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...country's $350 billion sovereign wealth fund pumped full of the country's oil revenues, and the cost of insuring against government default in Norway - a key measure of a currency's safety - is the lowest of those countries. With Norway's output expected to shrink by a modest 1.2% this year, far less than in most of the world's leading economies, the krone, HSBC said, represents "the ultimate safe haven." (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: Why the Norwegian Krone Is the World's Safest Currency | 3/23/2009 | See Source »

...recently as five years ago, this ability - plus a native braininess and a healthy dose of opportunism - had earned her a regular seat at soirées in the Washington-New York City-Los Angeles triad, as well as a modest media profile. She was once referred to as "the most upwardly mobile Greek since Icarus." (Watch an interview with Huffington...

Author: /time Magazine | Title: Arianna Huffington: The Web's New Oracle | 3/19/2009 | See Source »

...continue as the free repository of all information. As a Database of Everything, it is the crowning achievement of civilization. And I absolutely believe that it's possible for certain kinds of low-overhead content producers to eke out a living here, attracting enough audience to generate modest ad revenue. So far, this has worked best for curators, scavengers and commentators - the three pillars of the Temple of Blog - and others who purvey short-form stuff...

Author: /time Magazine | Title: Fujitsu's New Reader: A Step Toward the Post-Web World | 3/19/2009 | See Source »

...want either an Iranian-style theocracy or a Western-style democracy. They want a blend, with clerics playing an advisory role in societies, not ruling them. As a consequence, Islamist parties are now under intense scrutiny. "Islamists, far from winning sweeping victories, are struggling to maintain even the modest gains they made earlier," says a recent survey by the Carnegie Endowment for International Peace. In Iraq's recent elections, for example, secular parties solidly trumped the religious parties that had fared well four years...

Author: /time Magazine | Title: A Quiet Revolution Grows in the Muslim World | 3/19/2009 | See Source »

...Does the comparatively modest nuisance caused by Thursday's action mean Sarkozy and the government can simply ignore the striking? Given the enormous turnout and rising public anger, pundits warn the answer is: No. Though Sarkozy granted $3.5 billon in additional tax cuts to workers following January's walk-out, unions denounce that as a pittance compared to the $35 billion poured into business investment under the government's economic stimulus package and $468 billion in aid handed to French banks and finance groups. The protesters now have three main demands: that major funding be given to employees to increase...

Author: /time Magazine | Title: The Protests in France Get Personal | 3/19/2009 | See Source »

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