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...When the crunch comes, emerging markets in general could be hit hard, but those that have gone up the most-places like Latin America, India, Russia and China-are likely to fall the most. At times like these, investors should remember that, while buying during selling panics tends to yield superior returns in years to come, euphoric buying binges often prove a wise time to sell. In today's heady environment, I'd recommend building up cash positions, not least by lowering exposure to assets in overheated emerging markets. And if you must believe in fairy tales, try Little...

Author: /time Magazine | Title: Cruising to Disaster | 1/18/2007 | See Source »

...Breeders are constantly looking to produce the highest-quality, highest-yield animals they can. Just as crop farmers create hybrid strains that can resist drought and disease, animal breeders want to target healthy animals that are good milk or meat producers. Cloning such elite stock is one way to maximize their yield...

Author: /time Magazine | Title: Key Questions: Cloned Food at the Supermarket | 12/29/2006 | See Source »

...French are right that military action in the south of Afghanistan isn't making many friends for the West, and they at least have been consistent in counseling against NATO taking on a war-fighting role. But the Taliban isn't going to yield peacefully to the economic aid and civic encouragement aimed at bolstering the embattled government of Hamid Karzai. Security comes first. At Riga the alliance underwrote a still vague plan for a "Contact Group' that would involve neighboring countries and international organizations in the search for a solution for Afghanistan. But Washington's velvet-gloved relationship with...

Author: /time Magazine | Title: How NATO Chose to Fail in Afghanistan | 12/4/2006 | See Source »

...what? Chirac doesn't want a "rupture" from his self-preserving balancing act between right and left, which has left French society in aspic for the last 11 years. Does he want to block Sarkozy badly enough to countenance a Socialist victory? The next two months should yield an answer. But no one should put it past...

Author: /time Magazine | Title: Will Sulky Chirac Sabotage His Party? | 11/27/2006 | See Source »

...debate about what we should think about homosexual activity—it’s written in the Bible.” He makes a pretty compelling point. But one imagines that even the closest, most devout reading of the Good Book will not yield any loopholes concerning outspoken male prostitutes. So, either we’re reading Leviticus wrong, or it might be time for some debate...

Author: By Michael Segal | Title: Hate the Sinner, Love the Sin | 11/21/2006 | See Source »

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