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...used to be that to buy gold you had to actually buy gold. In 2003, I went to Manhattan's 47th Street jewelry district to purchase a few hundred dollars in gold coins. When informed that I had to pay cash, I left and never made it back. Dumb move, I know, but indicative of the less-than-investor-friendly ways of the business. One could buy stock in gold-mining companies, but that added a layer of volatility and risk. Since 2004, however, it's been possible - through exchange-traded funds (ETFs) - to effectively own gold without the hassle...

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

...liberals to advance the measure with a filibuster-proof 60-to-39 vote; all the nays came from Republicans. Maintaining the fragile Democratic alliance could mean weeks of legislative haggling and debate: four key moderate Senators oppose the inclusion of a public-insurance option, which some colleagues on the left consider nonnegotiable. A final vote is probably a month or more away...

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

...heated rivalry between the Egyptian and Algerian national soccer teams exploded into violence, threatening diplomatic ties between the North African nations. Attacks on a bus carrying the Algerian squad in Cairo triggered a series of skirmishes there and in Algiers that left fans of both teams injured. The conflict escalated after Algeria won a Nov. 18 match between the two countries in Khartoum, Sudan, earning a spot in the 2010 World Cup finals in South Africa. Assaults against Egyptian fans leaving the stadium sparked riots outside the Algerian embassy in Cairo and spurred Egyptian President Hosni Mubarak to recall...

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

...whom Lu Xun shares important traits. Each introduced new terms into the political lexicon: Ah-Q-ism (a proclivity for self-delusion) is as readily understood in China as references to Big Brother are elsewhere. Each author spent most of his adult life as an independent thinker of the left, criticizing dogmatism and hypocrisy wherever it appeared on the political spectrum. Each championed plain forms of writing. And each penned an ironic novella about a revolution that claimed to be about changing everything, but ended up altering only the titles (in the Ah-Q tale) or the species (in Animal...

Author: /time Magazine | Title: China's Orwell | 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 »

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