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...gauges the options market's expectations of the 30-day volatility of the S&P 500 index. While the VIX has fallen from a high of over 80 last year to a new low under 23, it is still above its historical average of around 20. Eight years ago, after 9/11, it spiked to just over 40. Recently, stocks have reached new highs for the year, so a move down in the VIX is certainly reasonable. (Read "How to Know When the Economy Is Turning...
...York City-based writer Colin Beavan was casting around for a new book idea a few years ago - and fretting over the state of the planet - when he had an epiphany. He and his family - wife Michelle and baby daughter Isabella - would live for an entire year while making as little impact on the environment as possible. That meant no motorized transportation, no elevators, no nonlocal food, no caffeine and (eventually) no electricity. TIME talked to Colin and Michelle about the new book and documentary on their green year, No Impact Man, and why pulling the plug on modern life...
...started out this project in a state of despair over the fate of the planet and over your inability to do anything about it. After a year of no-impact living, how do you feel now? Colin: You know, a couple of years ago, when the publicity over this first started, I tried to tread gently on this question, but the truth is that I believe we're in a gigantic crisis and it's a difficult one. I see a huge number of people trying to figure out the solution to the problem. I don't despair...
...comes down to personalities; once-in-a-generation issues like health care are still shaped by the special-interest groups in question—in this case, the pharmaceutical industry, doctors, hospitals, and insurance companies. But it’s important to recognize that, a year ago, you could never have predicted that many of the political players currently involved would be leading the charge on health care. Who knows exactly what effect this will have on the final outcome. But Wilson, the most prominent Joe since Joe the Plumber, will have left his mark...
...eating lunch...and all of a sudden, there’s this ‘happening’ and you’re dancing with people you don’t even know, and you feel alive. Maybe you didn’t a half an hour ago. It’s a fleeting, ephemeral moment, which is what theater is... It makes us recognize things in life and gives us an opportunity to have an exorcism—to laugh at it.” —Staff writer Mia P. Walker can be reached at mpwalker@fas.harvard.edu...