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...utterly international nature of our present economic hell makes it all the scarier. But in the long run, I think we will also see an upside: the meltdown amounts to a spectacular moment of global consciousness, this generation's version of the Apollo astronauts' iconic 1968 photograph of the earth from the moon - an unforgettable reminder that all 6.7 billion of us are in this together, profoundly and inextricably interdependent. (The sublime always has a bit of terror mixed...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...athletic-shoe company I called first took a very long time getting back to me. Like past now. Same with the adult-beverage conglomerate and the hotel chain. I started to get worried when the cable station, broadcast network and sports league turned me down. There is nothing scarier than wanting to sell out and discovering that no one wants...

Author: /time Magazine | Title: This Journalist Is Brought to You by ... | 3/12/2009 | See Source »

Working in Widener Library is far scarier than dealing with a global economic crisis that has paralyzed markets from New York to Mumbai, at least for Ngozi N. Okonjo-Iweala ’77. The World Bank managing director once spent a summer working in Widener, a job she describes as “awful...

Author: By Niha S Jain, CRIMSON STAFF WRITER | Title: Alumna Leads World Bank in Crisis | 12/8/2008 | See Source »

...capacity for dynamic growth. For a time, a majority of Americans agreed. Taxes and regulations were cut and cut again, and for the most part, the economic pie grew. In the 1980s and '90s, the garden of American capitalism became a pretty energetic place. But it became a scarier place too. In the newly deregulated American economy, fewer people had job security or fixed-benefit pensions or reliable health care. Some got rich, but a lot went bankrupt, mostly because of health-care costs. As Yale University political scientist Jacob Hacker has noted, Americans today experience far-more-violent swings...

Author: /time Magazine | Title: The New Liberal Order | 11/13/2008 | See Source »

...cynicism is coming from the brutally candid earnings that guidance companies have been providing lately. "What management is saying on these [conference] calls is basically 'Life sucks,'" says Van Dijk. (He titled his investment report for the close of October "Halloween Comes Early: The Drop in Earnings Expectations Is Scarier Than Any Witch or Werewolf That Shows Up at Your Door...

Author: /time Magazine | Title: A Dismal Earnings Outlook on Wall Street | 10/31/2008 | See Source »

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