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...counseling - "what about the women who have to send their seven-year-old [son] to his father's house, with the girlfriend? What about the women who are isolated, and don't have careers and friends to lean on?" In three days, a dozen women from around the world - Australia, Israel and Canada, where Stark lives - registered for Stark's six-week program...

Author: /time Magazine | Title: On the Couch Online: Does Tele-Therapy Work? | 10/30/2008 | See Source »

...crisis focused on Eastern Europe as well. The International Monetary Fund announced that it has struck a tentative accord to lend $16.5 billion to cash-strapped Ukraine, and said a major impediment to providing emergency funding to Hungary had also been removed. In Asia, meanwhile, the central banks of Australia and Hong Kong safeguarded the liquidity of markets with new injections of funds, while South Korea cut its key interest rate by three-quarters of a point in the hopes of countering slowing economic growth...

Author: /time Magazine | Title: The Market Gloom Continues | 10/27/2008 | See Source »

...centuries, Europeans believed that all swans were white - until black swans were discovered in Australia. A possibly minor moment in ornithology, but one that for Nassim Nicholas Taleb, a former trader turned philosopher, perfectly illustrates how poorly our past experience of the world can prepare us for sudden, unexpected, epochal events. His 2007 book, The Black Swan: The Impact of the Highly Improbable, gave rise to a new name for these moments, both positive black swans (the rise of the Internet) and negative ones (the 9/11 attacks). Taleb has argued that much of the recent market turmoil has been...

Author: /time Magazine | Title: Nassim Nicholas Taleb | 10/24/2008 | See Source »

...college student in Australia, Maria Koulmanda began researching type 1 diabetes as part of a summer job. Thirty years later, Koulmanda and her colleagues at Harvard Medical School now think that they may have found a cure...

Author: By Elyssa A. L. Spitzer, CONTRIBUTING WRITER | Title: Researchers Discover Potential Diabetes Cure | 10/24/2008 | See Source »

Cheap Fares to Oz. In 1954 Qantas began flying propeller planes from Australia to the U.S. (a three-day journey). Today the airline has added the decidedly faster 450-passenger Airbus A380 to its fleet. To celebrate, Qantas is putting fares on sale: $380 one-way from Los Angeles or San Francisco to Sydney or Brisbane and $480 one-way to Melbourne, for travel...

Author: /time Magazine | Title: Travel News: Low Fares to Oz, and Other Goodies | 10/24/2008 | See Source »

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