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...Angel's Game, Spanish novelist Carlos Ruiz Zafón's prequel to his mega-best-selling The Shadow of the Wind, a young writer in early 20th century Barcelona finds that he may have sold his talents and his soul to the worst of bidders. Pulpy, melodramatic and compulsively readable, The Angel's Game is the second of a proposed four books set in Barcelona. Ruiz Zafón spoke to TIME about his obsession with storytelling, the e-book revolution and why the media don't care about literature...
...products always presents a particular challenge, since riding the cotton pony is nobody's favorite topic of conversation. (Unless you count some feminist academics.) Menstruation remains, if not taboo, then still pretty damn awkward to talk about. Hence the number of euphemisms this story employs. (See the best and worst Super Bowl commercials...
Pyongyang has taken an equally self-destructive position on food aid. Thanks to bad floods in 2007, food shortages last year were likely the worst experienced since the 1990s. The World Food Program (WFP) says it has launched a program to feed 6.2 million people in North Korea, or more than a quarter of the population. Yet in March, North Korea, without explanation, rejected all food aid from the United States, its largest official donor, and kicked five aid groups distributing the food out of the country. The step is potentially disastrous for the North Korean people. The WFP figures...
...drags on, the odds are increasing that more of StanChart's borrowers will struggle to pay back their loans. The bank's nonperforming loans were up 30% in 2008 compared with the previous year. Even though some Asian economies, chiefly China and India, appear to have passed through the worst of the downturn, analysts still doubt StanChart can repeat 2008's performance this year. Brokerage CLSA predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest single worry...
...stretches of uninterrupted growth. That's over, and the transition to whatever comes next will, if history is any guide, be messy. From 1970 to '82, the U.S. economy was hit by four downturns, two of which (1973-75 and 1981-82) until recently competed for the title of "worst since the Great Depression." The current recession has undisputed claim to that title. And while we may be about to climb out of it, don't be surprised if we endure more downturns. Think of a W shape--maybe multiple...