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...knew this was bad news," says Song Seng Wun, regional economist at CIMB-GK Research in Singapore, who like other market-watchers believes some sort of bailout plan will get through. Unlike U.S. taxpayers, market actors in Asia aren't overly concerned about details like limiting golden parachutes extended to disgraced CEOs of bankrupt financial companies, or whether the U.S. government gets enough equity for their investment. "They just want something to be passed," notes Kowalcyzk...

Author: /time Magazine | Title: World Markets React with Caution to US Crisis | 9/30/2008 | See Source »

...that this was a fantasy. They broke away from Likud and created the centrist Kadima ("Onward") Party three years ago. Now, as Olmert hands the reins to Tzipi Livni and leaves office amid a corruption scandal, he's made a series of stunning departure statements that form a swan song of historical importance. Peace advocates, Israeli dreamers, Arab skeptics and U.S. mediators in a future McCain or Obama Administration should read his words carefully and take note...

Author: /time Magazine | Title: Olmert's Lame-Duck Epiphany About Palestinian Peace | 9/30/2008 | See Source »

...occupation of Gaza. Yet for the last year, at the tragically belated coaxing of the Bush Administration, Olmert, who replaced the ailing Sharon in 2006, has been quietly engaged in a revival of negotiations with Arafat's successor. Like Olmert's willingness to enter those talks, his swan song amounts to an admission that Israel never went quite far enough in accommodating the Palestinians' basic requirements for peace...

Author: /time Magazine | Title: Olmert's Lame-Duck Epiphany About Palestinian Peace | 9/30/2008 | See Source »

...have one sweeping break-up song on the album, "Cologne." In the middle of the song you mention the NASA astronaut who wore diapers and drove 18 hours to murder her ex-boyfriend. Why did you put such a weird story in the middle of an otherwise sweet song...

Author: /time Magazine | Title: Ben Folds | 9/29/2008 | See Source »

...free-music model looks like it may end up costing MySpace and other providers more than they had originally bargained: In an agreement announced Sept. 23, the music industry said it planned to adopt a sliding fee scale for free-music-streaming sites; instead of the 9.1 cents per song that is currently paid to songwriters, composers and producers, streaming sites will now owe about 10.5% of their overall profits. For listeners, however, the music will still be 100% free...

Author: /time Magazine | Title: MySpace Music: Not the Only Free-Music Game in Town | 9/29/2008 | See Source »

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