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...fell 8.8%. Stock prices began dropping in Europe, then in the U.S. There was a perfectly rational pattern to the way prices tumbled: emerging-market stock prices fell more than those in developing countries. Small stocks lost more value than big stocks. Junk-bond prices fell while Treasury bonds rose. But why then...

Author: /time Magazine | Title: The Stock Market Rediscovers Risk | 3/1/2007 | See Source »

...approaching a seven-year high earlier in the week. Toyota, Sony et al would surely feel it if a slowdown in the U.S. proves sharper than expected. But will it? On the same day that the dismal durable-goods number came out, a monthly survey of U.S. consumer confidence rose unexpectedly, and so did the latest figures for existing U.S. home sales. In other words, a painful U.S. slowdown is not, by any means, a given. And for those who are suddenly taking their cues from China, there is also this heartening thought: the Chinese have just welcomed...

Author: /time Magazine | Title: Fear Factor | 3/1/2007 | See Source »

...approaching a seven-year high earlier in the week. Toyota, Sony et al would surely feel it if a slowdown in the U.S. proves sharper than expected. But will it? On the same day that the dismal durable goods number came out, a monthly survey of U.S. consumer confidence rose unexpectedly, and so did the latest figures for existing U.S. home sales. In other words, a painful U.S. slowdown is not, by any means, a given. And for those who are suddenly taking their cues from China, there is also this heartening thought: the Chinese have just welcomed...

Author: /time Magazine | Title: Behind China's Stock Meltdown | 2/28/2007 | See Source »

...findings on the brain and its relation to the human mind may be scientifically sound but philosophically defective [Feb. 12]. Scientists like to break a rose, say, down to its atomic and subatomic particles. Likewise, they view consciousness as merely impulses within the brain. While this is sound science, it dismisses other routes to truth and meaning, such as philosophy, history and theology. The whole is greater than - or at least different from - the sum of its parts. Richard W. Metz Sanibel, Florida...

Author: /time Magazine | Title: Rethinking U.S. Foreign Policy | 2/28/2007 | See Source »

Salaries for administrators at colleges and universities across the nation are increasing at their fastest rate in five years, according to a recent survey published by the College and University Professional Association for Human Resources. The median salary for senior-level administrators at higher education institutions rose by 4 percent this past year, compared to increases of 3.5 percent in 2005 and 3.3 percent in 2004. Also, in almost all job categories, salaries for administrators at public institutions showed a greater increase than the salaries of their private school counterparts. This is a reversal of the trend shown...

Author: By Jimmy Y. Li, CONTRIBUTING WRITER | Title: Increase in Higher Ed Salaries | 2/28/2007 | See Source »

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