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...numbers are stunning. Governments around the world hold nearly $5.5 trillion dollars in reserves-an amount greater than the gross national product of any country except the U.S. China has by far the largest horde, with over $1.3 trillion in the till and almost one-quarter of the world's total. But the rest of Asia is far from poor: Japan holds more than $900 billion, Taiwan and South Korea together own over $500 billion and India's reserves crossed $200 billion this year, up more than 30% from a year ago. About two-thirds of these reserves are denominated...

Author: /time Magazine | Title: Greenback Mountain | 7/19/2007 | See Source »

...games till somebody loses his head. As anybody who has even looked sideways at the Internet knows, anonymity has a disastrously disinhibiting effect on human behavior. Freed of any possibility that their words will be connected to their actual identities, anonymous Internet posters have charted historic new depths of verbal offensiveness. Andrew Keen, author of The Cult of the Amateur: How Today's Internet Is Killing Our Culture, has called for posters to own up to their Internet alter egos, arguing that "if we are to save the Internet, we need to confront the curse of anonymity...

Author: /time Magazine | Title: The Price of Anonymity | 7/19/2007 | See Source »

...enjoy comfortable relationships with men that include sex but no hint of marriage--like the fiftysomething Nashville, Tenn., woman whose male friend comes to town for a handful of visits each year. "He's someone I know and trust," she says. "The sex is great, and we stay up till 4 a.m. talking...

Author: /time Magazine | Title: Who Needs a Husband? | 7/5/2007 | See Source »

Single women are used to hearing this complaint, and most don't buy it. "Some in my family think I'm not stopping till I find perfection," says Henneberry. "I don't feel like that. I just want the one who makes me go, 'Finally.'" Harvard sociologist Carol Gilligan notes, "There's now a pressure to create relationships that both men and women want to be in, and that's great. This is revolutionary." Even Ellen Fein, co-author of the notorious 1996 dating guide The Rules, says her man-chasing disciples don't settle for just anyone. "Most...

Author: /time Magazine | Title: Who Needs a Husband? | 7/5/2007 | See Source »

...honor student Hermione Granger in the Harry Potter series, the British actress believably delivers goody-goody lines like, "I'm going to bed before either of you comes up with another clever idea to get us killed, or worse, expelled!" New projects: The Potter series has Watson booked till 2010. The fifth movie, Harry Potter and the Order of the Phoenix, is due in July. Good girl factoid: During the filming of Prisoner of Azkaban, Watson put director Alfonso Cuaron's Hair in pigtails...

Author: /time Magazine | Title: Hollywood Raises Good Girls, Too | 6/15/2007 | See Source »

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