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But that has to be balanced with the danger of runaway costs, which seem almost guaranteed when it comes to the Olympics. Brad Humphreys, professor of the Economics of Gaming at the University of Alberta, keeps count on Olympic budgets. His tally is a tale of excess: Athens budgeted $1.6...

Author: /time Magazine | Title: Would Getting the Olympics Be Good or Bad for Chicago? | 9/30/2009 | See Source »

Any other big takeaways? A huge one is reversion to the mean [the tendency of an extreme event to be followed by a less extreme one]. Really high performance is a function of skill and luck. And luck, by definition, is transitory - it comes and goes. The next time you...

Author: /time Magazine | Title: Common Mistakes Even Smart Investors Make | 9/29/2009 | See Source »

“I think the power balance for international graduate students is a little different,” the grad student said. “I don’t think the department acted at all inappropriately, but because she was an international student, the department held an enormous...

Author: By Manning Ding, CRIMSON STAFF WRITER | Title: Ex-Grad Student Alleges Misconduct | 9/29/2009 | See Source »

But a regional network of marine-mammal experts says the Langseth may have done more harm than good during its nearly four-month tour. The area where the ship was sailing is home to about 34 cetacean species, of which seven are fragile marine-mammal species, like the critically endangered...

Author: /time Magazine | Title: Is Ocean Seismic Testing Endangering the Dolphins? | 9/29/2009 | See Source »

Beyond the lavish palaces of the last Shah in north Tehran, beyond the sweeping Enqelab (or Revolution) Street, which cuts through the city center, and even beyond the southern outskirts of the city's rambling tenements, looms the Islamic Republic's most notable landmark: the $2 billion tomb of its...

Author: /time Magazine | Title: Has the Iranian Regime Forsaken Khomeini? | 9/29/2009 | See Source »

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