TIME Magazine
April 14, 2008 Vol. 171 No. 15

• COVER: The American Pope - On the eve of Benedict XVI's first papal visit to the U.S., a revealing look at his long fascination with America and how it is shaping his vision for the world
• BUSINESS: Holding Back the Flood - More financial regulation will mean less financial innovation. Maybe that's not such a bad idea
• ARTS & ENTERTAINMENT: Scorsese's Moonlighting Gig - As the acclaimed director takes on the Rolling Stones, Richard Corliss appraises his career in documentaries
• PEOPLE: 10 Questions for Helen Mirren - After playing royals ancient and modern, a hard-nosed cop and all manner of fantasy females, the Oscar winner has written a memoir, In the Frame. Helen Mirren will now take your questions

The New Paradigm for Financial Markets

In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of decades of study of how individuals and institutions handle the boom and bust cycles that now dominate global economic activity. “This is the worst financial crisis since the 1930s,” writes Soros in characterizing the scale of financial distress spreading across Wall Street and other financial centers around the world. In a concise essay that combines practical insight with philosophical depth, Soros makes an invaluable contribution to our understanding of the great credit crisis and its implications for our nation and the world.

For many, setting and keeping financial goals can be a very difficult discipline to learn, but McCarthy presents an excellent collection of tools that will benefit those seriously interested in taking charge of their own long-term financial strength. A finance writer and instructor, he demonstrates his skills in explaining complex facts in easy-to-understand, practical terms relevant to any listener. Key topics covered include creating and analyzing personal financial statements, setting up wills and estates, developing sound spending plans, and planning for retirement. Setting and achieving financial goals can easily involve much more than the obvious 401(k) structure, and this resource covers additional topics, such as insurance planning and preventing intestate proceedings. The mix of narrators, real-life examples, and sharp summary tips and major points make this highly recommended for all larger public libraries.ADale Farris, Groves, TX

Financial Lexicon is intended as a comprehensive financial reference book that explains the formal and informal terminology of finance. Structured as a dictionary, the book will contain clear and detailed explanations of common banking, finance and investment terms. It will include formal corporate business terms alongside the jargon that has entered business life. Terms defined in TFL will be drawn from all of the major sectors in the international capital markets and the financial industry.