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...First of all I think that's a good question," Gramm responded. But then he offered something of a personal credo: "I would be a little concerned about letting capitalism go, because it made me prosperous and free and it made my country prosperous and free...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...medieval disputation, one of those deep discussions in which 13th-century theologians debated the finer points of monotheism. In a highly anticipated panel discussion earlier this week at the international culinary conference Madrid Fusion, Ferran Adrià, Heston Blumenthal, and Andoni Luis Aduriz took on the pressing question of whether molecular gastronomy is for real. Considering that the three chefs are widely considered to be the leading practitioners of molecular gastronomy, it came as something of an ontological relief to learn that it - and thus they - do exist...

Author: /time Magazine | Title: Debating the Merits of Molecular Gastronomy | 1/23/2009 | See Source »

Geithner's rhetoric before the Senate raises the question: Is the less confrontational approach now history? The short answer: in tone, perhaps. But in substance, not a whole lot is likely to change. The young Treasury Secretary-designate knew the "manipulator" line would get a lot of attention, as it has. So the tone is already different. Further, though Beijing may not know this yet (and will be mortified to learn), some senior economic officials in the new Administration have made it plain that they have little use for SEDs. Some view them as pointless, time-consuming gabfests that accomplished...

Author: /time Magazine | Title: Behind Geithner's China-Currency Charge | 1/23/2009 | See Source »

...next week, so they can propose their ideas for the package. Despite the growing rumblings of both parties in the Senate, majority leader Harry Reid on Wednesday reiterated his pledge that Obama will have a bill to sign into law by President's Day on Feb. 16. But the question remains: Whose arms will the postpartisan President have to twist the hardest, Republicans' or Democrats...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...core question is whether Bolivia's lithi-leverage will eventually drive up the price of those batteries, which can already add about $10,000 to the cost of a car. Experts say that as production of the lithium-ion packs increases, they're actually getting closer in price to cheaper but less effective nickel-based batteries. Still, a big factor will be whether the demand for them rises as much as anticipated. "It is difficult to predict just how many electric vehicles we will see in the market," says Jennifer Moore, a spokeswoman for Ford, which hopes to have...

Author: /time Magazine | Title: For Lithium Car Batteries, Bolivia Is in the Driver's Seat | 1/22/2009 | See Source »

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