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When this very dilemma toppled the hedge fund Long Term Capital Management and rocked global markets in 1988, Shleifer and Vishny were hailed as visionaries. Their paper helped spark a broader re-examination of the role of professional investors. Whereas professionals inject sophistication and expertise into markets, most of them are too busy trying to hold on to the money under their charge--or to their jobs--to keep things truly rational...

Author: /time Magazine | Title: Herd on the Street | 9/6/2007 | See Source »

Even Don Johanson, who discovered Lucy (the new species Australopithecus afarensis) in Hadar, Ethiopia, in 1974, musters some support for putting her on display. In his first public comment about "Lucy's Legacy," he tells TIME: "While I cannot overemphasize my personal concerns for Lucy's safety, a broader exposure of Lucy to the public does have great educational value. Seeing the original Lucy will surely heighten public awareness of human origins studies, particularly at a time when the validity of evolution has come under fire in our schools...

Author: /time Magazine | Title: The Hassles of Having Lucy in Houston | 8/24/2007 | See Source »

...Dean of Undergraduate Education; from 1997 to 2000, he was Associate Dean of the Faculty. He brings a deep understanding of both the academic and residential aspects of life in the College, as well as a rare awareness of the important ways in which the College fits into the broader structure...

Author: NO WRITER ATTRIBUTED | Title: Smith's Letter to Harvard College Students and Faculty | 8/13/2007 | See Source »

...What often distinguished Rove from other strategists was his sweeping vision. He is encyclopedic in his knowledge of the smallest details of electoral politics - of precincts and turnout models, county activists and regional issues - but he always had a broader idea about where he, and Bush, were going, and where they would take the party. As long ago as 1998, his stated project with Bush was to remake the G.O.P. into a permanent governing majority of the kind the Democratic Party enjoyed from 1932 through 1968. He would do it by winning over Latino voters and breaking the Democrats' grip...

Author: /time Magazine | Title: Karl Rove's Flawed Vision | 8/13/2007 | See Source »

...border: mass executions, contract shootings carried out at funerals and ghastly videotaped beheadings posted on the Internet while victims' heads are tossed into the streets. Mexicans have long held the view that drug traffickers kill only one another, but the latest surge in violence is claiming a broader range of victims, including police, businesspeople, journalists and politicians. "Now people realize these animals finish off innocent lives as well as one another," says Fernando Margáin, San Pedro's mayor...

Author: /time Magazine | Title: The War Next Door | 8/9/2007 | See Source »

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