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That month, stock prices started to fall. The slide continued for 2 1/2 years. Then, for the second edition of Irrational Exuberance, published in February 2005, Shiller added a chapter on real estate. His argument: House prices had followed the stock market into a flight of fancy that was bound to end badly...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

...There, residents were placed through the standard security measures with Transportation and Security Administration officials. Special care was made to keep families together, Jacks said. In the end, nearly 6,400 people left on some 2,054 flights. It's unclear whether people knew where, exactly, their planes were bound...

Author: /time Magazine | Title: Will Louisiana's Levees Hold? | 9/1/2008 | See Source »

...trial can go on at all given what he calls its "errors." Judge Iain Bonomy assured him his concerns - all filed to the court and made public - will be addressed. Friday, though, the judge was interested only in Karadzic's pleas. When Karadzic refused to enter them, Judge Bonomy - bound by the rules of the court - did it for him: not guilty on all 11 counts. "In other words," clarified Judge Bonomy, "your plea is one of not guilty to the indictment as a whole...

Author: /time Magazine | Title: "Not Guilty" Plea Entered for Karadzic | 8/29/2008 | See Source »

...Honor Bound These days, there is a new McCain on the campaign trail. He has forsworn his freewheeling sessions of straight talk with the press, sticking religiously to GOP talking points, bottled up by a campaign that is highly disciplined, curiously hostile to reporters and quick to launch negative and often misleading attacks. During a brief, weird and remarkably uninformative interview, TIME asked him about the abrupt shift in strategy. The candidate who used to spend hours kibitzing with reporters refused to acknowledge that anything has changed. "I don't know what you're talking about," McCain said, staring blankly...

Author: /time Magazine | Title: Understanding John McCain | 8/28/2008 | See Source »

...soon follow Perry's lead, at least temporarily. More than 3,000 families have pledged to keep their kids out of class on Sept. 2, the first day of school. Instead, on that day many of the students and some parents will board a fleet of 100 school buses bound for Winnetka, about 25 miles north of downtown, to try to enroll in its public schools, some of the best in the nation. Others are planning to protest outside prominent office buildings in Chicago, including the landmark Mercantile Exchange. In doing so, all involved will echo Paul Perry...

Author: /time Magazine | Title: Chicago Braces for a School Boycott | 8/27/2008 | See Source »

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