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...would have been interesting to ask each man what he thought about the value of the toxic assets on bank balance sheets. Unlike land, toxic assets can multiply. And, unlike land, the value of toxic assets may never rebound, although analysts differ on that subject. (See pictures of Mark Twain...

Author: /time Magazine | Title: Memo To Congress: "Buy Land, They Ain't Making Any More Of It" | 1/28/2009 | See Source »

...decide what to do with their cash returns. In the past, this would have meant seemingly diminished returns. With returns seemingly high, investors did not complain about the status quo. Now, given that regular liquidation would mean more transparency and diminished losses, in recent days investors' opinions would likely differ...

Author: /time Magazine | Title: The Ponzi Scheme in Every Hedge Fund | 1/5/2009 | See Source »

...scientists did not periodically correct the difference between the atomic clock and Earth's rotation, within a few hundred years the position of the sun in the sky would noticeably differ with the time on your kitchen clock, an aspect of earthly timekeeping that has caused much consternation historically, vexing everyone from Julius Caesar to Pope Gregory XIII. So, in 1972, an international agreement decreed that instead of continually revising the definition of a second, atomic clocks would be adjusted by adding a leap second each time an appreciable discrepancy was detected by observations made at the International Earth Rotation...

Author: /time Magazine | Title: Wait a Second: Why 2008 Was a Long Year | 12/31/2008 | See Source »

Reasonable minds can and do differ on this subject. Only future disasters will reveal who's right...

Author: /time Magazine | Title: Should the Military Be Called in for Natural Disasters? | 12/31/2008 | See Source »

...found that five years later, pledgers and non-pledgers don't differ at all in their sexual behavior. That includes oral and anal sex, which previous studies had speculated might be used as substitutes for vaginal intercourse. In this data, that seems not to be upheld. They don't differ in their age of sexual initiation; both groups initiated around 21 years old. That shows that this is quite a conservative group, because that's four years later than the American average. And they don't differ in number of lifetime partners. Each group had about three partners...

Author: /time Magazine | Title: Do Virginity Pledges Work? | 12/30/2008 | See Source »

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