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...markets," says Alex Patelis, head of international economics at Merrill Lynch. But countries on the receiving end of such largesse remain wary. At a G-7 meeting of finance ministers held in Washington in October, SWFs were a major topic of discussion, partly due to concern about their potential impact on markets. SWF "investment policies, minor comments or rumors could spark volatility," said Clay Lowery, assistant secretary for international affairs in the U.S. Treasury Department, in a speech last summer. "It is hard to dismiss entirely the possibility of unseen, imprudent risk management with broader consequences." Even U.S. presidential candidate...

Author: /time Magazine | Title: The Wealth of Nations | 12/6/2007 | See Source »

...this straight: TIME passed up inventions that save energy, produce energy, make us safer, make our commutes easier, protect us from diseases, reduce our impact on our finite resources and bring knowledge to the Third World to name a cool new cell phone as Invention of the Year? Steve Jordan, Germantown...

Author: /time Magazine | Title: Inbox | 12/6/2007 | See Source »

Recent events have overtaken my considerations for Person of the Year. I think stem-cell pioneers James Thomson and Shinya Yamanaka are good nominees. I'm not a molecular biologist, but their discoveries with stem cells will have enormous scientific and political impact--which is very rare. Certainly, this discovery is as big and potentially even bigger than the cloning of Dolly, the sheep...

Author: /time Magazine | Title: Person of the Year | 12/6/2007 | See Source »

...impact of celebrity endorsements is highly questionable, but that doesn't stop candidates from courting famous friends. Not everyone can claim Oprah or Streisand, but even martial-arts stars and porn kings create buzz. Test your campaign and pop-culture knowledge by matching up the endorsements below...

Author: /time Magazine | Title: Politics | 12/6/2007 | See Source »

Thank you for your comments about the new sophomore advising system (“Extending Advising Benefits,” Nov. 5, 2007). We have an extremely committed group of sophomore advising coordinators and sophomore advisers and are delighted to see the positive impact they are having...

Author: By Inge-lise Ameer, Tom A. Dingman, Jim N. Mancall, and Monique Rinere | Title: First-Year Advising Deserves More Praise | 12/6/2007 | See Source »

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