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...Japan, which just abandoned nearly six years of zero interest rates. Second, authorities are concerned about the risks of incipient inflation. So-called core inflation gauges have accelerated in a climate of sharply rising energy prices. Determined to avoid the mistakes of the 1970s, central banks have been quick to tighten in response. This changes the rules of engagement for investors, who are now being denied access to the cheap funds they were putting to work chasing higher-yielding investments in emerging markets or subprime corporate debt. Indeed, stocks and bonds in emerging markets, which soared when money was plentiful...

Author: /time Magazine | Title: Risk Adjusted | 7/23/2006 | See Source »

...what are we to make of the growing corporate defiance of elementary grammar? At a job fair I attended, AT&T Wireless solicited sales reps with the question, if it was a question, "Are you ready to put your skills to work. Like the way you're a quick study. How you're good at finding solutions." Take that, you irritating, irrelevant English 101 professors...

Author: /time Magazine | Title: Guys Just Want to Have Fun | 7/23/2006 | See Source »

...those first years after the war, first base was as far as an American novelist could safely go. Spillane made the most of what little sexual license he had. Of a brief encounter with Lola in My Gun Is Quick Hammer rhapsodizes, "Her mouth was a soft bed of fire, her tongue a searching thing asking questions I had to answer greedily." In French kissing, as in all other aspects of a Hammer courtship, the woman is the aggressor. In the movies of I, the Jury and The Girl Hunters, the actor playing Hammer (Biff Elliot in the first, then...

Author: /time Magazine | Title: The Prince of Pulp | 7/22/2006 | See Source »

...English director-producer Victor Saville. "I always thought that Saville would have the sense to do what was right," Spillane told Collins. "He never did." The result was four '50s big-screen adaptations: three cheap little dogs (I, the Jury, The Long Night and My Gun Is Quick) and one large, strange, rabid animal (Kiss Me Deadly...

Author: /time Magazine | Title: The Prince of Pulp | 7/22/2006 | See Source »

...Long Night, with Anthony Quinn as a non-Hammer hero with amnesia, is a drab affair, and My Gun Is Quick buried its chance at B-minus competence with another unknown, inapt Hammer, Robert Bray. You might say that Spillane should always have played him, as he does in the 1963 The Girl Hunters. (Richard Wright, of Native Son fame, is the only other best-selling novelist I know who played his own major character in a movie. Anyone know others?) But that would be to overrate Spillane's hulking amateurism. He has fun in the movie, but maneuvers only...

Author: /time Magazine | Title: The Prince of Pulp | 7/22/2006 | See Source »

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