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...profits. Anybody who makes things that in recent years were bought on credit, from houses to washing machines to cars, is likely to be affected. So are stock prices. "Higher borrowing produces both higher profits and higher asset prices," writes London-based money manager George Cooper in his 2008 book The Origin of Financial Crises, "while falling levels of borrowing cuts both profit and asset prices...

Author: /time Magazine | Title: Economic Recovery: Will Corporate Profits Recoup? | 6/9/2009 | See Source »

...consume it, in one sitting, with a few friends and an English bartender. It was this very story that inspired food blogger Kate Hopkins to trek across the globe, from a 200-year-old distillery in Scotland to Maker's Mark House and Lounge in Kentucky, for her first book, 99 Drams of Whiskey. TIME spoke with Hopkins about different brands' personality types (for the record, Bushmills White Label is "the Julia Roberts of the whiskey world"), why drinking water with whiskey is key and whether "Mr. Disposable Income" got his money's worth for that $70,000. (See pictures...

Author: /time Magazine | Title: Whiskey: A Travelogue | 6/9/2009 | See Source »

...Your book also notes how whiskey labels are like historic artifacts. Canadian Club's history, for example, is closely tied with the Prohibition and Al Capone. One of the things that Canadian Club is realizing now is the fact that as they get further away from the Prohibition era, and those ties to gangsters, they can use that now as a marketing tool. Part of that is this rebellious nature of whiskey - there are more tall tales of whiskey than you'll see in wine or beer combined, I'm willing to bet. They want to make it larger than...

Author: /time Magazine | Title: Whiskey: A Travelogue | 6/9/2009 | See Source »

...cognitive challenge of working with solid things (preferably grimy, metal ones). He packs plenty of intellectual firepower into his polemic, quoting Aristotle in his own translation and sprinkling the text with erudite footnotes. Like Robert M. Pirsig's Zen and the Art of Motorcycle Maintenance, Crawford's book reveals both why we do what we do and why the way we do it is important. Craftsmanship counts: it not only shows how we value our work but also teaches us to value ourselves...

Author: /time Magazine | Title: The Skimmer | 6/8/2009 | See Source »

...interviews with current staffers). All agreed with Soufan: the best way to get intelligence from even the most recalcitrant subject is to apply the subtle arts of interrogation rather than the blunt instruments of torture. "There is nothing intelligent about torture," says Eric Maddox, an Army staff sergeant whose book Mission: Black List #1 chronicles his interrogations in Iraq that ultimately led to the capture of Saddam Hussein. "If you have to inflict pain, then you've lost control of the situation, the subject and yourself...

Author: /time Magazine | Title: After Waterboarding: How to Make Terrorists Talk? | 6/8/2009 | See Source »

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