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...where do we go from here? Is the recent turmoil just a short-term correction in a rising trend, as the Goldilocks crowd maintains, or are we faced with the beginning of a bear market? I believe it's the latter. For a start, monetary conditions and international liquidity have tightened as a result of slower credit growth and a housing slump in the U.S.-and no matter how much money the Fed injects into the system, housing is unlikely to recover swiftly because ultimately prices depend not only on money creation but also on demand and supply. Equally ominous...

Author: /time Magazine | Title: The Pain Isn't Over Yet | 3/8/2007 | See Source »

...report sketched a timeline of the unending turmoil between the Sunnis and the Shi'ites, two sects quite similar at first glance but harboring a mutual hatred that has burned for centuries. Readers believed that with such a venomous history, Iraq will need more than the U.S.'s plan to return to stability...

Author: /time Magazine | Title: Letters: Mar. 19, 2007 | 3/8/2007 | See Source »

...hear lots of younger people saying they'll vote for Le Pen to deny Sarkozy the presidency - or vote for Le Pen just to throw France's establishment into turmoil," Smahi says, noting the party will gladly accept all ballots, regardless of motive...

Author: /time Magazine | Title: Not Your Father's Anti-Immigrant Right | 3/8/2007 | See Source »

...Grigorovich quit after more than three decades as artistic director, but his departure brought only more turmoil. A battle between those allied to the outgoing leader - a communist supporter and strict authoritarian - and those seeking change polarized an already embattled corps of dancers and musicians. Leadership changed hands four times between 1995 and 2004, including a stint by famed former principal dancer Vasiliev, who was unceremoniously dismissed in 2000 by Russian President Vladimir Putin himself. The short-lived replacements were all part of Russian ballet's insular old guard. "They were doing Sleeping Beauty the way it had always been...

Author: /time Magazine | Title: Retaking Center Stage | 2/22/2007 | See Source »

...Valentine’s Day, many of us observed a different holiday: S.A.D.—Singles Awareness Day. Despite constant repetition of the mantra “Valentine’s Day is a Hallmark scam,” we spent the day in secret, inconsolable inner turmoil. Now that the weekend is here, we can finally take advantage of that tried and true emotional balm: alcohol. And what better way to enjoy our loneliness than with a bottle of pink champagne (or any spirituous beverage), and the 2004 romantic tragedy “Closer...

Author: By Jillian J. Goodman, CRIMSON STAFF WRITER | Title: SCREENSHOTS: 'Closer' | 2/15/2007 | See Source »

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