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...optimists, the June data showed just how determined the Chinese government is to implement effective monetary countermeasures to fight the downturn. As Peking University finance professor Michael Pettis says, China is "throwing everything including the kitchen sink'' at the problem. There is no question that as a result of the flood of financing, a lot of Chinese have jobs they otherwise wouldn't. But, as Grant's Interest Rate Observer, an influential Wall Street newsletter, points out in its latest issue, "Massive injections of money and credit ... are always bullish before they are bearish." The newsletter draws worrying parallels between...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...news ticker, installed under President George W. Bush at a low point in diplomatic relations, from the windows of the American mission in Havana. The sign, used to annoy Cuban officials with pro-democracy messages, had been blocked by Fidel Castro with massive black flags. According to American University professor Robert A. Pastor, the act of goodwill "has permitted both sides to act like mature adults...

Author: /time Magazine | Title: The World | 8/10/2009 | See Source »

Among the many gray areas and judgment calls in law enforcement, disorderly conduct is one of the fuzziest. Just ask Harvard professor Henry Louis Gates Jr., arrested July 16 after yelling accusations of racism at an officer responding to a reported break-in at his home. Statutes outlining the misdemeanor are designed to help police maintain authority, and they are broadly worded; deciding what constitutes disorderly conduct is typically at an officer's discretion...

Author: /time Magazine | Title: Brief History: Disorderly Conduct | 8/10/2009 | See Source »

Americans have a long, sordid history with borrowed money. In Collateral Damaged: The Marketing of Consumer Debt to America, Charles Geisst, a professor of finance at Manhattan College, takes us through the centuries to explain how we wound up at our most recent - and spectacular - credit bubble. TIME's Barbara Kiviat spoke with...

Author: /time Magazine | Title: How Americans Got into a Credit-Card Mess | 8/8/2009 | See Source »

...talked to has had major cuts in financial support from the county that are going to start impacting service. I'm talking about cuts in the 20%-to-25% range across the nation." Jentzen worked as the chief medical examiner for Milwaukee County for 20 years before becoming a professor and director of forensic and autopsy services at the University of Michigan in Ann Arbor last year...

Author: /time Magazine | Title: Death in the Recession: More Bodies Left Unburied | 8/7/2009 | See Source »

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