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...global recession worsen - a 2008 World Bank report estimated that a severe pandemic could reduce the world's GDP by 4.8% - but we depend on international trade now for countless necessities, from generic medicines to surgical gloves. The just-in-time production systems embraced by companies like Wal-Mart - where inventories are kept as low as possible to cut waste and boost profit - mean that we don't have stockpiles of most things. Supply chains for food, medicines and even the coal that generates half our electricity are easily disruptable, with potentially catastrophic results. Though we'll likely hear calls...

Author: /time Magazine | Title: Swine Flu: 5 Things You Need to Know About the Outbreak | 4/27/2009 | See Source »

...Microsoft has reached the point where it is very much like Wal-Mart (WMT) and McDonald's (MCD). Neither of those companies is growing rapidly, but both dominate their industries, throw off huge amounts of cash each year, and have balance sheets that are the envy of most other large multinational companies...

Author: /time Magazine | Title: Microsoft Follows in the Footsteps of McDonald's and Wal-Mart | 4/24/2009 | See Source »

...investigators have yet to determine exactly what killed the animals. Lechuza's Argentine captain, Juan Martín Nero, told the Buenos Aires daily La Nación this morning he believed that tainted Biodyl, a vitamin supplement he said the team regularly gives its horses before matches to ward off exhaustion, was the culprit. "There were five [Lechuza] horses who were not given the vitamin," Nero told La Nación, "and they're the only ones that are fine." Nero insisted in the interview that Biodyl is "nothing prohibited." But he's wrong. It turns out, the Food...

Author: /time Magazine | Title: The Dead Polo Ponies and Their Millionaire Owner | 4/23/2009 | See Source »

When I started covering Latin America 20 years ago, a leftist source asked what books I'd read to help myself understand the region's manera de pensar, or psyche. I fidgeted and mentioned Octavio Paz's Labyrinth of Solitude. He shrugged. José Martí's Our America? Eh. How about everything by Gabriel García Márquez? (Although I had to admit that was to impress women.) He shook his head and handed me Eduardo Galeano's The Open Veins of Latin America - the same book Venezuelan President Hugo Chávez made a show...

Author: /time Magazine | Title: Signs of Spring: U.S.-Latin America Relations Thaw | 4/20/2009 | See Source »

...horror stories are true!" a veteran Army recruiter advised a rookie online. "It will be three years of hell on you and your family." One wife wrote that instead of coming home at the end of a long workday, her husband was headed "to Super Wal-Mart to find prospects because they're open for 24 hours...

Author: /time Magazine | Title: Why Are Army Recruiters Killing Themselves? | 4/2/2009 | See Source »

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