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...network, and early reviews question whether AT&T's slower edge network will hurt the speed of the iphone's web browsing. AT&T spokesman Mark Siegel says connection speeds can vary widely depending on where and how the phone is used. Some info, like maps, stock quotes and weather updates can load in seconds. But if sites regularly crawl for a full minute before loading, memories of the old days of screeching dial-up may burst the iPhone bubble...

Author: /time Magazine | Title: What Could Sink the iPhone | 6/29/2007 | See Source »

...main way partners in private equity and venture capital--and some hedge funds--are paid. The outside investors in a fund give the inside partners a share of profits (an interest) as compensation for their work. Compensation, whether the weekly pay of wage slaves or risky executive remuneration like stock options, is usually taxed as regular income at rates as high as 35%. But for reasons having mainly to do with the muddled history of partnership law, carried interest is taxed instead at the 15% capital gains rate...

Author: /time Magazine | Title: Blackstone: Too Rich for Congress | 6/28/2007 | See Source »

...demand--and receive--the same assurance of safety that Western consumers do. David Zweig, a scholar at the Hong Kong University of Science and Technology, compares China's brand of capitalism to the Wild West. It's an apt analogy. In late 19th century America, snake-oil salesmen were stock characters of the western frontier. They became notorious for their dangerous, counterfeit cure-alls, and there were no laws to stop them. By 1906, Americans had had enough bad medicine, and Congress passed the Pure Food and Drug Act, which led to the creation...

Author: /time Magazine | Title: The Growing Dangers of China Trade | 6/28/2007 | See Source »

FANS ARGUED ABOUT IT: WAS he better at bull riding or bareback riding--or just the greatest rough-stock rider ever? One thing was not in dispute: Hall of Famer Jim Shoulders, the "Babe Ruth of rodeo cowboys," had an unusual tolerance for pain. Among the bones he broke while riding to a record 16 world championships in the 1940s and '50s: both arms (twice), his collarbone (three times) and 27 bones in his face. After breaking a hand during a ride, he switched to the other one and won. His celebrity expanded in the early '80s when he sparred...

Author: /time Magazine | Title: Milestones Jul. 9, 2007 | 6/28/2007 | See Source »

...purported in building the Gibraltar Tunnel include increases in trade and cooperation as well as development of communications. But attempts by both governments to solicit part of an estimated $10 billion budget from the European Union are not reassuring. Since the completion of the English Channel tunnel, shares of stock that funded the project lost a great percentage of their value and operator Eurotunnel is limping with minimal hope that freight and passenger train traffic will increase...

Author: By Patrick JEAN Baptiste | Title: Big Dig in the Mediterranean | 6/28/2007 | See Source »

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