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...when a book editor suggested Bernstein write a memoir, he countered with an ambitious proposal for an intellectual history. The result was Capital Ideas: The Improbable Origins of Modern Wall Street, an improbably charming tale of index funds, mathematical options-pricing models and new theories of corporate finance. It was a success, and Bernstein followed it in 1996 with a big best seller, Against the Gods: The Remarkable Story of Risk...

Author: /time Magazine | Title: Peter L. Bernstein | 6/22/2009 | See Source »

...many opponents see it as financial quicksand, certain the Orlando-Tampa high-speed line will end up costing much more than $2.5 billion. Still, free billions from Washington during a crippling recession are hard to pass up. Florida's bullet, as a result, may well be a train that's already left the station...

Author: /time Magazine | Title: U.S. Stimulus Puts Bullet Trains on the Fast Track | 6/22/2009 | See Source »

...result, it's been a busy weekend for U.S. intelligence. Spy planes and satellites are monitoring launch preparations at several North Korean launch sites, while other U.S. surveillance platforms are following the progress of the Kang Nam, a North Korean vessel suspected of ferrying banned arms, missiles or nuclear components. The destroyer U.S.S. John S. McCain - named for the father and grandfather of the Arizona Senator, both admirals - is trailing the 2,000-ton vessel. According to South Korean television, the ship is headed to Burma, a nation run by a military dictatorship and a suspected longtime buyer of North...

Author: /time Magazine | Title: The North Korean Showdown Ratchets Up | 6/22/2009 | See Source »

...millions of Iranians took to the streets of Tehran over the past week to protest the presidential-election results, exiled opposition group the National Council of Resistance of Iran (NCRI) saw its moment. "This uprising is the result of 30 years of murder, oppression and corruption by an Iranian regime we've dedicated our entire lives to fighting," Mohammad Mohaddessin, chairman of foreign affairs for the Paris-based group told TIME. "Even if protesters aren't calling for [the NCRI] to take power, it's only natural that, given our organization's experience, our clandestine networks are playing an important...

Author: /time Magazine | Title: In Iran Crisis, Paris Exile Group Plays Disputed Role | 6/22/2009 | See Source »

...triumvirate Iranians blame for the disputed election result and ensuing violence - Mahmoud Ahmadinejad, Supreme Leader Ali Khameni and their henchmen, the Basij militia - Iranians have added an unlikely candidate: state media. The wrath of many Iranians toward the state's all-powerful organ of propaganda, the Islamic Republic of Iran Broadcasting (IRIB), known in Iran as seda va sima, has been mounting over the past two weeks. It reached a fever pitch this weekend, as state television ignored the killing of "Neda," an Iranian woman protester shot on a Tehran street who has rapidly emerged as an iconic symbol...

Author: /time Magazine | Title: State Television Becomes a Focus for Iranian Anger | 6/22/2009 | See Source »

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