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...joyous affair. Going into the final day's play, in fact, all signs suggested a narrative of torment, inner demons and redemption in the clutches of the body's inexorable decline. That was all taking place in the livin'-large form of 53-year-old third-round leader Greg Norman. But on the final day, the Australian thrashed and grimaced his way to yet another near-miss at a major championship. As one of golf's great comeback stories unraveled in Birkdale's wispy rough, it was a chap named Paddy, with a big grin and sparkling eyes, who stole...

Author: /time Magazine | Title: Harrington Beats Norman at Birkdale | 7/20/2008 | See Source »

...They're vital and craggy in this film. Faces jump off the screen and leech into your memory. Homer, a round-faced Freddy Fender type, and Tommy, the Valentino wannabe, and Yvonne, despair stamped on her prettiness. At the Ritz, bit players become stars for a second, like the toothless gent sucking on a beer bottle. Mackenzie's sense of portraiture is less stark and sensational than that of his contemporaries Robert Frank, Diane Arbus and Weegie, less hagiographic than the work of his predecessor Edward Curtis (whose photographs of Amerindians provide the film's opening montage). He just knows...

Author: /time Magazine | Title: Exiles on Indie Street | 7/18/2008 | See Source »

...Possibly - but SWFs may want better deals. In the first round of recapitalization, SWFs took small (less than 10%) stakes in financial giants including UBS and Citigroup by purchasing preferred or convertible shares without voting rights. In return, the funds got fairly high interest payments and the chance to buy into institutions at what they thought were cheap prices. They've since suffered losses on the order of 30-50%. SWFs might be wary of coming back for more unless they get more control, along with greater opportunities for synergies between Western banks and their own domestic financial systems...

Author: /time Magazine | Title: Investing: That Sinking Feeling | 7/17/2008 | See Source »

...esoteric and unfamiliar - neither of which applies to Ethiopiques, one of the hippest acts of the summer of 08 that recently played both London's high-tone Barbican theater and the rather more déclassé Glastonbury Festival. And even though the music is certainly not from round these parts, its hooks and grooves are ones any veteran soul-boy or jazzer can relate to: funky brass, swirling organ, growling sax, rippling congas, ecstatic vocals - this is not the sound of a national culture struggling to make itself heard over the global noise of pop. Rather, these are artists...

Author: /time Magazine | Title: Ethiopia: Another Nation Under a Groove | 7/15/2008 | See Source »

...good chance do a little shopping, take in some culture, and impress the folks back home. So it was for Bashar al-Assad, the President of Syria (which was once ruled by France under a League of Nations Mandate). Over the past weekend, Syrian state television has been beaming round-the-clock images of the Syrian President and his tres chic First Lady making the scene in the City of Light: Bashar at a summit for Mediterranean leaders, Asma at the Louvre and Centre Pompidou, and both of them as official guests of French President Nicholas Sarkozy at Bastille...

Author: /time Magazine | Title: The Syrians Take Paris | 7/14/2008 | See Source »

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