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...children. They do. Parents who know where to dig for the most nutritious tubers or how best to hunt elk will pass along that knowledge-based wealth to their kids. The difference is, that advantage is harder to monopolize than, say, a tract of land that comes with a deed. (See the best social-networking applications...

Author: /time Magazine | Title: Information Economy May Shrink the Rich-Poor Gap | 10/29/2009 | See Source »

...Baluchi separatists who struck on Sunday may imagine their deed simply as the violent pursuit of a local objective, but in a region divided by a number of interlocking tensions that carry within them the seeds of conflict, politics often fails to remain local for very long...

Author: /time Magazine | Title: Why a Bombing in Iran Could Be Bad News for Obama | 10/19/2009 | See Source »

...housing bubble inflated, the math increasingly favored renting. House prices went up and up while rents stayed relatively flat, meaning you could get a lot more bang for your buck by choosing a lease over a deed. Now, with the housing market in a pulp, the tables are turning. Choe's most recent rental cost him $1,500 a month. His new mortgage payment, for a same-size house, is $1,570 (after a 20% down payment). "Not a bad deal," he says - especially considering that once Choe takes into account the money he saves on taxes by deducting...

Author: /time Magazine | Title: Own-ward Bound? | 8/31/2009 | See Source »

...role in the destruction of Pan Am 103. I believe they were made a scapegoat in 1990-91 by an American government that had decided to go to war with Iraq and did not want complications with Syria and Iran, which had harboured the real perpetrators of the terrible deed." - Sir Tam Dalyell, a member of Great Britain's House of Commons from 1962 to 2005, calling al-Megrahi "the victim of one of the most spectacular (and expensive) miscarriages of justice in history" (The Times of London...

Author: /time Magazine | Title: The Lockerbie Bomber: Abdel Basset al-Megrahi | 8/21/2009 | See Source »

Paranoia is above all the death of exaggeration. Many of us became great storytellers in our fear, ascribing near unlimited powers to the state. Life became cramped as we turned inwards on ourselves, picking up the censor's pen to scrupulously measure every word and deed. Ordinary phone calls became exercises in awkward misdirection and elision, and everyday conversations came with a healthy dose of looking over our shoulders. These were habits that I would later find difficult to shake. The movie, it seemed, would not end in Tehran, would have no final scene. (See pictures of Iran's terror...

Author: /time Magazine | Title: A Reporter's Diary: Making a Tricky Exit From Iran | 8/3/2009 | See Source »

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