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...Robert F. Bruner, dean of the University of Virginia's Darden School of Business, a classic "prisoner's dilemma." In game theory, the dilemma involves two arrestees deciding whether to squeal. Here it's about whether to pull your money from the market. For each worried individual, the rational answer is yes, but the financial system is far better off if everybody agrees not to. The invisible hand of the market can't deliver the best outcome; collective action, Bruner says, is the only good answer...

Author: /time Magazine | Title: Ben Bernanke Walks the Line | 8/23/2007 | See Source »

...give away too much during recent nuclear negotiations with India, or was it the other way around? Disagreement over the answer has India's coalition government on the brink of collapse. Known as the 123 Agreement, the deal allows India to trade civilian nuclear fuel and technology in return for putting its civilian nuclear program under international safeguards. The country's nuclear-weapons program wouldn't be subject to any added scrutiny...

Author: /time Magazine | Title: Dashboard: Sep. 3, 2007 | 8/23/2007 | See Source »

...which the correct answer would be: a modern one. The traditional, expected reserve of the British was a function of a system of authority put together in Victorian times by the sort of upper-middle-class men (not women) who dressed for dinner in the far reaches of the Empire to keep up appearances in front of the natives. They stressed the benefits of order, hierarchy, muscular Protestantism and good sportsmanship. Even in its Victorian heyday, of course, not many in Britain behaved in this way. The world's first mass working class, shuffling from factories to boozy music halls...

Author: /time Magazine | Title: The Diana Effect | 8/23/2007 | See Source »

...familiarity - critics would say the lack of credibility - of those themes that provide the answer to Bush's risky invocation of Vietnam. He has so often emphasized the disastrous ramifications of failure and the potential glories of victory, they no longer hold the same currency with a war-tired public. So, given how low support for the war is, why not add the specter of Vietnam to the costs of defeat? And why not suggest that victory in Iraq could help expunge the indignity of America's loss in Vietnam? Petraeus and Crocker will say what they will regardless...

Author: /time Magazine | Title: Bush's Risky Vietnam Gambit | 8/23/2007 | See Source »

...That's not something a candidate like Mike Huckabee necessarily excels at. The same afternoon as the Obama event, 18 miles away Huckabee was speaking to a Rotary Club gathering at the Nashua Country Club. During the question and answer session, Jim McCormick, a semi-retired consultant from Nashua, challenged Huckabee on his stance on whether creationism should be taught at schools...

Author: /time Magazine | Title: New Hampshire's GOP Challenge | 8/23/2007 | See Source »

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