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...amount of its reserves would dent the value of those that remained. But despite the glitches, argument over the need for a new international reserve does little to lift sentiment in the dollar's favor. Its replacement might be an "implausible suggestion," analysts at HSBC wrote in a May note to clients, but "its pre-eminent position as the reserves currency of the world does not mean that [the dollar] will maintain its value." Like Derrick, HSBC is counting on a further fall in the months ahead. Better not leave that holiday too late...

Author: /time Magazine | Title: Outlook for U.S. Dollar Darkens | 7/2/2009 | See Source »

...Corrales is quick to note that the region's trend toward "superpresidencies," which includes conservative leaders like Colombian President Alvaro Uribe, "is far from over." But Fernández - who does little to discourage comparisons to Eva Perón, the glamorous and powerful Argentine First Lady of the 1940s and '50s known as Evita - has had her clout both at home and abroad diminished to the point that Argentine pundits are even discussing whether she might soon resign. While that's unlikely, the rest of her term promises to be a slog, and her husband's widely discussed plans...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

...Federal prosecutors balked at Sorkin's suggestion and demanded a 150-year sentence. "He engaged in wholesale fraud for more than a generation," said Marc Litt, an assistant U.S. Attorney, in a note to the judge. "The sheer scale of the Madoff fraud calls for severe punishment...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

...tampered with before police arrived. Then there's the confession, in which Knox said she was at the house during the killing but blamed her boss, bar owner Patrick Lumumba (who was later cleared). The document was signed without a lawyer present and is inadmissible, but prosecutors produced another note in which, they say, Knox reaffirmed her declaration...

Author: /time Magazine | Title: Spotlight: Amanda Knox | 6/29/2009 | See Source »

...project: Passerby contribute questions via notecards and Monsarrat answers them on the back, displaying the cards on a black cylinder for the world to read.  The mastermind behind the project estimates he’s received 2,000 queries at this point, and was quick to note that this bests postsecret.com. More questions after the jump...

Author: By Molly M. Strauss | Title: Any Questions? | 6/29/2009 | See Source »

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