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There's a celebrated scene in dostoyevsky's classic novel The Gambler in which a wealthy, 75-year-old Russian grandmother takes a seat in a casino and watches a young man pile up his winnings at the roulette table. After a few minutes, she nudges the narrator, and instructs him: "Tell him to stop and take his money with him. Soon he will be losing - yes, losing everything that...

Author: /time Magazine | Title: Red Tide at the Casino | 9/25/2008 | See Source »

...result of some weird law that only a physicist could explain: the force of the blast would detach the bomber's head and throw it up and away, too fast for the blast to destroy it. So there it would be, the head, sitting on a pile of bricks or underneath a telephone pole...

Author: /time Magazine | Title: The Forever War | 9/23/2008 | See Source »

...bailout plan in some kind of perspective: Paulson would rule over a pile of assets that exceeds the annual Pentagon budget of $507 billion by nearly 50%. For at least the next year, and perhaps for years after, Treasury's spending authority will make it harder for the next President to fulfill campaign promises and pump money into new priorities. Depending on how Paulson's power is structured, it could even postpone new federal spending on health-care reform or infrastructure improvements, or hasten the need for increased taxes and deep spending cuts. A similar challenge faced incoming President George...

Author: /time Magazine | Title: After the Financial Crisis, a Cleanup That Changes Everything | 9/22/2008 | See Source »

...bunk that firms like Lehman and Bear Stearns were serving upabout having adequate capital to cover losses on their unsellable inventories of CDOs? Perhaps you remember when Bear tried to take its pile of garbage, dress it up and dump it wholesale on the suckers in a public offering. That one got laughed off the market...

Author: /time Magazine | Title: Getting Suckered by Wall Street — Again | 9/16/2008 | See Source »

...film's strivers and connivers. The walk Pitt gives him, appropriate less for a guest on Dancing with the Stars than for a heretofore unclassified creature on Animal Planet, is the coolest thing in the picture--tied with the portentous percussion in Carter Burwell's underscoring, which in its pile-driving fashion builds suspense that never pays...

Author: /time Magazine | Title: Baffled After Seeing | 9/11/2008 | See Source »

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