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...corporate arm, ports-and-property conglomerate Dubai World, for a six-month payment standstill on its almost $60 billion of liabilities. The surprise hit stock markets in Asia and the U.S., while sending investors scrambling for safe havens like the U.S. dollar. Experts have since engaged in a rabid round of speculation over what the Dubai debt crisis might mean for the world economy. Some see the problem as little more than a big real estate bust. "I don't see what the big deal is," Willem Buiter, economist at the London School of Economics and Political Science, wrote bluntly...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

Night 2 couldn't help being more contemporary, even though Jerry Lee Lewis opened with a two-minute "Great Balls of Fire" that finished when he kicked over the piano bench. If they go another round, my money's on the bench. Aretha Franklin performed spirited duets with Annie Lennox and Lenny Kravitz, but the sparks started when Metallica, whose facial hair has always belied its sincerity, backed Lou Reed, Ray Davies and Ozzy Osbourne on two songs each, with impressive seriousness. Lead singer James Hetfield screamed, "Now that's rock 'n' roll!" after the Kinks' "You Really...

Author: /time Magazine | Title: School of Rock | 11/30/2009 | See Source »

Despite outplaying defending national champions Maryland for large portions of the 90 minutes, the 10th-seeded Crimson gave up a goal in each half—both against the run of play—and missed a penalty on its way to a third-round exit from the NCAA Tournament...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: End of the Road | 11/30/2009 | See Source »

...Read "The Next Round of the U.S.-Iran Nuclear Face...

Author: /time Magazine | Title: Yukiya Amano, the IAEA's New Nuclear Watchdog | 11/30/2009 | See Source »

...late for that to happen. One of the study's more interesting finds is that car-crazy regions that have begun to play catch-up, like Southern California, are also seeing fewer pedestrian deaths. Unreformed Sunbelt-sprawl centers like Atlanta and Houston round out the top 10 most dangerous cities; but Los Angeles ranks only 27th. "In L.A.," says Goldberg, "they've started to recognize that biking, walking and public transit are a big part of their future. It's a good sign that the pendulum is swinging back." One way states and local governments can bring that about...

Author: /time Magazine | Title: Florida's Deadly Hit-and-Run Car Culture | 11/29/2009 | See Source »

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