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...especially in the all-important U.S. market. And outside shareholders, including venture-capital firms Benchmark and Index Ventures, are growing impatient. But for the moment, the firm is betting that virtue will bring its own reward--in Australia if not in the U.S. Last month the government of the Australian island of Tasmania said it will allow online-betting exchanges, opening the door for Betfair to a huge market that it had resisted tapping illegally...

Author: /time Magazine | Title: Investing: Good Sports | 11/20/2005 | See Source »

...suspects are believed to have links to the now banned Pakistani terrorist group Lasker-e-Toiba. It attracted recruits from around the world to undergo jihad training at camps in Afghanistan and Pakistan. After 9/11, the group sent supporters to fight on the side of the Taliban in Afghanistan. Australian David Hicks, currently held by the U.S. at Guant?namo, is believed to have trained with LeT in Pakistan...

Author: /time Magazine | Title: Terror in the Suburbs? | 11/14/2005 | See Source »

...link with suicidal thinking. Compared with its American and British counterparts, Australia's Therapeutic Goods Administration has taken a gentler line. Last year it reminded doctors that no antidepressant is approved in Australia for the treatment of depression in under-18s - though it knows many thousands of Australian teenagers with that diagnosis are on the drugs. In August, a TGA bulletin acknowledged a probable link between the SSRIs and suicidal tendencies in children and adults, but overall endorsed the drugs. Still, for perhaps the first time since the SSRIs came on the scene, those who believe the medical profession...

Author: /time Magazine | Title: Bitter Pills | 11/14/2005 | See Source »

...weeks. But how solid is the chemical-imbalance model of depression? That depends on whom you ask. The drug companies present it as fact. On its website, Pfizer, maker of the blockbuster SSRI sertraline (Zoloft), asserts that antidepressants "work by correcting the chemical imbalance in your brain." The Australian mental health lobby group beyondblue is slightly more circumspect in its literature, saying "severe depression appears to be associated with a reduction in the chemicals of the brain." Depression comes in various types and shouldn't be thought of as an "it," says Gordon Parker, a professor in the school...

Author: /time Magazine | Title: Bitter Pills | 11/14/2005 | See Source »

...Prescriber information on the SSRIs in America contains an extraordinary sentence missing from the versions seen by Australian doctors - extraordinary in the context of a debate in which advocates of the drugs assert that depressed people who aren't treated are at heightened risk of contemplating and attempting suicide. "The average risk of such events in patients receiving antidepressants was 4%," the U.S. warning reads, "twice the placebo risk of 2%." In other words, drugs meant to stop depressed people from getting even more depressed or killing themselves may double their chances of doing just that. For the skeptics, that...

Author: /time Magazine | Title: Bitter Pills | 11/14/2005 | See Source »

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