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...network of international trading and personal contacts that shape New York, London and Hong Kong facilitate their key industry. If the 19th century was the age of empire and the 20th one of war, so the 21st century, to date, is an age of finance. It is the banks and investment houses, the mutual funds and money managers, taking in their clients' cash and spreading it around the world, who have made today's global economy what it is. In Victorian times, London alone could fulfill this function. (The city funded enterprises all over the world, including much...

Author: /time Magazine | Title: A Tale Of Three Cities | 1/17/2008 | See Source »

...address one of the Sunnis' key grievances, but will it really help bring the violently opposed sides closer together? Early signs are not good. Salim Abdullah al-Jubori, a parliamentarian and Accordance Front spokesman, said the issue of tens of thousands of Sunni prisoners held without trial remains a major division. "Unfortunately, we are not seeing any kind of flexibility from the government," he said. And right on cue, shortly after Rice left the Green Zone, a volley of mortars went flying in. No one was sure who fired them...

Author: /time Magazine | Title: A Rare Iraqi Accord | 1/17/2008 | See Source »

...bonding them to us. Oxytocin--a hormone sometimes called the cuddle chemical--surges in new mothers and, to a lesser extent, in new fathers, making their baby instantly irresistible to them. One thing grownups particularly can't resist doing is picking a baby up, and that too is a key to survival. "Babies need physical contact with human hands to grow and thrive," says Lisa Diamond, a psychologist at the University of Utah. Years of data have shown that premature babies who are regularly touched fare much better than those who aren...

Author: /time Magazine | Title: Young Love | 1/17/2008 | See Source »

...Duma Key, his first novel set in Florida, inevitably followed. Named after a fictional reef, it concerns Edgar Freemantle, a wealthy man who loses his right arm in a construction accident and moves to a lonely island that seems to grant him the power to paint surreal, sometimes premonitory images. At its core, the book is about creativity and its relationship to physical and mental healing?King's continuing attempt to address his own mortality years after his near death...

Author: /time Magazine | Title: King's New Realm | 1/17/2008 | See Source »

...during the evening, unexpected VIP stature: the crew skipped to the front of the line at several clubs. "We got in faster because of Mandy. People thought, These guys are important people," Barker says. He's considering hiring her again, perhaps for his upcoming 30th-birthday weekend in Key West, Fla. "Celebrities are always whining about people following them around," he says. "We're like, Are you kidding? That's our dream...

Author: /time Magazine | Title: Your Own Personal Paparazzi | 1/17/2008 | See Source »

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