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...nation. Our courts, parliaments and associations set the collective rules of engagement that provide for the smooth and fair functioning of government, commerce and society. As the world becomes smaller, international bodies such as the United Nations and the World Trade Organization are playing similar roles on a global stage. Yet despite this growing clout (or perhaps because of it) the public's faith in institutions appears to be waning. On the eve of the World Economic Forum in Davos, we look at the reasons for this credibility crisis?and, in a series of profiles, get the bottom-up view...

Author: /time Magazine | Title: No More Heroes | 1/23/2006 | See Source »

After winning the first season, Kelly Clarkson took the stage to sing her first single: "Some people wait a lifetime/ For a moment like this." She was right. In fact, most of her audience is still waiting and probably always will. That's where the audition episodes come in: they show us that failure is not the end. Because of all the things that most bad auditioners have in common--loud clothes, a taste for the oeuvre of Celine Dion--the greatest is faith. Insulted and denied, they leave believing that the judges are idiots and fame is around...

Author: /time Magazine | Title: Beautiful Losers | 1/22/2006 | See Source »

...older. (In other words, you shouldn't be loaded up on tech stocks when Junior is, well, a high school junior.) Most plans you buy directly (i.e., without a financial adviser) include age-based portfolios. That means the fund company decides how you should be investing at each stage and automatically redistributes your assets...

Author: /time Magazine | Title: Money: Do 529s Pay? | 1/22/2006 | See Source »

...Desperadoes is a 120-member steel band that was formed in the 1940s, and has won Panorama 10 times since the competition's inception. "The musical arrangements are very intricate," he says. "Every player has been practicing this tune for up to eight weeks. Just to get on that stage to perform it to all those people, you're totally into the music and transported." It's definitely one of the most ecstatic-and sweatiest-musical gigs I've ever been to. The competition kicks off at 11 a.m. and lasts until sometime around midnight...

Author: /time Magazine | Title: Sheer Pandemonium | 1/22/2006 | See Source »

...Desperadoes is a 120-member steel band that was formed in the 1940s, and has won Panorama 10 times since the competition's inception. "The musical arrangements are very intricate," he says. "Every player has been practicing this tune for up to eight weeks. Just to get on that stage to perform it to all those people, you're totally into the music and transported." It's definitely one of the most ecstatic - and sweatiest - musical gigs I've ever been to. The competition kicks off at 11 a.m. and lasts until sometime around midnight...

Author: /time Magazine | Title: Sheer Pandemonium | 1/21/2006 | See Source »

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