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...great financial question confronting the American people lately has to do with their withered investment portfolios. After the government's huge stimulus package, there is a sense of relief that the financial crisis seems under control, but there is also a lingering suspicion that economic malaise may be here to stay, even if big outfits like the Organization for Economic Cooperation and Development say otherwise. (On Wednesday, the OECD joined the list of optimistic forecasters, saying that economic growth would return in 2010 and be better than the organization had expected just three months...

Author: /time Magazine | Title: Is the Stock Market Cheap or Expensive? | 6/25/2009 | See Source »

...what bands played when people went out dancing. The records were just what you listened to at home. The Beatles were the first group to realize that pop had become records, and that they never needed to step on a stage again in their lives. That's a huge shift, and [although] I think it would have happened without them, they were the catalysts...

Author: /time Magazine | Title: Did the Beatles Destroy Rock 'n' Roll? | 6/24/2009 | See Source »

...wasted on unneeded care, mostly routine CT scans and MRIs, office visits, hospital stays, minor procedures and brand-name prescriptions that are requested by patients and ordered by doctors every day. Orszag is particularly obsessed with research by the Dartmouth Institute for Health Policy and Clinical Practice, documenting huge regional variations in costs but virtually no variations in outcomes. For example, chronically ill patients in Los Angeles visited doctors an average of 59.2 times in the last six months of their life, vs. only 14.5 times in Ogden, Utah; they still ended up just as dead. Medicare now pays three...

Author: /time Magazine | Title: How to Cut Health-Care Costs: Less Care, More Data | 6/23/2009 | See Source »

...trouble came on June 18, when a report was released from the China Internet Illegal Information Reporting Center, a government agency, that accused Google of providing links to pornography. A story from the official Xinhua news agency soon followed alleging that an unnamed Google official had admitted that a "huge amount of porn and lewd information" had been disseminated via the search engine. The issue has also received a significant amount of news coverage on China Central Television (CCTV...

Author: /time Magazine | Title: Chinese Government Attacks Google Over Internet Porn | 6/22/2009 | See Source »

Returning home one spring five years ago from a secret visit to Beijing in his armored, fully wired train car, North Korean leader Kim Jong Il got an unnerving, firsthand demonstration of the potential downside of technology. A huge explosion ripped through the Ryongchon border station, and some officials initially thought it was an assassination attempt triggered by a cell phone. As it turned out, the fireball was more likely the result of two trains' colliding nearby, possibly as a result of miscommunication about changed schedules stemming from Kim's clandestine travels. But regardless of the actual cause, that still...

Author: /time Magazine | Title: North Korea Tries to Ramp Up Tech Infrastructure | 6/22/2009 | See Source »

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