sly Script | 6/8/2007 | See Source »

...after the cameras stopped rolling. Certainly the right bite to the neck would have caused the baby to bleed out fast-which did not appear to happen-and the right hold on its hind legs would have broken them, making it impossible for him to trot back to the herd as he did. Buffalo hide is tough, and perhaps this baby was even tougher and scrappier than most-or perhaps the crocs and lions simply had their B-teams out that day. Whatever the answer, one of the best thing about the alternate-reality, user-driven world...

Author: /time Magazine | Title: When Animals Attack — and Defend | 6/7/2007 | See Source »

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