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...perch anytime soon. Following a miserable performance in August - Chinese stocks fell nearly 22% last month - Shanghai's 81% Great Leap Forward from January to July has now been pared to 42% as of Aug. 31. That's still a hefty advance, but it's looking like the long march backward will continue for some time. (See pictures of China's infrastructure boom...

Author: /time Magazine | Title: Why China's Stock Market Bubble Is Fizzling | 9/1/2009 | See Source »

...nonexistent. In West Germany, far-right candidates seldom gained enough traction to clear the 5% hurdle in any state election to enter parliament. And when they did, they usually imploded shortly after taking their seats and always failed to get re-elected to a follow-on term. (Read "The March to the Far Right...

Author: /time Magazine | Title: Small Parties Gain in German State Votes | 9/1/2009 | See Source »

...Scottish document in particular could cause grief for Prime Minister Gordon Brown, who insists that Britain had nothing to do with al-Megrahi's release. By contrast, the document, the minutes of a March 2009 meeting between Libyan and Scottish officials, says a Libyan minister recounted being told by British Foreign Minister Bill Rammell "that neither the prime minister [Brown] nor the foreign secretary [David Miliband] would want Mr. Megrahi to pass away in prison, but the decision on transfer lies in the hands of the Scottish ministers." If the critically ill al-Megrahi died in jail, the Libyan minister...

Author: /time Magazine | Title: Lockerbie Bomber's Release Casts a Shadow Over Gaddafi Celebration | 9/1/2009 | See Source »

Blankfein's career took off. He seemed to have a sixth sense about when to push traders to take more risk and when to take their collective feet off the accelerator. "It's not about hanging on to a predisposition," Blankfein told FORTUNE in March 2008. "The best traders are not right more than they are wrong. They are quick adjusters. They are better at getting right when they are wrong." Blankfein too was becoming a quick adjuster...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...already taken steps in the right direction. In March, the agency’s director, Lisa Jackson, announced a plan to inspect disposal sites, order cleanups and repairs, and develop safety regulations to be announced by December. Furthermore, Representative Nick Rahall has proposed legislation that would federally mandate engineering standards for fly-ash impoundments. The TVA is now preparing to convert its coal waste disposal from slurry form to dry storage, which is much less likely to leach into soil and cause toxic spills...

Author: By Anthony P. Dedousis | Title: Old King Coal | 8/31/2009 | See Source »

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