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...Greenspan argued that bubbles could only be recognized in hindsight. But investors - who have been well schooled in the dangers of bubbles over the past decade - are increasingly wary that prices have risen too far, and that the slightest bit of negative economic news could knock markets for a loop. These fears are compounded by the possibility that Asia's central bankers will begin taking steps to shut off the money spigots and bring the party to an end. On July 29, rumors that Beijing was on the verge of tightening credit sent Shanghai stocks plunging 5%, their biggest decline...

Author: /time Magazine | Title: Asia's Easy-Money Policies: Fueling New Bubbles? | 7/23/2009 | See Source »

...media are as susceptible to this as anyone. Journalism isn't a single-minded monolith that decides what to foist on the public. It's a collection of individuals, who are just as easily affected by the feedback loop, while feeding into...

Author: /time Magazine | Title: Michael Jackson: Goodbye, or See You Soon? | 7/20/2009 | See Source »

...cars and cabooses chugged along tracks that circled diners’ tables, which were arranged in a big loop and named. Ours was the Beijing Station Platform #6. Each car carried a plate of food that diners could reach out and grab as the train passed by. With four looping tracks, and each vehicle carrying dishes with different prices, I counted at least 35 food options to hot pot, including five types of mushrooms (one, a cutely shaped species I’d never seen in America before). The food delivery method created an amusing, interactive buffet, a clever combination...

Author: By Helen X. Yang | Title: Play with Your Food | 7/15/2009 | See Source »

...enough to protect the country. And U.S. commanders have made it clear that even with reinforcements in the pipeline, they don't have enough troops to run a full-fledged counterinsurgency campaign. That is one reason U.S. commanders came to rely on airpower, which only perpetuated a feedback loop that made the job of winning trust among Afghans even harder...

Author: /time Magazine | Title: A New General, and a New War, in Afghanistan | 7/10/2009 | See Source »

...Amazon Encore pans out, what's to stop authors from signing directly with bookstores and cutting publishers out of the loop completely? U2 and Madonna don't have deals with record labels anymore; they did their deals with a concert promoter, LiveNation. That stuff that the labels used to do - production, promotion, distribution - it's just not that hard to DIY now or buy off the shelf. It's the same with publishing. Amazon could become the LiveNation of the book world, a literary ecosystem unto itself: agent, editor, publisher, printer and bookstore. It probably will...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

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