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...world's economists have been nearly unanimous in saying that only a coordinated, worldwide effort can stem the current credit crunch and companion market meltdown. Their proposed solutions include: cut interest rates, recapitalize the banks and insure deposits; get governments to step in and guarantee short-term interbank lending. "The first good thing about this situation is that it does not call for different central banks and Treasuries to do different things, but rather for them all to do the same thing in unison without fouling each other's oars. That should be relatively easy to arrange," wrote University...

Author: /time Magazine | Title: Can the G-7 Save the World from Financial Chaos? | 10/10/2008 | See Source »

...suspend disbelief, how do you know the limit? MR: It should be credible, and I tried very hard to make at least the possibility of its existence seem real. For example, for Astrophil [a mechanical, magic tin spider that is Petra’s constant companion], I mention how metal amplifies sound, so that Astrophil can actually speak and even shout. He also eats oil. When you are “world building,” people will oftentimes judge how well you built your world. They want to know: Is the culture believable? Does it feel like...

Author: By Naomi C. Funabashi, CONTRIBUTING WRITER | Title: Children's Author Discusses Imagination in Stories and Life | 10/9/2008 | See Source »

...making exercise. Prince consorts with sexy twins, wears fabulous coats, jewelry and sunglasses and has a game of cat and mouse with a maid. He reveals nothing, offering instead a fantasy creature: a nocturnal, poetic avatar. Is the book an attempt to get people to pay $50 for the companion CD of Princely after-hours recordings, Indigo Nights, or to elevate music to a new luxury item? As Prince might say, that...

Author: /time Magazine | Title: Prince In Print | 10/2/2008 | See Source »

...Timmons, who is not leading the effort, is working on the McCain transition-planning with former Navy Secretary John Lehman Jr., a friend and traveling companion of McCain's who runs an investment bank and recently served on the national commission that investigated the terrorist attacks of Sept...

Author: /time Magazine | Title: McCain Taps Lobbyist for Transition | 9/12/2008 | See Source »

Textbooks in the U.S. are so expensive that even used versions can give students a sharp pain in the wallet. The 7th edition of Francis A. Carey's Organic Chemistry - a standard text for pre-med students - costs $213 new and somewhere around $150 used. Add to that the companion study guide ($113 new; $90 used) and a student would pay between $326 and $240 for just one class. With four to five classes a semester - many assigning multiple textbooks - the costs...

Author: /time Magazine | Title: Outsourcing the Textbook | 9/4/2008 | See Source »

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