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...mutual interest, cultural heritage and sometimes gloopy sentiment that bind Washington and London. Globalization and "shifts in geopolitical power" mean that both countries are inevitably forming new and deep alliances with other players, and talk of a "special relationship" is increasingly misleading, says the report. "The overuse of the phrase by some politicians and many in the media serves simultaneously to devalue its meaning and to raise unrealistic expectations about the benefits the relationship can deliver to the U.K." (See the top 10 most outrageous MP expense claims...

Author: /time Magazine | Title: Why Britain's Affair with the U.S. Is Over | 3/29/2010 | See Source »

...Smith did not have it wrong. It's just that some of his self-proclaimed disciples have given us a terribly incomplete picture of what he believed. The man himself used the phrase invisible hand only three times: once in the famous passage from The Wealth of Nations that everybody cites; once in his other big book, The Theory of Moral Sentiments; and once in a posthumously published history of astronomy (in which he was talking about "the invisible hand of Jupiter" - the god, not the planet). For Smith, the invisible hand was but one of an array of interesting...

Author: /time Magazine | Title: What Would Adam Smith Say? | 3/25/2010 | See Source »

...memory of the disappeared of the Argentine military dictatorship, whose own faces were seized by intolerance and totalitarianism. I invite you to do the same. No profile photo. Never again," the updates went on, finishing off with an allusion to the title phrase of Argentina's 1984 CONADEP National Commission on the Disappeared...

Author: /time Magazine | Title: Argentines Remember the Disappeared on Facebook | 3/25/2010 | See Source »

...Israelis might counter that the current Palestinian leadership with which it is being asked to negotiate has questionable political authority over its own people.) Still, the Obama Administration appears inclined to force Netanyahu to make a choice between pursuing a peace process whose contours "everybody knows" - to borrow his phrase - and being put in a diplomatic time...

Author: /time Magazine | Title: Netanyahu Heads Home, Still at Odds with the U.S. | 3/25/2010 | See Source »

...also love to talk back. This year, the Oscars' In Memoriam clip reel conspicuously ignored the passing of Farrah Fawcett; within moments, Farrah Fawcett was a top phrase on Twitter's real-time "trending topics" list. When an unidentified woman Kanye'd the Best Documentary Short director, barging onstage and taking the mike as he gave his acceptance speech, viewers were baffled - unless they were following Twitter, whose hive mind quickly deduced that she was the film's producer, kept from accepting the award after a falling...

Author: /time Magazine | Title: Twitter and TV: How Social Media Is Helping Old Media | 3/22/2010 | See Source »

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