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...lenders call in their debts, companies go bankrupt-all of which is bad news for stocks, especially those that are priced as if risk no longer existed. Economic history is littered with periods of asset inflation that ended in tears. Just look at the bursting of the late-'90s tech bubble or the crash in homebuilder stocks that occurred when the U.S. housing market slowed last year...

Author: /time Magazine | Title: Cruising to Disaster | 1/18/2007 | See Source »

Flawed prescriptions each year kill more than 7,000 people in the U.S. and injure more than 1.5 million. To reduce such errors, a coalition of health-care companies and tech firms is launching eRX Now, a Web-based program that will enable all physicians in the U.S. to write electronic prescriptions for free. It will also let them check drug interactions and prevent illegible hand-writing--or smudged decimal points on dosages--from ending in disaster. The $100 million project, whose backers include Allscripts, Dell, Aetna and hospital groups, is targeting the 30% of M.D.s who write...

Author: /time Magazine | Title: An RX for Deadly Doses | 1/18/2007 | See Source »

...panel--"24 and America's Image in Fighting Terrorism: Fact, Fiction or Does It Matter?"--was not exactly Foreign Affairs journal material. Moderator Rush Limbaugh planted a full-on mouth kiss on actress Mary Lynn Rajskub (a.k.a. tech geek Chloe), and actors and producers took softball questions as audience members cheered what Limbaugh called the show's "pro-America" stance. (Among the crowd were pundit Laura Ingraham and Supreme Court Justice Clarence Thomas.) The weird spectacle put a point on a raging question in pop culture: Is 24 just a TV show or right-wing propaganda? Or, to turn Jack...

Author: /time Magazine | Title: The Evolution of Jack Bauer | 1/14/2007 | See Source »

...question, people say why do you talk to the Soviet Union is that what we were able to establish with the Soviet Union was a strong position of leverage over time. Whether it was sanctions that not only were aimed at Soviet military power, but at Soviet hi-tech. I remember once saying to someone, (inaudible) doesn't have a lot of phones. You go into an office in the Kremlin, there are 10 phones on the desk. Well, it's because we have denied them the switching technology that allows you to switch between lines...

Author: /time Magazine | Title: Q&A: Secretary of State Condoleezza Rice | 1/13/2007 | See Source »

...January 2004, Rumsfeld replaced the 101st Airborne in Mosul with a Stryker Brigade, one of his prized innovations. Instead of patrolling the streets on foot, the Strykers--about 5,000 strong, one-quarter the number of troops that Petraeus had at his disposal--dashed about in high-tech armored vehicles. They didn't do any of the local governance that Petraeus had done. They were occupiers, not builders, and put Iraqis in control of civic order. Within months, Mosul descended into chaos. "You win this thing with boots on the ground," a Stryker Brigade officer told a Knight-Ridder reporter...

Author: /time Magazine | Title: Good General, Bad Mission | 1/12/2007 | See Source »

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