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...Dressed in an impeccably tailored suit, Reid sits alone in a glass-fronted VIP area above the main stand at the Bangkok stadium of Chulalongkorn United. Below him are a few hundred home fans and, opposite them, a few dozen supporters of the Provincial Electricity Authority, the league leaders. Reid has been watching as many league games as possible before picking his national squad. When asked what he's looking for in potential squad members, he replies, "Talent. Pace. Attitude." There are players with all three on the pitch, but Reid has a problem: the stadium's floodlighting...

Author: /time Magazine | Title: An Englishman in the Land Of Smiles | 12/11/2008 | See Source »

...when eBay's slowdown began, she tried to buy her way out of the problem, acquiring companies like PayPal, Skype, Shopping.com and StubHub to generate growth. Many were profitable but distracting, as problems like lack of trust and shoddy search technology continued to ail the auction site, the main revenue driver. "Meg was reluctant to expand things like customer service because it would eat into eBay's margins," says Jeffrey Lindsay, senior analyst at Sanford C. Bernstein...

Author: /time Magazine | Title: eBay Bids for Revitalization | 12/11/2008 | See Source »

Frantic Bookstore customers should be forgiven for riffling through the pages of this slim book. After all, this is the new Nobel laureate in economics addressing the main--perhaps only--topic of conversation these days. But Krugman's assessment is only partly reassuring: "We're not in a depression now, and despite everything, I don't think we're heading into one (although I'm not as sure of that as I'd like to be)." In this updated and revised edition of his prescient 1999 book, the author shows how the Asian and Latin American financial crises...

Author: /time Magazine | Title: The Return of Depression Economics and the Crisis of 2008 | 12/11/2008 | See Source »

...thought about coming back to Harvard for some time, as one always has an attachment to the place where he went to school,” Chetty wrote in an e-mail, “In addition to its outstanding faculty, Harvard’s main attractions for me are its outstanding students and the central presence of Cambridge in the economics profession...

Author: By Weiqi Zhang, CONTRIBUTING WRITER | Title: Chetty Accepts Tenure Offer | 12/9/2008 | See Source »

...raid in Muzaffarabad, the capital of the Pakistani half of the disputed territory of Kashmir, targeted the main local office of the Jama'at-ud-Da'awa (JuD), a charitable organization that terrorism experts say became the legal front of the banned LeT. Soldiers entered the office after a 3 p.m. deadline for its occupants to surrender had passed. Some 30 people fled. Local residents report that they heard fighting and machine-gun fire but no heavy weapons. The army has refused to comment. Latif Akbar, a leader of the ruling Pakistan Peoples Party in Muzaffarabad, told TIME that...

Author: /time Magazine | Title: Pakistan's Mumbai Arrest: Will It Satisfy India? | 12/8/2008 | See Source »

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