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...encouraged or even compelled to file for bankruptcy. When you keep on bailing out institutions indiscriminately, there is no incentive for them to be prudent in what they're doing, because they know that whatever they do, whatever problems they create by their own behavior, the government will come along and bail them out. So you are providing incentives for institutions to operate in a way that will only increase the opportunities for firms to behave in an unacceptable manner. The government's [bailout] actions will make the economy less productive and less prudent. (See the 50 worst cars...

Author: /time Magazine | Title: Advice from an Economist Who Saw 1929 | 7/9/2009 | See Source »

...agents for extending life, other drugs may be further along in the pipeline - resveratrol, for one, which has also prolonged life in lab mice. But the new finding by Strong and his colleagues "more clearly identifies the [target of rapamycin] pathway as important across species." It may guide researchers to target different proteins in the same pathway. "If those proteins react the same way to extend lifespan, then we might be able to get rid of unwanted side effects," says Strong...

Author: /time Magazine | Title: What Does Life-Extending Drug Mean for Humans? | 7/9/2009 | See Source »

...goes without saying that Stephen Colbert owes Baron Cohen a debt too large to repay, but by comparison, Colbert plays it safe. His guests always know that Colbert's right-wing blowhard character is a put-on, and they happily play along. When Brüno tries to start a cuddle party with Texas Representative Ron Paul - "Has anyone ever told you, you look like Enrique Iglesias?" - the flustered former presidential candidate is definitely not in on the joke. As Paul makes his panicky escape down a hallway, he clues in one of his aides: "This guy is a queer...

Author: /time Magazine | Title: Brüno's Sacha Baron Cohen: More Than a Comedian | 7/8/2009 | See Source »

...surprisingly stirring speech on Jackson's cultural and race-relations impact that had the audience on its feet cheering. "There wasn't anything strange about your dad," he said, moving his eyes to the three. "What was strange was what he had to deal with." The children applauded along with the rest of the crowd...

Author: /time Magazine | Title: Paris Jackson's Heartfelt Goodbye | 7/8/2009 | See Source »

Nowadays, thousands of participants from around the world dash through Pamplona's streets trailed by charging bulls. Thousands more watch from safe nooks and balconies along the route, and spectators can also follow the events on national TV. Every morning from July 7 to 14, hordes of daredevils gather in a historic section of the city, many dressed in traditional garb and carrying rolled-up newspapers to swat the bulls if necessary. They sing a traditional homage to St. Fermin, asking him to guide them through the run. After two small rockets are fired, six bulls are released (along with...

Author: /time Magazine | Title: A Brief History of the Running of the Bulls | 7/7/2009 | See Source »

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