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Your analysis of the economic reform being introduced in China under Deng Xiaoping was excellent. It would have been even more interesting had you mentioned that the concept of making all land common property and paying rent to the state for its use under a "contract system," with surplus production going to the free market, is a direct application of the theory published by the American writer Henry George in Progress and Poverty, in 1879. The parallel is so close I wonder whether Deng has the book in his library. Douglas Denby, President John Cabot International College Rome...

Author: /time Magazine | Title: Letters: Jan. 27, 1986 | 6/21/2005 | See Source »

Another legal concept being used ever more widely is that of strict liability, which makes possible an award of damages without any proof of negligence. Initially it was applied, for example, to businesses conducting abnormally dangerous activities. Now it has been expanded to product-liability cases: a plaintiff need not prove that the manufacturer of a product was negligent, only that the plaintiff was injured while using the product in the manner intended...

Author: /time Magazine | Title: Nation: Sorry, Your Policy Is Canceled | 6/21/2005 | See Source »

...side of the nucleus were what appeared to resemble nozzles, spewing out one minor and two major jets of gas and dust. Keller was puzzled by the blackness of the nucleus, which suggested that there is little or no ice on its surface. Astronomer Fred Whipple, whose concept of a comet as a "dirty snowball" was apparently confirmed by earlier findings of the Soviet Vega probes, offered a possible explanation: the comet's surface might be covered by densely packed, extremely small particles embedded in an icy mantle...

Author: /time Magazine | Title: Space: Peering into Halley's Heart | 6/21/2005 | See Source »

...youth in a polyglot St. Louis neighborhood pop up again and again in his conversations about design. "I used to crawl behind the radio," says Stumpf, son and grandson of engineers, "and stare at the tubes." Almost every machine, he says, is at some level a toy. "The concept of jauntiness is a quality lost completely in design. It is a wonderful quality. The horse and buggy had it." By jaunty he does not mean arch and joky. "I don't see anything toylike in Memphis," he says of the Italian school of wacky neokitsch furniture. "It would be interesting...

Author: /time Magazine | Title: Design: Looking Good Is Not Enough | 6/21/2005 | See Source »

Perhaps so, but the no-money-down concept has created an industry in which it is often more profitable to preach real estate investing than to practice it. The pioneers were Robert G. Allen, 37, and Albert Lowry, 58, who wrote rival best-selling books on the subject during the 1970s and early 1980s. An updated edition of Allen's Nothing Down zoomed back onto the best-seller lists last year. Offering dozens of financing tactics, Allen and Lowry were soon so much in demand that they formed companies and hired dozens of disciples to go out and preach...

Author: /time Magazine | Title: The Preachers of Easy Pickings | 6/21/2005 | See Source »

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