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MySpace's story is an almost stereotypical coming-of-age tale for Internet start-ups, a modern-day bildungsroman of social networking. The idea was birthed in the seedy underworld of the Internet by the same folks who brought you such innovations as spam, the pop-up ad and spyware. The site itself was a rip-off, a hastily thrown-together clone of its predecessor Friendster. Both sites missed the heyday of the Web bubble, but there's something to be said for persistence and a good idea, and MySpace quickly grew far beyond anyone's expectations. (See TIME...

Author: /time Magazine | Title: Stealing MySpace | 3/27/2009 | See Source »

...must have seemed like a good idea at the time. If you want to reduce citizens' exposure to dangerous and illegal activities online, why not gather up all the URLs for sites that promote such acts - child pornography, extreme violence, weaponmaking and so on - and have Internet service providers (ISPs) simply block them? Wouldn't that make the Internet safer for families and children...

Author: /time Magazine | Title: A Blacklist for Websites Backfires in Australia | 3/27/2009 | See Source »

...recession-weary gal dreams of, but it takes more than Princeton professor duds and a neatly trimmed beard to fix the economy. Geithner's nice enough, right? There's nothing wrong with him, right? And even though he seems unsure of himself and half the time I have no idea what he's talking about, Obama likes him, which has to count for something, right...

Author: /time Magazine | Title: An Ode to Paul Krugman | 3/26/2009 | See Source »

...Which raises the question, one that trade economists have to answer every 10 years or so: If protectionism is so ruinous, why does everyone reach for it in tough times? To answer that, you have to go back to why trade is good for you. The idea that an exchange of what you have for what I have makes both of us better off must be as old as the first moment anyone swapped cowrie shells for some cooked fish. Organized trade is ancient: silk did not get to Rome because the Romans figured out sericulture; someone imported it from...

Author: /time Magazine | Title: Global Trade: The Road to Ruin | 3/26/2009 | See Source »

...believed that Laura Ling and Euna Lee of the San Francisco based Current TV were nabbed by North Korean border guards in the early morning hours after allegedly straying past the border, an unmarked halfway point on the frozen river. It's not a good idea "to behave like it's the Belgium-French border" says Andre Lankov, a North Korea expert who visited the area last summer and only approached the border when he was accompanied by Chinese police. Less than 50 meters across a frozen no man's land and "you're dealing with the world's most...

Author: /time Magazine | Title: Why North Korea Nabbed Two U.S. Journalists | 3/26/2009 | See Source »

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