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...took gambles that today would be unthinkable. Imagine they built an airliner and it just plummets from the sky. Can you imagine if the federal government worked with the airliners that flew it and the company that built it to cover up the fact that they built a weak plane...

Author: /time Magazine | Title: Revealing the Titanic's Secrets | 10/1/2008 | See Source »

...recent black politician whose candidacy has been seriously affected by Klan opposition. "They haven't been a significant factor for many years in American politics," he says, calling the White Knights' announcement a "publicity stunt." And many students say the plan for "invisibility" makes the Klan seem weak, not intimidating, and insist that no one on campus has any interest in entertaining the group's views. "Take our indifference," the Daily Mississippian's editorial board wrote in an open letter to the Klan on Sept. 16, "as the ultimate symbol of your failure...

Author: /time Magazine | Title: Unwelcome Visitors at the Ole Miss Debate: The Ku Klux Klan | 9/26/2008 | See Source »

...Overall: Went for a solid, consistent performance to introduce himself to the country. He did not seem nervous, tentative, or intimidated by the event, and avoided mistakes from his weak debate performances during nomination season (a professorial tone and long winded answers). Standing comfortably on the stage with his rival, he showed he belonged - evocative of Reagan, circa 1980. He was so confident by the end that he reminded his biggest audience yet that his father was from Kenya. Two more performances like that and he will be very tough to beat on Election...

Author: /time Magazine | Title: Grading the First Presidential Debate | 9/26/2008 | See Source »

Banks also learned lessons from the 1997-98 financial crisis, which was partly caused by weak risk management. Lenders haphazardly tossed money at conglomerates for questionable industrial projects and property investments, and they chased high-yield, high-risk investments around the globe. But they paid the price in bank and finance company failures. In August 1997 Thailand closed 42 finance companies, Indonesia closed 16 banks two months later, and South Korea closed 14 merchant banks in December 1997, according to Merrill Lynch. Others were sold or merged. Those that survived cleaned up their act. Credit analysts are more thoroughly trained...

Author: /time Magazine | Title: How Asia's Bankers Avoided Crisis | 9/22/2008 | See Source »

...market oriented U.S. government steps in to bail out much of America's financial-services industry and China revs its own state-run economy. "There is a paradox that as the state elsewhere returns to play a prominent role in managing national economies, in Italy the state is too weak to handle this situation," says Goldstein. The Italian economy seems to suffer from the worst of both worlds: inadequate state and inadequate market. At least they do it in style...

Author: /time Magazine | Title: What if Alitalia Fails? | 9/22/2008 | See Source »

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