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Soccer's inflationary economics is simply good business in the current market - the real estate experience reminds us that bubble-economy behavior is perfectly rational until the bubble bursts. But there are certainly risks. The current combined debt load of the English Premiership clubs is about $12 billion ($3 billion...

Author: /time Magazine | Title: Soccer's Billion-Dollar Players | 8/3/2008 | See Source »

In the often bizarre system of weights-and-measures used by the apartheid state to classify people for purposes of separating them, Chinese South Africans were first deemed "Asiatic," then "Colored," and finally "the Chinese Group, which shall consist of persons who in fact are, or who, except in the...

Author: /time Magazine | Title: A Chinese Color War | 8/1/2008 | See Source »

Even the most irascible voter recognizes that their leaders need a break from time to time. So why should we care where our leaders vacation? "We assume we're much more rational than we are, that we look at a politician and a party and we assess their policies and...

Author: /time Magazine | Title: Reading Into Leaders' Vacation Spots | 7/30/2008 | See Source »

Most reasonable people agree that the Earth is warming, and that humans are the main cause. But even reasonable people disagree on what we should do about it. At one end are the true believers, like physicist James Hansen, who recently argued that oil executives should be put on trial...

Author: /time Magazine | Title: The Global Credit Crisis | 7/20/2008 | See Source »

How disturbing, then, to come to the U.S. in 2008, and find that faith in science has diminished from the White House to this hip Brooklyn neighborhood where numerous palmists operate. One part of me wants to laugh at what is happening and to make trouble for poor Julia. But...

Author: /time Magazine | Title: Mystical Mischief in New York | 7/16/2008 | See Source »

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