In this issue
Edition: South Pacific
Edition: South Pacific
No. 12
COVER
How AIG Became Too Big to Fail
(United States)
Years of unregulated and risky deals exposed the insurance giant to catastrophic losses. Now it's paying bonuses to the same people who created the mess. With our money. A look at why a dark corner of the global economy is costing taxpayers $170 billion
ASIA
The New Great Game
How Asian nations are taking advantage of Burma's isolation and scrambling for the country's riches
ARTS
Ian McKellen: The Player
(Theater)
Ian McKellen is the greatest British stage actor of his generation though it took his onscreen turns to finally prove it
WORLD
Islam's Soft Revolution
(Islamic Revolution)
Across the Muslim world, a new generation of activists, bloggers and preachers is discovering ways to synthesize Islam and modernity
GLOBAL BUSINESS
Cash for Clunkers
(Economic Stimulus)
Governments are trying to restart their seized-up auto industries by giving consumers reasons to start buying cars again
Dark Vision (Global Investing)
Economist Nouriel Roubini saw the crisis coming. Now he expects a "near depression" unless leaders take stronger action
Charity Crunch Time (Corporate Conscience)
As the recession bites, companies struggle to get more out of their philanthropic spending
LETTERS
Inbox

Cartoons of the Week
Who Will Inherit Joel Stein's Kid?
The Weekly Acoustic News
Asterix at 50: The Comic Hero Conquers the World
Silvio Berlusconi and the Politics of Sex
Pictures of the Week
Short List: TIME's Weekly Critics' Picks
Piecing Together Nabokov's Last Novel
Photos: Peru's Sacred Glacier Is Melting
New Moon Review: Team Jacob Ascending