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...course, not all economic metaphors are as long-lasting as the housing "bubble." Back in the beginning of 2008, when we were all still skittish about actually using the word recession, one metaphor some people turned to was that of an economic "undertow": it takes you out to sea. But undertow didn't make it into the canon - do you ever hear people talking about how much the undertow is easing up? - which leads to an important lesson...

Author: /time Magazine | Title: 'Green Shoots': The Trouble with Economic Metaphors | 5/22/2009 | See Source »

...pulling a blank sheet of paper from his brief case, writing his resignation on it, and handing it to chairman Barney Frank. Liddy is too class an act to have done that. He at least waited until AIG has reached a more stable state and left without a word of anger...

Author: /time Magazine | Title: Behind Ed Liddy's Departure from AIG | 5/22/2009 | See Source »

Todd, Chuck •the word "credible" is applied to Cheney by - really, "credible," he actually said it - as part of the contemptible media effort to portray the immediate following of a presidential speech about national security by Cheney's self-serving defense of the beyond-disastrous policies he was the architect of as some kind of battle of equals...

Author: /time Magazine | Title: Paul Slansky's News Index: This Preposterous Week | 5/22/2009 | See Source »

Iran's latest missile test may have less to do with advancing its military capability than with getting a last word in on Monday's conversation between President Barack Obama and Israel's Prime Minister Benjamin Netanyahu. After all, the weapon whose test-firing was announced Wednesday by President Mahmoud Ahmadinejad on the election campaign trail does not significantly extend the reach of others already in Iran's arsenal. Instead, it appears to have been a ballistic message, to Iranian voters as well as to the U.S. and its Mideast allies, that Iran isn't about to be intimidated into...

Author: /time Magazine | Title: Iran's Missile Test: A Message to Obama | 5/22/2009 | See Source »

...breakfast stall kicked a wok and burned a vendor with scalding oil. In late April, a law-enforcement officer posted on the Internet parts of a manual that instructed officers on how to beat suspects without leaving marks, sparking harsh criticism from bloggers and the domestic press. The word chengguan has even taken on an alternate meaning in Chinese. "Don't be too chengguan" is an appeal not to bully or terrorize. In other words, chengguan has literally become synonymous with violence. (Read "Tiananmen Ghosts: The Secret Memoir of a Fallen Chinese Leader...

Author: /time Magazine | Title: Above the Law? China's Bully Law-Enforcement Officers | 5/21/2009 | See Source »

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