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...when we're reminded how much kids cost. It's nice when states suspend their sales tax for a week of back-to-school shopping, but it doesn't change the fact that somehow we have to start over in September: new sneakers, new notebooks, maybe a new lunch box, because SpongeBob is so last season. Even in hard times, economists have found, children are "recession resistant." As investments, they are living proof of irrational exuberance, a leading indicator of our loss of fiscal discipline...

Author: /time Magazine | Title: Raising a Child Costs Some $221,000, Before College | 8/24/2009 | See Source »

...such studies insistently conclude that, having controlled for socioeconomics, there must be some unknown biological factor (as opposed to some unknown social or cultural factor) at play, says David Williams, a Harvard professor of public health and African American studies. "The biology is a fall-back black box that many researchers use when they find racial differences," he says. "It is knee-jerk reaction. It is not based on science, but on a deeply held, cultural belief about race that the medical field has a hard time giving...

Author: /time Magazine | Title: Why Racial Profiling Persists in Medical Research | 8/22/2009 | See Source »

...Megrahi was convicted in a specially convened Scottish court at Camp Zeist in The Netherlands in 2001. Prosecutors argued that he placed a bomb, hidden in boom box inside a suitcase, on a flight from Malta to Frankfurt, Germany. From there, the bomb was transferred onto the Pan Am plane that went first to London's Heathrow Airport and then took off for New York City. The bomb exploded as the plane flew over Scotland, causing it to crash on to the town of Lockerbie near the Scottish border. Another man - Al-Amin Khalifa Fahima - was also tried...

Author: /time Magazine | Title: Lockerbie Bomber Returns to Cheers in Libya | 8/21/2009 | See Source »

...waters of the d'Entrecasteaux Channel - named by early French explorers, who had friendly contact with local Aborigines before the British arrived and devastated the indigenous culture. While you lap up the historical commentary, you'll spot seals, dolphins and white-breasted sea eagles. Local produce is served bento-box-style onboard, or you can toddle ashore, past lobster fishermen unloading their catch, to dine at Peppermint Bay, adjacent the quaint hamlet of Woodbridge. Local treats include Bruny Island oysters, ocean trout, Tasmanian truffles, organic ice cream and fine Tasmanian wine...

Author: /time Magazine | Title: Five Reasons to Visit Hobart | 8/20/2009 | See Source »

...took over Bangkok's international airport, dealing a body blow to Thailand's vital tourism industry. Since then, yellow- and red-shirted supporters of two political camps have taken turns occupying the government, and international visitors continue to stay away. Instead of relying on the sanctity of the ballot box, a disenchanted citizenry is finding it easier to simply swarm the streets to foment regime change. The line between mob rule and People Power, it turns out, is dangerously thin...

Author: /time Magazine | Title: Corazon Aquino 1933-2009: The Saint of Democracy | 8/17/2009 | See Source »

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