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...trying to tell me the Icelandic banks were in terrible shape and that the country was a disaster area," he recalls. "Apparently I was risking my reputation by saying anything different." But not everyone responds to Iceland's plight with sympathy. Eileen Zhang, an Iceland expert at ratings agency Standard and Poor's, says cries of "Foul!" mask the country's feckless expansion: "Whether you call it an attack or you call it arbitrage, Iceland has put itself in this vulnerable position...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

...Larijani, despite his opening-day rhetoric against the IAEA, is widely viewed as the standard-bearer within the conservative establishment for pragmatism in domestic and foreign affairs. Besides serving in security posts, he is a former minister of culture and headed Iranian state television for a decade. A vital point of difference is that while Ahmadinejad has taken a provocative stance in the now-suspended negotiations over Iran's nuclear program, Larijani believes Iran's interests are better served with a constructive dialogue aimed at building Western confidence that Iran's uranium-enrichment activities will not be diverted into...

Author: /time Magazine | Title: Are Ahmadinejad's Days Numbered? | 5/29/2008 | See Source »

...chairman and CEO of Exxon Mobil, Rex Tillerson can arguably claim to have played a key role in delivering a record $40.6 billion in profit to shareholders last year. Yet many of them, including dozens of descendants of John D. Rockefeller, whose Standard Oil morphed into Exxon, don't want him to be chairman anymore. At the oil giant's annual meeting in Dallas on Wednesday, nearly 40% of shareholders voted to separate the roles of CEO and chairman atop the oil giant. It was more support than most such proposals get, yet still far shy of a majority...

Author: /time Magazine | Title: Splitting Power at the Top | 5/28/2008 | See Source »

...McCain's personal physician, Eckstein, said he hoped that the standard would be even more generous. "Age," he said, "should not be a limiting factor in this...

Author: /time Magazine | Title: McCain's Healthy Prognosis | 5/23/2008 | See Source »

...Recent star inductees have included Barbra Streisand, Clint Eastwood, and Sean Connery, joining such existing "legionnaires" as Robert De Niro, Pedro Almodóvar, Quincy Jones and Michelle Yeoh. Each may be a fine exponent of his or her craft, but none exactly rises to the Napoleonic standard of heroism. Even Wednesday's upgrade of Steven Spielberg from knight to officer grade in the Legion for "the body of his works, and his engagement for great causes like the memory of the Shoah and the conflict in Darfur" wasn't entirely in line with the institution's original objective...

Author: /time Magazine | Title: Celine Dion in Napoleon's Pantheon of Greatness | 5/22/2008 | See Source »

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