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...mountainous profits amassed during Britain's years of plenty. But for more recent buyers, now stuck with rising interest payments on ever less valuable houses, there is mounting fear - and a belated realization that property is not a one-way bet, after all. "It's always good to remind people that investing in long-term, expensive assets is a risky business," says Michael Ball, professor of urban and property economics at the University of Reading Business School. The current wobble has "brought a good dose of realism to the market...

Author: /time Magazine | Title: Trouble at Home | 5/21/2008 | See Source »

...leans leftward, because liberals are still going to vote for the Democrat. Why pick Teddy when you can have Franklin? Instead, McCain should persuade voters that his deal is squarer than his opponent’s. His rhetoric needn’t be ugly, only firm. He also should remind conservatives why he’s worth the vote—he’ll need every one of them in November...

Author: By Brian J. Bolduc | Title: The Maverick in the Arena | 5/19/2008 | See Source »

...panacea. Former Federal Reserve Chairman Alan Greenspan argued in the Financial Times on March 16 that “we will never have the perfect model of risk.” Amidst a paradigm-shifting financial crisis originated at the core of financial markets, Greenspan felt the need to remind the audience of the FT that despite the amazing complexity of existing models and their relative success for many years, the very fact that they are an abstraction of reality makes it impossible for them to flawlessly predict where the market will go tomorrow. They will perhaps work as they...

Author: By Pierpaolo Barbieri | Title: The Uncertainty Principle | 5/19/2008 | See Source »

...wonder what sort of anti-Israel, soft-on-terrorism nutjob said this after the elections that brought Hamas to power in 2006: "So the Palestinians had another election yesterday, and the results of which remind me about the power of democracy ... Obviously, people were not happy with the status quo. The people are demanding honest government. The people want services ... And so the elections should open the eyes of the Old Guard there in the Palestinian territories ... There's something healthy about a system that does that...

Author: /time Magazine | Title: Hamas Hysteria | 5/15/2008 | See Source »

...remind us all of the difference in quality between the extraordinary, demanding films we hoped to see at Cannes and the over-buttered popcorn movies we have to review the rest of the year, Delta screened Mad Money, a drab, witless heist comedy starring Diane Keaton, Queen Latifah and Katie Holmes. Of the two traveling Corlisses, one hadn't seen the movie before. She watched the thing, sank slowly under its dead weight and then emerged with this cheerful thought: No matter how bad the films are at Cannes, they won't be worse than this...

Author: /time Magazine | Title: Can Cannes Still Do It? | 5/14/2008 | See Source »

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