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...forecasts not only a worthless dollar but also a "collapse of our capitalistic system as we know it today," it's impossible to dismiss him out of hand. Second, the data point that has dollar worriers most alarmed - burgeoning U.S.-government debt - is for real. Finally, the global monetary setup we've had since the early 1970s (one with the dollar at its center) is looking rickety. Something has to give. (See pictures of the global financial crisis...

Author: /time Magazine | Title: The Dollar in Danger | 11/16/2009 | See Source »

...overvalued against the Chinese yuan (among other emerging-market currencies). That has contributed to big U.S. trade deficits and, as China built up a huge stash of dollars it needed to put somewhere, to the credit bubble that precipitated the financial crisis. There's widespread agreement that this setup has to change but little agreement about how to change it. Which is a risky situation...

Author: /time Magazine | Title: The Dollar in Danger | 11/16/2009 | See Source »

...will match cut-rate prices offered by their online brethren - Amazon and Newegg.com, for example - even if it means selling at a loss, just to get people into their stores. In other cases, they'll keep prices slightly higher but bundle in accessories and software or waive delivery or setup charges. (See how Americans are spending...

Author: /time Magazine | Title: Retailers Gear up for Black Friday | 11/13/2009 | See Source »

...shows are mere lures to the low plausibility bar of home viewers. Watching them costs nothing but time. It's a different matter to ask moviegoers to pay for The Fourth Kind, a movie that's all setup and [SPOILER ALERT!], with the exception of one creepy levitation, no payoff in the chill department. Osunsanmi is so dogged in pursuing his faux-doc style that he offers hardly a glimpse of extraterrestrials [END SPOILER ALERT]. You'd do better downloading an old Art Bell show - say, the one about the guy who put an alien in his freezer - than investigating...

Author: /time Magazine | Title: The Fourth Kind: Subnormal Activity | 11/6/2009 | See Source »

Going forward, the U.S.'s knowledge economy may be a setup for a greater degree of income equality, but it's certainly no guarantee. To take one small example, if we, as a society, decide that new areas of knowledge are eligible for strict patents and copyrights - and that that knowledge can then be cloistered within the lineage of the inventor - it will be easier for a parent to pass wealth onto a child and, as a consequence, keep that family richer than others. Economic systems matter. But we're still the ones in control...

Author: /time Magazine | Title: Information Economy May Shrink the Rich-Poor Gap | 10/29/2009 | See Source »

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