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...just what we need now, a flu pandemic in the midst of the biggest financial crisis since the Great Depression." Amid the sell-off, travel industry stocks fell sharpest. Shares in Lufthansa, Europe's second-largest airline, tumbled by more than 12% before recovering slightly. Those of rival British Airways pulled back from similar lows, trading 8% down by mid-afternoon in London. Tour operators and hotel groups took similar hits. (See pictures of the swine flu outbreak in Mexico...

Author: /time Magazine | Title: Swine Flu Virus Infects World Stock Markets | 4/27/2009 | See Source »

...travel, investors sought the calm of safe havens. Both the dollar and the Japanese yen rose against major currencies. Defensive stocks, such as pharmaceuticals, registered healthy gains. Shares in Roche, the Swiss maker of Tamiflu, an antiviral drug effective against swine flu, had climbed almost 6% by Monday afternoon. Rival GlaxoSmithKline, which makes the influenza treatment Relenza, saw its shares rise even higher. (Read: "Swine Flu: 5 Things You Need to Know About the Outbreak...

Author: /time Magazine | Title: Swine Flu Virus Infects World Stock Markets | 4/27/2009 | See Source »

Blow up your browser! The Next Big Thing is the AfterWeb. Facebook made a monumental announcement Monday that seemed as though it was designed to one-up its supposed rival Twitter. But in fact, the real news is that Facebook, like so many others these days, is morphing away from a website, to something far more evolved...

Author: /time Magazine | Title: Facebook's Big Move Toward the AfterWeb | 4/27/2009 | See Source »

...site when he was struggling with an algebra course at Yale and discovered helpful Web lectures by the author of his textbook, MIT professor Gilbert Strang. Ludlow thinks every school should play more to its strengths and not be shy about letting a professor rely on a rival's superstar lectures. "That way, the students get a great lecture experience, and the professor has more time for question-and-answer," he says...

Author: /time Magazine | Title: Logging On to the Ivy League | 4/27/2009 | See Source »

Somalia is the most failed of failed states, but that doesn't make the pirates apolitical. They don't need a state. Piracy is their state. Trying to erect a livable society in Somalia would be to confront them with a rival, as we discovered once before. The pirates are not "desperate." They are well fed, crafty and competent. They are the maritime wing of the warlord culture that governs Somalia de facto and does so in such a way that its citizens don't eat. Whatever the root causes of Somali piracy, helping Somalia might be a worthy goal...

Author: /time Magazine | Title: No Surrender to Somali Pirate Thugs | 4/27/2009 | See Source »

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