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There used to be a popular idea, up until a few days ago, that the world's economies had "decoupled." The United States, though worth 29% of the planet's GDP, no longer controlled the economic fate of everyone else, the thinking went, thanks to the rise of the global consumer, Europe selling to Asia, Asia selling to Asia. And so the increasing number of signs that the U.S. was headed toward recession - falling retail sales, weak jobs numbers, a cratering real estate market - were not really so worrisome. Even if growth in the U.S. lagged, everyone else would...

Author: /time Magazine | Title: Why the US Economy Still Matters | 1/22/2008 | See Source »

While the presidency of Serbia is a largely ceremonial role, electing the President has become a barometer of popular - and thus political - sentiment. In the first round of voting on Jan. 20, ultra-nationalist candidate Tomislav Nikolic won the most votes, 1.6 million or 39.4% of the ballots cast. The incumbent President, pro-Western Boris Tadic, came in second with 35.4% or 1.4 million votes. The contest is now headed for a Feb. 3 runoff...

Author: /time Magazine | Title: Nationalism Rising in Serbia? | 1/21/2008 | See Source »

...Merit vs. Mediocrity Richard Corliss's recent suggestions in "How to Save the Awards Shows" were shameful [Jan. 14]. Any intelligent film reviewer knows that the best films and the most popular flicks are usually light-years apart in quality. Are the Academy Awards about honoring good filmmaking, or are they about trolling for viewers for the telecast? Shouldn't everyone be more concerned that the better films of the year get the attention they deserve? Stephen J. Miller, Orlando, Florida...

Author: /time Magazine | Title: Inbox | 1/18/2008 | See Source »

...Oscars can be faulted for anything, it's not for nominating obscure movies. Perhaps at its inception, popular films had the greatest artistic merit. But in a year in which intellectually void, flashy crowd pleasers (like 300 and Transformers) and idiotic supposed comedies (like Wild Hogs and Rush Hour 3) were among the highest-grossing films, how can Corliss justify suggesting that the awards go to more popular films? Discounting Ratatouille, you have to scroll way down the rankings to find anything that warrants consideration - like Charlie Wilson's War, No Country for Old Men and Juno. Moneymaking could...

Author: /time Magazine | Title: Inbox | 1/18/2008 | See Source »

...popular Atlanta nightclub a couple of years ago maintained separate web sites aimed at black and white crowds, on which it promoted nights designated for each audience. Friday night at another club, the Velvet Room, typically sees the line out front dominated by black people, while the DJs inside spin hip-hop, reggae and R&B. The following night finds the same trendy venue packed with whites and some Asians, dancing to a blend of hip-hop, pop and techno...

Author: /time Magazine | Title: MLK's Dream Doesn't Reach his Hometown's Dance Floors | 1/18/2008 | See Source »

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