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...Given that this is a political year and change is the buzzword, how do Barack Obama and John McCain intend to see us out of this mess? Good question. We don't know, and it's not at all clear that they've thought about it in greater than sound-bite depth...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

...tracked by the SEC, and found that 30% of all trades are short sales. And outfits including Goldman and Morgan Stanley are no strangers to going short in their proprietary trading strategies. All the short sellers are going to do is make the market react faster, he says. "The question is, Can the short seller take a firm down? The answer is no. Not by themselves. If there is nothing fundamentally wrong, all you need is a couple of smart people on the other side to show that they're wrong," says Asquith...

Author: /time Magazine | Title: Are Short Sellers to Blame for the Financial Crisis? | 9/18/2008 | See Source »

What would you write if you could write absolutely anything? This is the question that, as a reader, one imagined David Foster Wallace facing. Whereas ordinary authors resorted to the standard tricks of the trade--write what you know, look deep into your soul, whatever--Wallace seemed to have no earthly constraints. He knew everything and could look into anybody's soul he wanted to. Any writer in America would have killed for his talent, but the man to whom it belonged killed himself. On Sept. 12, Wallace's wife discovered his body at their home in Claremont, Calif...

Author: /time Magazine | Title: David Foster Wallace: The Death of a Genius | 9/18/2008 | See Source »

...There was one person on each station—antipasti, primi, secondi, and dolci—and I was to shadow the chef’s girlfriend Alessandra on sweets. Working 14 hours a day, six days a week, in a kitchen that spoke exclusively Italian, I started to question why I ever thought this apprenticeship had been a good idea. And when Alessandra switched to reception on the third night, leaving me solely responsible for the desserts, I started to question why they ever thought it was a good idea. Maybe cooking with my mother would have been enough...

Author: By Rebecca A. Cooper, CONTRIBUTING WRITER | Title: Learning to Make Food—Italian Style | 9/18/2008 | See Source »

...guardian angel encounter figures were "the big shocker" in the report, says Christopher Bader, director of the Baylor survey that covered a range of religious issues, parts of which are being released Thursday in a book titled What Americans Really Believe. In the case of angels, however, the question is a little stronger than just belief. Says Bader, "If you ask whether people believe in guardian angels, a lot of people will say, 'sure.' But this is different. It's experiential. It means that lots of Americans are having these lived supernatural experiences...

Author: /time Magazine | Title: Guardian Angels Are Here, Say Most Americans | 9/18/2008 | See Source »

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