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...restore investor confidence, Icelandic banks and government officials have emphasized their economy's unflagging strengths in a charm offensive directed at ratings agencies and investors. Iceland is the fifth richest country in the oecd; the prices of its largest exports, aluminum and fish, are at record highs. "The Icelanders are richer than us," says British economist Portes. "They're not exactly going to starve." (Iceland's gross national income per capita is $39,400, compared to the U.K.'s $35,300.) What's more, the banks remain fundamentally sound: they have strong deposit ratios and are more profitable than their...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

ROBBIE KNIEVEL breaks Dad's record by jumping over 24 Coke Zero trucks. Remember when it was all about the daredeviling...

Author: /time Magazine | Title: Pop Chart | 5/29/2008 | See Source »

...meal. Insect lovers like Gordon argue that entomophagy--the scientific term for consuming insects--could also be a far greener way to get protein than eating chicken, cows or pigs. With the global livestock sector responsible for 18% of the world's greenhouse-gas emissions and grain prices reaching record highs, cheap, environmentally low-impact insects could be the food of the future--provided we can stomach them. "This is an idea that shouldn't just be ridiculed," says Paul Vantomme, an officer at the U.N.'s Food and Agriculture Organization, which recently held an entomophagy conference in Bangkok...

Author: /time Magazine | Title: Eating Bugs | 5/29/2008 | See Source »

...like Natalie Wood and Judy Garland." He was taken with that part of the business. But he was smart enough to know he could cover that with a more offbeat intellectual style. That was his great gift, his ability to connect the more commercial with the abstract. His track record shows that his instinct was always to go with stars and large films. And at one point I said, "Why don't we just get a handheld and go out and do a little black-and-white?" I just don't think he was that interested in that...

Author: /time Magazine | Title: A Director Who Aimed for the Stars | 5/29/2008 | See Source »

...McCain had been leaning on current and former lobbyists for months in part because he's never had a grassroots fund-raising operation akin to Obama's. As a result, he had to shoot down questions about all the special pleaders working for his campaign. "These people have honorable records," he said in February. "And they're honorable people." But his new policy, which was stricter than what some senior advisers favored, undid all that straight talk and prompted a weeklong purge inside the campaign. A number of lobbyists were tossed over the side overnight, generating resentment. Most...

Author: /time Magazine | Title: Team McCain: Ready for Prime Time? | 5/29/2008 | See Source »

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