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...problem with those answers, with most answers, is that they strive to contain cause and effect within a single trading day when the real story is much, much bigger. There is "distrust in the marketplace - and in the government's ability to handle the crisis," says Peter Cardillo, chief market economist at investment shop Avalon Partners. "That's basically feeding on itself...

Author: /time Magazine | Title: A Market Meltdown That Won't Stop: Is This Rational? | 10/9/2008 | See Source »

There are good reasons for that. The U.S. is by far the largest economy in the world, more than three times bigger than no. 2, Japan. And with annual imports of more than $2 trillion, it is the world's shop-till-you-drop economic engine. If that engine stutters, the others grind to a halt. This is an old tale, but with a new twist to sober the Schadenfreudians: Europe's bankers and mortgage providers have been just as stupid and greedy as their American comrades-in-harm - and this in countries that pride themselves on having tamed...

Author: /time Magazine | Title: Gloat at Your Peril | 10/9/2008 | See Source »

...about it. Asia's vast ethnic diversity means we are forced to confront the very many real differences - cultural, political, economic - that exist among us. Sometimes those differences erupt in violence. At least half of the world's armed conflicts are in Asia, nearly all ethnic-based. But the bigger reason Asians do not focus on commonality is because their societies do not encourage...

Author: /time Magazine | Title: Race to Judgment | 10/8/2008 | See Source »

...contrary to popular belief, there appears to be more than one of the wild animals on campus. “I’m pretty sure there is more than one,” the California native said. “I think I’ve seen a bigger one and a smaller one. Nonetheless, people refer to any turkey they see as ‘The’ HBS turkey.” Fredrickson noted his disapproval of students who wanted to remove the turkey from the campus grounds, and expressed hope that turkeys would populate the Business...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Turkey Runs Afoul of Biz School | 10/8/2008 | See Source »

Finally, notes Weinberg, who was not involved in the new study but is familiar with its design and results, the lack of effectiveness could have been due in part to the trial's small sample size. "The bigger numbers you have, the better," he says. "Five hundred subjects may sound like a lot, but once you start stratifying them by age, by whether they received all of their shots, or which year they were immunized, your total number gets smaller...

Author: /time Magazine | Title: Does the Flu Vaccine Really Protect Kids? | 10/6/2008 | See Source »

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