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...Today, China, the gulf nations and other state capitalists have amassed the largest sovereign wealth funds in the world. The world's state oil companies control some 90% of global energy resources. (Many of these companies invited in private investors in the 1990s only to throw them out later.) And by protecting parts of their economy at a time of massive global business consolidation, the state capitalists have built companies capable of competing, and winning, in industries that require scale. According to a study by the American Enterprise Institute research organization, unfree states have grown faster than politically free ones...

Author: /time Magazine | Title: Central Command | 10/16/2008 | See Source »

...euro still strong and economies seizing up around the globe - the foreign visitors that typically make up a third of Bonduel's clientele have been thinning out and spending less. To make matters worse, many French visitors to his restaurant, Au Bon Saint-Pourçain - a stone's throw from the Saint-Sulpice church in Paris' tony sixth arrondissement? - are also eating and drinking less than usual. "I've checked the accounts, and I know I'll make no profit this month," says Bonduel...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...offer basic medical coverage, including, in some cases, dental, vision and prescription-drug benefits. A few even throw in fancier perks like teeth-whitening or gym-membership discounts. So what's the catch? Not surprisingly, there's some fine print...

Author: /time Magazine | Title: Insurance for $30 a Month | 10/16/2008 | See Source »

...told by the very nice election-board workers that in-person early voters come in two varieties: the superinformed and the people Obama supporters pick up off the streets and throw into a van. You can tell the difference mainly by smell. The secretary who sits by the front door told me that I wouldn't see many old people, since they like to vote on Election Day so they can see their friends, get breakfast afterward and make a day of it. This made me think that we should hold elections for old people monthly, letting them vote...

Author: /time Magazine | Title: My Own Election Exit Poll | 10/16/2008 | See Source »

...easy portfolio of issues," she said. But she quickly learned how far underwriting standards had fallen. A year ago, she rang the alarm with mortgage lenders and said they were not doing enough to help borrowers meet their house payments. "I thought," she recalled, "they were going to throw tomatoes...

Author: /time Magazine | Title: The FDIC's Boss: Sheila Bair, America's Passbook Protector | 10/16/2008 | See Source »

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