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...Gold is the one currency a central bank can't print," says Martin Murenbeeld, a veteran gold watcher who is chief economist for Canadian money-management firm DundeeWealth. Gold's big attraction as a pillar of the global monetary system is that it isn't beholden to national politics. The downside is that its supply increases fitfully, with no regard for the state of the world economy. That's why John Maynard Keynes called the gold standard a "barbarous relic," and why you won't find anyone outside the goldbug fringe calling for a full return to the gold standard...

Author: /time Magazine | Title: All That Glitters | 12/7/2009 | See Source »

...embraced by both the House and Senate health care reform bills: figuring out which tests and treatments work best--instead of using every available treatment just because it's there--while saving money without adversely affecting health. Using magnetic resonance imaging (MRI) to screen for breast cancer, for example, isn't necessary for the vast majority of women who are at low risk of the disease; because most tumors are not aggressive, most women will not benefit from finding the first signs of tiny tumors that an MRI can detect...

Author: /time Magazine | Title: The Mammogram Melee: How Much Screening Is Best? | 12/7/2009 | See Source »

...impression the Chinese have left on many P.N.G. nationals isn't much better. A local landowner whose ancestral territory lies in the middle of the mine site alleges, improbably, that the nickel will be used to feed a secret Chinese weapons program. In the capital Port Moresby, my driver announces that if a gang to evict Chinese from P.N.G. is formed, he will be the first to join. "I will sharpen my bush knife and chop 10 or 20 heads," he says. The unease about Chinese influence extends to government circles, even if the Ramu mine promises...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

...beauty. Another details the case of an airport-security company that dismissed a male employee who walked out of meetings to pray and refused to interact with women. One of those situations was ultimately judged acceptable, while the other was deemed disruptive enough to justify dismissal - and it isn't difficult to see which was which. But that's the Bouzars' point: if France can avoid controversy over Islam and stick to common sense, life and work in the country with Europe's largest Muslim population will get a lot easier for everyone...

Author: /time Magazine | Title: The Islamic Divide at Work: Advice for French Bosses | 12/7/2009 | See Source »

Bolivian President Evo Morales isn't South America's first indigenous head of state - that honor belongs to Alejandro Toledo, a Quechua Indian who was President of Peru from 2001 to 2006 - but he's certainly the first to capture the imagination of the world outside South America. Morales, first elected in 2005, was the continent's Barack Obama before there was Obama. He is an Aymara Indian and former coca-growers union leader who won the presidential palace while still in his 40s, just decades after a time when Bolivians of his class and skin color weren't even...

Author: /time Magazine | Title: Morales' Big Win: Voters Ratify His Remaking of Bolivia | 12/7/2009 | See Source »

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