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...different story at intelligently run companies like Goldman. They make money by understanding risk and managing it. If the firm as a whole doesn't make money, the traders and risk takers don't either...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...South Asian topics, or non-South Asians on South Asia, find no place on the latter shelf.) A book that “matters” enough to merit national pride often connotes a thick tome of realism—one that attempts to cram between its two covers either all the dramas of family life or an entire sordid cityscape.In practice, this drive toward realism prompts writers to turn to a set of stock cultural representations closely linked to historical portrayal by the west. And the issue hasn’t just got tweed-suited postcolonial theorists gnawing...

Author: By Jessica A. Sequeira | Title: The Occidental Tourist | 10/29/2009 | See Source »

...second prevailing myth of the Reagan Administration, quietly peddled by budget director David Stockman, went like this: O.K., supply-side economics is a phony, but we can use the growth of budget deficits as an argument for limiting the growth of government. That didn't work out so well either. The public demanded its entitlement programs - deficits be damned - and a strong defense, and loved having politicians who secured funding for a Yo-Yo Hall of Fame in their district. Deficits grew until the combined actions of George H.W. Bush and Bill Clinton caused the deficits to stop growing...

Author: /time Magazine | Title: Health Care: Do the Right Thing on Taxes | 10/29/2009 | See Source »

...come as a surprise to most Afghans, who have long considered his brother, Afghan President Hamid Karzai, to be an American puppet. The revamped allegations that Karzai frère is deeply involved in Afghanistan's annual $4 billion drug industry isn't much of a shocker either - on the streets of Kabul and Kandahar, the name Wali has long been synonymous with someone who can get away with a crime because he has friends in the right places. Diplomats, counternarcotics officials and commanders from the International Security Assistance Force, NATO's military wing in Afghanistan, have all privately...

Author: /time Magazine | Title: Karzai's Problem Brother: Drugs, Spies and Controversy | 10/28/2009 | See Source »

...grenade volley on the capital's only five-star hotel are clear indications that the city's protective perimeter - manned by Afghan security forces - was breached. If the CIA can't uphold law and order in Afghanistan, how can one expect Afghans, who haven't had much experience with either over the past 30 years, to do better...

Author: /time Magazine | Title: Karzai's Problem Brother: Drugs, Spies and Controversy | 10/28/2009 | See Source »

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