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Iceland is getting used to this. Over the past six months its currency has collapsed, its largest banks have all failed and been nationalized, and its economy has imploded. Today the tiny (pop: 320,000) nation became the first to lose its government to the global financial crisis. Addressing the press, Iceland's Prime Minister Geir Haarde announced the resignation of his cabinet and the collapse of the current coalition government. The Conservative leader said that he could not "accept the Social Democratic demand that they would lead the government...

Author: /time Magazine | Title: Global Financial Crisis Claims Iceland | 1/26/2009 | See Source »

...turn-of-the-century teen pop craze: "The moment Erik Bradley knew boy bands were taking over the world came on June 28, 1998 at the New World Music Theater near Chicago. 'NSync, the hunky young pop stars who'd just had a radio hit with 'I Want You Back' were opening the outdoor show. Bradley was backstage. The band was hanging out in its trailer before its brief set. Bradley smelled something odd. It seemed to be coming from a large metal fence, covered with a blue plastic tarp, which separated the bands from the performers. Then he realized...

Author: /time Magazine | Title: The Music Biz: Murder or Suicide? | 1/22/2009 | See Source »

...album is sold in a highly desirable hardcover edition, with postcards of the original movie posters and an inlaid film strip. But that's really just a bonus. Fun, edgy and eclectic, Retrochine isn't old Chinese pop with a contemporary twist; it's music for the 21st century...

Author: /time Magazine | Title: Shaw Thing | 1/22/2009 | See Source »

...around, there's a sense of pop culture trying to feel its way toward the next thing, the new tone, whatever it might be. On 24, Jack Bauer is getting philosophical about torture. American Idol is trying to be nicer to its bad singers. Even Clint Eastwood's hit Gran Torino--in which a racist retiree snarls at Asian gang bangers to "get off my lawn" as he protects a young Hmong neighbor--is ultimately not the reactionary return of Dirty Harry but the 20th century grouchily giving way to the 21st...

Author: /time Magazine | Title: Pop Goes Washington | 1/21/2009 | See Source »

...Sacramento mountains checkerspot butterfly is unique, found in all the world only on 2,000 acres of high meadow in the village of Cloudcroft, N.M. (pop. 768, altitude 8,640 ft.), and the adjoining Lincoln National Forest. The 2-in. checkerspot colorfully floods Burro Street, Cloudcroft's main drag, every summer, and it takes its scientific name--Euphydryas anicia cloudcrofti--from the town that shares its habitat...

Author: /time Magazine | Title: Postcard from Cloudcroft | 1/21/2009 | See Source »

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