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Call it a mixed curse. The insurance industry is about to absorb the biggest loss in its history, with the total liability from the World Trade Center attacks now estimated at $40 billion or more. So how have some insurance stocks, such as AIG and Swiss Re, chalked up big gains since Sept...

Author: /time Magazine | Title: The Wages of Fear | 12/3/2001 | See Source »

...would have taken months to happen. It compressed monetary policy and corporate restructuring. It quickened the blowout in markets and catalyzed the crash in consumer sentiment. So rather than a long and frustrating U-shaped bottom, we're getting a jolting V. In Japan, which has no margin to absorb shocks, the V will be particularly sharp going down. China will stand out like a beacon of light in Asia as its economy grinds ahead...

Author: /time Magazine | Title: Forward Thinking | 12/3/2001 | See Source »

...public school system espouses only a diluted version of secular humanism and a weak idea of tolerance. It has become a moral vacuum. Inspiring teachers are prohibited from discussing their moral or religious convictions with their students, and some students absorb this sour nihilism in dangerous ways. Recently, four teenagers in the Boston area were arrested for plotting a sick, heartless killing spree in their high school. Mass murders, gang activity and violence in public schools are now all too common. When will we learn that students in schools without positive moral aspirations will sink into festering amorality, alienation...

Author: By Richard T. Halvorson, | Title: Redeeming Virtues In Schools | 11/29/2001 | See Source »

...just a souped-up skateboard, but the elegant blue-and-black StreetCarver boasts a high-tech suspension system, inspired by BMW's 5 Series sedans, that lets riders tilt their boards sharply into curves without losing their center of balance. The 30-in. fiber-glass-and-plywood deck helps absorb shock, while extra-large wheels, mounted on flexible aluminum axles, provide added stability. Air bags not included...

Author: /time Magazine | Title: Best Inventions: Best Of The Rest | 11/19/2001 | See Source »

...time is rewarded. We learn to think causally, to debrief large texts, to read fast (and if we can’t do that, we learn how to get by on very little sleep), yet what is shortchanged is our ability to critique the writers we read, to absorb their arguments and to grapple with their ideas—to think critically and creatively. Let me now provide a translation: we are able to process a large amount of information in a minimum amount of time, a skill which is unsurprisingly coveted by firms which operate on the Golden Rule...

Author: By Sue Meng, | Title: The Vanishing Life of the Mind | 10/25/2001 | See Source »

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