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...Edgar Valdez, 36, a Texas-born fugitive known as "The Barbie" because of his blond hair. Mexican officials allege that Valdez was behind the videotaped torture and killing of a rival gangster in Acapulco in 2005. Similar to an al-Qaeda propaganda film, the video triggered a wave of copycat movies posted on the Internet, raising the stakes in the Mexican drug war. Such a figure could unleash even more carnage if he were at the top of a cartel. (See how a drug lord placed on the TIME...

Author: /time Magazine | Title: Mexico Takes Down a Drug Lord. But Will It Make Any Difference? | 12/18/2009 | See Source »

...sightings in recorded history can be found in 4th century Chinese texts claiming that a "moon boat" hovered above China every 12 years. Other enthusiasts cite the Book of Ezekiel, in which a curious vessel dropped from the sky and landed in Chaldea, in modern-day Kuwait. A wave of sightings occurred near Rome in 218 B.C. and again in Germany in 1561. During World War II, Allied pilots coined the term foo fighters for the bizarre orbs of light that some insisted flew alongside their planes during combat...

Author: /time Magazine | Title: UFOs | 12/17/2009 | See Source »

...laughs really loudly and talks too much - about how the country is going in the wrong direction, about how regular Americans would have rebuilt the Twin Towers just as they looked before, about how he used to drink too much. If he were your neighbor, you might smile and wave every morning but not invite him to dinner too often because it would just be too much work. If Rush Limbaugh sounds arrogant and angry, Beck sounds like he might crack up. And yet his brand of conservatism, which blends ideological anger with a misty-eyed, almost fragile nostalgia...

Author: /time Magazine | Title: TIME's People Who Mattered 2009 | 12/17/2009 | See Source »

...while some of the biggest banks are healthy enough to pay back the government's emergency loans made from the Troubled Asset Relief Program, many smaller banks remain in crisis. So far this year the Federal Deposit Insurance Corporation has shut down 133 banks that succumbed to a tidal wave of loan defaults. "Given the state of the markets there's only so much we can do," to increase lending while limiting risk says one industry official...

Author: /time Magazine | Title: Obama vs. the Banks: The Pressure Intensifies | 12/13/2009 | See Source »

...obscure indigenous cohort in South America. But that has changed dramatically in recent months as a growing number of armed and masked Mapuche activists, pursuing a centuries-old claim to land they say was taken from them by the Spaniards and then the Chilean government, have engaged in a wave of arson attacks. Their assaults - torching forests, hijacking forestry trucks, seizing rural ranches - have created Chile's worst security crisis in decades. (See a story about a 120-year-old Mapuche warrior, from TIME's archives...

Author: /time Magazine | Title: Prosperous Chile's Troubling Indigenous Uprising | 12/12/2009 | See Source »

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