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...Warren] Buffett said, about how he never understood why they send a bunch of men 5,000 feet under the ground in Africa to bring out this metal, and then they ship it all across the world and it's buried 1,000 feet underground at the Bank of England and the U.S. Treasury. There is something illogical about...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...Wearwolf plans to introduce products for women and children soon. Wolf said that the men's products will include trousers, shirts, scarves, topcoats, trench coats, and outerwear. "Harvard is the ideal—the pinnacle," he told Bloomberg. "When you think of modern prep, you think of New England and the Northeast. You think campus, quad, and you think Harvard...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: Harvard Licenses Brand for Preppy Clothing Line | 8/13/2009 | See Source »

Still, Soros, who recalled a similar gift given to him when he was a poor student in postwar England, understands that one's personal philanthropy can go only so far. "Two hundred dollars is significant enough," he said when asked why he chose not to give each child a higher amount. "If you put in more, then you would probably have to set some conditions...

Author: /time Magazine | Title: Soros Shines Light on Stimulus for the Poor | 8/13/2009 | See Source »

...certainly one of the most valuable recent advances in medical technology. But doctors are gorging on it: the number of CAT scans performed in the U.S. each year has leapt more than 200% in the past decade, and a third of them are likely unnecessary, according to the New England Journal of Medicine. The overuse is acute in cities like Miami because doctors and hospitals feel they have to justify the glut of CT machines and related personnel they have on hand...

Author: /time Magazine | Title: The Case of the $12,000 Kidney Stone | 8/13/2009 | See Source »

...always really sucked. Homer's Odyssey recalls the plight of Sisyphus, the Corinthian King consigned to nudging a boulder up a hill for all eternity; according to the gods' twisted decree, when he neared the top of the hill, the rock would come tumbling down. Rehabilitation in 19th century England took a page from the Greeks' prescription for soul-crushing drudgery: inmates would be forced to trek endlessly on treadmills, pass their days turning purposeless cranks for thousands of revolutions at a time, or shuttle cannonballs back and forth in an activity known as the "shot drill." Among those subjected...

Author: /time Magazine | Title: Is Hard Labor Really That Bad? | 8/12/2009 | See Source »

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