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Since then, we've had an international monetary system in which the dollar is the main store of value. When countries want to protect themselves from the vagaries of global financial markets, they stockpile dollars the way nations in previous eras hoarded gold. This stockpiling has enabled the U.S. government to borrow almost without limit in global markets and until recently allowed American consumers to do the same...

Author: /time Magazine | Title: Why Supplanting the Dollar Would Be Good for America | 4/9/2009 | See Source »

...living in Greek times and decided you wanted to speak in front of the Athenian assembly, does that mean you're a narcissist or that you wanted to participate in the institution of the times?" Pinsky asks. I'm not sure, but I do know that he nailed my main reason for hoping someone discovers a time machine...

Author: /time Magazine | Title: Why Joel Stein Is Not a Narcissist | 4/9/2009 | See Source »

...places like St. Helens to try to send the illegal immigrants packing, it would be a bit like letting AIG or GM collapse: it might feel good and it might be morally justified, but in the long run it would just increase the misery on Main Street. Like it or not, with more than 10 million Margaritos from coast to coast, illegal America is simply too big to fail...

Author: /time Magazine | Title: Despite Backlash, Illegal Immigrants Stay Put | 4/9/2009 | See Source »

...Palagio, the hotel's main restaurant, marries imposing decor (grisaille walls, lilac-and-white curtains, Murano chandeliers and neoclassical art) with upscale representations of local specialities (chickpea soup with salad of lentils and green beans, and roast pork with black cabbage flan). Guests can walk off their sumptuous meals by taking a stroll through the lawns, paths and copses that grace the 11-acre (4.5 hectare) garden, which was partly designed as a botanical garden for rare species. Nature's healing powers are also emphasized in the spa, where treatments are based on luxuriously scented herbal products from the Santa...

Author: /time Magazine | Title: In Florence, a Palace Coup | 4/8/2009 | See Source »

...Sihanoukville is Cambodia's main shipping port, so there's local wealth here as well. In five years, a handful of new resorts and several middle-class housing developments probably will have sprung up. So if you like your beach towns simple, cheap and dirty - the Wanderer, for one, thought Sihanoukville was already too bustling - you might want to go there...

Author: /time Magazine | Title: Beyond Angkor Wat: Cambodia's Hidden Coast | 4/7/2009 | See Source »

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