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While William Claxton's sophisticated eye left an unparalleled photographic legacy, his gracious manner and refreshing lack of ego left an even deeper lasting impression.

Author: /time Magazine | Title: William Claxton | 10/16/2008 | See Source »

The Great Depression may have been triggered by a financial crisis, but its lasting story is written in the miseries of massive unemployment. Some 25% of the labor force stood idle in 1933--a rate that never went below 14% for the remainder of the decade. No unemployment insurance backstopped...

Author: /time Magazine | Title: A Historian on the Lessons of the Depression | 10/16/2008 | See Source »

The result: economists across Europe are writing off 2009 as a year to forget, and some expect the weakness will continue into 2010 and beyond. Consumption will likely be sluggish and business investment soft. In European countries where the real estate market had overheated, including the U.K., Ireland and Spain...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

We don't say Dubya's unexamined life - his pursuit of devastation policies with such messianic self-assurance - is not worth filming. Yes, the tragic hero usually comes to realize his crippling flaws, but maybe the greatest sin of a powerful man is in never, ever doubting himself. W. gives...

Author: /time Magazine | Title: Oliver Stone's Verdict on George W. | 10/13/2008 | See Source »

Her next appointment arrived, so she stubbed out her cigarette and invited me inside the salon. As I was walking in, a distinguished older woman named Peggy Simpson was rising from one of the chairs, with her white hair immaculately coiffed. "I was leaning toward McCain," she told me, "until...

Author: /time Magazine | Title: For White Working Class, Obama Rises on Empty Wallets | 10/12/2008 | See Source »

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