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...stock market is up nearly 50%. Many bulls say there are hundreds of billions of dollars sitting on the sidelines that will come in, pushing the market higher. Do you agree? We've been through a secular bear market that really began in 2000. Adjusted for inflation, the S&P 500 is down 65% since then. We've been through the worst 10-year period of stock returns on the S&P in the history of American equities. But I think we saw the bottom of the secular bear market [at the March lows]. My view is that the money...

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

...vast improvement on the economic contraction of 3.1% that Germany suffered in the first quarter of 2009 - its fourth straight negative quarter. France's identical 0.3% advance contrasts its 2008 first-quarter shrinkage of 1.3%. Both economies benefited from better than expected consumer spending and higher exports led primarily by car sales - and in France's case, airplanes as well. (See pictures of Paris expanding...

Author: /time Magazine | Title: France and Germany Climb Out of Recession | 8/13/2009 | See Source »

...makeup that would make them more deadly. But even exhaustive 21st century virology can only help health officials react to what's already happened. The best laboratory in which to study the flu virus is the human population itself. "If we get reports of a more severe infection with higher mortality rates, we can map the changes that made the virus more severe and monitor its spread. That could help health officials formulate policies," says Hay of the World Influenza Center, one of four laboratories at the hub of the WHO's global surveillance program. "But we're always playing...

Author: /time Magazine | Title: Inside the Fight Against a Flu Pandemic | 8/12/2009 | See Source »

Brown is probably unwelcome at Chiquita, but the door to the Justice Department under now Attorney General Eric Holder swung wide open. Since April, Brown has been working for Holder as head of the Office of Professional Responsibility (OPR). Long considered a DOJ backwater, OPR assumed a higher profile in the final years of the Bush Administration amid widespread allegations of attorney misconduct, from the use of political litmus tests in hiring to improper firing of U.S. Attorneys. (Read "Inside Bush and Cheney's Final Days...

Author: /time Magazine | Title: For DOJ's Ethics Cop, Decision on Memos Looms | 8/11/2009 | See Source »

...reports of a more severe infection with higher mortality rates, we can map the changes that made the virus more severe and monitor its spread. That could help health officials formulate policies," says Hay. "But we are always playing catch-up with flu. It's impossible to stay ahead of this virus...

Author: /time Magazine | Title: The Flu Hunters: Racing to Outsmart a Pandemic | 8/11/2009 | See Source »

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