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...Romanian Ieu 17% and the Czech koruna 12%. Latvia has now followed Romania in seeing its government bonds labeled as junk by Standard & Poor's rating agency. (Its government was forced to quit two weeks ago). Once lauded as darlings of global capitalism, these countries now warn of social and political unrest if their economies are allowed to collapse. (See pictures of the global financial crisis...

Author: /time Magazine | Title: As the Crisis Bites, Splits Open Up in Europe | 3/2/2009 | See Source »

...ironies of art history that Paul Cézanne used to warn young painters, "Beware of the influential master." Could there have been a more influential master than he? "The master of us all" is what Henri Matisse once called him, by which he surely meant himself, Pablo Picasso, Georges Braque, Piet Mondrian and any of the other pioneers of modernism. Fernand Léger once told an interviewer about his "battle to quit Cézanne," as though he were a narcotic. "Then one bright day," Léger insisted, "I said, 'Zut!'" (See pictures of Cezanne...

Author: /time Magazine | Title: The Master of Us All | 2/26/2009 | See Source »

...similar to the one in the U.S., and in a study of the relatively confined residents of Britain's Isle of Wight, rates of peanut allergies among toddlers doubled from 1989 to 1994. While prevalence in Asian countries, where peanuts are a popular dietary add-in, remains low, experts warn that could simply be the result of spottier awareness, diagnosis and reporting of allergic reactions in those nations. (Read "Allergies Nothing to Sneeze...

Author: /time Magazine | Title: Why We're Going Nuts Over Nut Allergies | 2/26/2009 | See Source »

...Alzheimer's Society's Montgomery-Smith thinks singing sessions may work similarly, by dredging up distant memories associated with the music and stimulating memory-retrieval mechanisms in the brain. But many other Alzheimer's activists warn that putting too much hope in claims of so-called "hidden cognitive rehabilitation" will only distract from the urgent need to find a cure. "There are so many things that you can't overcome with Alzheimer's - we can't get too excited by these low-tech treatments. They can help patient care but they will never deliver a solution," says Susanne Sorensen, head...

Author: /time Magazine | Title: Advances for Alzheimer's, Outside the Lab | 2/23/2009 | See Source »

Vengeance is mine, saith the Lord, except that right now everyone wants a little piece of it. The mob has been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand $700 billion to fix the problem. Most members of Congress were so spooked they were ready to write a check, until their phone lines started melting with the angry voices of taxpayers demanding details about the likely return on the investment. But even the minimal strings attached did not prevent...

Author: /time Magazine | Title: In Defense of the Recession Blame Game | 2/12/2009 | See Source »

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