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...great blunders of presidential-campaign history. "Senator McCain, what economy are you talking about?" Barack Obama exclaimed hours after the words escaped his opponent's mouth. The mocking TV ads soon followed, and as the weeks wore on and financial jitters gave way to near collapse and certain recession, McCain's statement began to evoke unsettling memories of Herbert Hoover, who said similar things in the early 1930s...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...Answer to Cancer: Prevention The extraordinary missed opportunity in fighting cancer centers on the lack of primary prevention: avoid, reduce and eliminate exposure to carcinogens [Oct. 6]. Shamefully, the National Cancer Institute invests only a minuscule amount to prevent cancer, opting predominantly for a posteriori treatment. Mortality for certain cancers has decreased slightly in the past few years, but the incidence of cancer has not. With more than 100,000 chemicals and formula combinations on the consumer market and less than 5% being evaluated for cancer-causing potential, now is past the time for identifying chemical and environmental carcinogens. James...

Author: /time Magazine | Title: Inbox | 10/16/2008 | See Source »

...grow rich is to open your country - open your economy at home, open your companies to trade with the world, and open up your politics. But the new state capitalists challenge that wisdom. They encourage private enterprise and foreign investment. At the same time, they retain control of certain key industries, like oil or automaking, use state support to grow these industries, and then unleash state-backed firms into the global marketplace. Mostly authoritarian regimes, the state capitalists also keep a lid on politics by using growth to co-opt their middle classes...

Author: /time Magazine | Title: Central Command | 10/16/2008 | See Source »

...case, warnings had been sounded for some time, including from inside the company. In an internal memo published in Australia's Fairfax newspapers in August, a disgruntled executive complained of a "culture of greed." In other companies, he wrote, "acquired projects are actually required to generate a certain benchmark return before bonus payouts take place. Instead, we have created an environment where senior people are rewarded for ... ginning up rosy projections to justify their rewards...

Author: /time Magazine | Title: End of the Toll Road? | 10/16/2008 | See Source »

...McCain at times a reckless one, it may reflect reality as much as reflexes. "Two candidates aren't starting on a level playing field," argues Russell Riley of the Miller Center of Public Affairs. "We hear a lot about John McCain throwing Hail Mary passes. Well, there are certain times in football games when a Hail Mary pass is called for." At a time when the gop is in shambles and its brand worth about the same as mortgage-backed securities, any Republican candidate would need to change the dynamic of the game. You can judge how well he throws...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

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