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...consumer high-tech industry, it's all about the reveal. Technologies become outdated so quickly that electronics companies need massive momentum for sales during products' first few months on the shelves - and for that reason, if the annual Consumer Electronics Show in Las Vegas didn't already exist, someone would be sure to invent it. The biggest event of the year for gadget geeks, it's where early adopters go (or what they read about) to plan their wish lists for the upcoming year...

Author: /time Magazine | Title: The Consumer Electronics Show | 1/8/2009 | See Source »

...prices any more than the next guy, but I would rather put the money to good use in the U.S. than send it to OPEC. The American people have demonstrated beyond a doubt that they can and will get by with less gas if there is a compelling reason in the form of a higher price at the pump. The enormous, unstated side benefit of Kinsley's proposal is a huge step toward energy independence. Who did not enjoy seeing the OPEC ministers being forced to reduce production because of reduced demand in the U.S. and worldwide? I wonder...

Author: /time Magazine | Title: Inbox | 1/8/2009 | See Source »

Forget Athens and Sparta, Sodom and Gomorrah, Dallas and Fort Worth. Of all the cities whose destinies have been twinned for one reason or another, few can match the intensity of the love-hate relationship between Paris and New York. For much of the past century, the City of Light and the City That Never Sleeps have competed feverishly for leadership in culture, couture and coolness, even as they freely exchanged influences and expatriates...

Author: /time Magazine | Title: A Tale of Two Cities | 1/8/2009 | See Source »

...will miss 2008. Stock markets tanked. Government budgets bled as billions went to bail out banks. Thousands lost their jobs or their homes, or both. Yet amid the gloom there was one reason to celebrate as the year ended: filling your car with gas got cheaper with each day. After hitting a high of $147 a barrel in July, world oil prices have crashed to their lowest levels since 2004. By Jan. 7 the cost of oil for February delivery was around $43 a barrel - less than half the price of a year earlier. Goldman Sachs last month predicted that...

Author: /time Magazine | Title: Oil's Sinking Fortunes | 1/8/2009 | See Source »

This is, after all, what Congress decreed in 1980 for producers of actual toxic waste. Under the Superfund law enacted that year, polluters pay for the messes they make. Environmental lawyer E. Michael Thomas sees no reason lawmakers couldn't demand the same of financial polluters and force them to ante up some of the bank-bailout money. "This is a directly parallel policy judgment," he says. "It's beautiful in its simplicity, and it's also beautiful in its justice...

Author: /time Magazine | Title: Economy Cleanup: Clawback to the Future | 1/8/2009 | See Source »

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