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...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 now. But a partial return, in which central banks hold gold as a hedge against financial turmoil (the Reserve Bank...

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

...Feoktistov except maybe that he wasn't a communist. Feoktistov, who died on Nov. 21 at age 83, was part of that cursed group of Soviet cosmonauts who had a troubling habit of beating the Americans to all the great milestones in space: Yuri Gagarin orbited the Earth before John Glenn; Alexei Leonov walked in space before Ed White. And Feoktistov, along with two compatriots, was part of the first group spaceflight, piloting the Voskhod 1 when it rocketed into orbit on Oct. 12, 1964. America's two-man Gemini spacecraft did not launch until the following March...

Author: /time Magazine | Title: Konstantin Feoktistov | 12/7/2009 | See Source »

What a breath of fresh air is Gordon Gee! As president of an important institution, he is doing what most educators are not: being authentic. I especially liked the photo of him on his sofa alongside a smiley-face pillow, with John Belushi hanging on the wall behind...

Author: /time Magazine | Title: Inbox | 12/7/2009 | See Source »

...John Siewert, LA VERNE, CALIF...

Author: /time Magazine | Title: Inbox | 12/7/2009 | See Source »

...Democrats, both Obama and Clinton ought to engage with the G-20 nations, building bridges abroad while promoting democracy for real. As far as domestic matters are concerned, the U.S. must spend less and save more if it is to remain a power beyond the Obama-Clinton era. P.J. John Singapore...

Author: /time Magazine | Title: Inbox | 12/7/2009 | See Source »

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