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...That fact has apparently been forgotten. The very concepts behind the American economy are now frowned upon as the sources of the global recession. Instead we hear praise of China's "state capitalism" - the notion that semi-command economics can work better than Economic Man. And what of America's liberal political ideology, which used to inspire suppressed peoples everywhere? I recently gave a talk to about 30 students from China at a journalism class at a Hong Kong university. Riots had erupted in China's Xinjiang province between the indigenous Uighurs and Han Chinese immigrants only days before...

Author: /time Magazine | Title: American Lament | 10/12/2009 | See Source »

...Then again, the hypothetical Martian would also scratch his head at the notion of paper money. The dollar has no intrinsic value. It has become the world's storehouse of value because it is backed by the economic might of the U.S. If another super-economy emerges, be it the European Union, China, India, Brazil or Russia, then that new power's currency could replace the dollar as the world's reserve currency, just as the dollar replaced sterling in the last century. (See pictures of the best-selling cars in China...

Author: /time Magazine | Title: Why Investors Should Bet Against the Dollar | 10/12/2009 | See Source »

...pairs of twins in your book. Is there a reason that twins, in pop culture at least, are inherently creepy? Other than the Weasley boys in the Harry Potter series, you never really see twins portrayed in a happy way. I suppose one source of unease is this notion that you're not as unique as you think you are. And identical twins, of course, personify that. We don't like that. Or maybe we're drawn to it and repelled by it at the same time. Of course, I imagine a twin would look at the rest...

Author: /time Magazine | Title: Audrey Niffenegger on Her Ghostly New Novel | 10/9/2009 | See Source »

...fuss nature of the recipes they prepared, Kolman and Holmberg presented an appetizing introduction to a generally misunderstood way of life. They wisely avoided a pedantic strategy in favor of a more interactive presentation; with inventive takes on classic dishes and snacks, they attempted to dispel the notion of vegan cuisine as hippie, organic food reminiscent of cardboard...

Author: By Eunice Y. Kim, CRIMSON STAFF WRITER | Title: With New Cookbook, PETA Reworks Pita, Other Vegan Foods | 10/9/2009 | See Source »

...work on the social origins of dictatorships, Moore coined the phrase "No bourgeois, no democracy." It may be true that a middle class is necessary for the establishment of basic democratic rights, such as the vote. But the events of the past two decades have laid to rest any notion that the enrichment of a country provides an automatic impulse toward greater liberty. Remember the talk, after the fall of the Berlin Wall, about democracy arriving hand in hand with free markets? As people became economically secure, they would demand better governance, greater freedoms. But that hasn't been...

Author: /time Magazine | Title: Freedom's Loss | 10/5/2009 | See Source »

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