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...that come with any forecast. You wouldn't find an economist publishing a paper in a journal without margins of error around the data - and yet we routinely drop such nuance when we talk about economic variables in public conversation. "One of the things that gets lost is the fact that there are ways of trying to assess errors in forecasts," says Robert Eisenbeis, a former researcher at the Atlanta Fed who is now chief monetary economist at the money-management firm Cumberland Advisors. "It's possible to think about these forecasts not as 'GDP is going...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

...nucleus accumbens (which is associated with reward and motivation), hypothalamus (associated with hormone secretion), hippocampus (associated with social learning) and insula (associated with subjective feelings) all become more active. By contrast, boys in the same situation show no such increase in activity in these areas. In fact, the activity in their insula actually declines. (Read "The Truth About Teen Girls...

Author: /time Magazine | Title: Why Girls Have BFFs and Boys Hang Out in Packs | 7/17/2009 | See Source »

...dishes. Daily, the other three international volunteers living in my village and I engage in conversations that could only be described as one thing: food porn. Cookie dough ice cream? McDonald's cheeseburgers? Bagels with cream cheese? Felipe's burritos? You name it, we've fantasized about it. In fact, it's gotten to the point where I had a dream the other night about a chocolate shop. While we're in the city on our weekends off, us internationals hop from Western establishment to Western establishment, in search of the perfect solution to our culinary cravings. It's hard...

Author: By Kate Leist | Title: Taste Test | 7/17/2009 | See Source »

...testimonies reveal the discomfort and trauma of soldiers' reliving their involvement in a complicated combat setting. And their matter-of-fact recounting of the minutiae of the combat experience, along with moments of palpable pride in having struck a Hamas rocket crew or conducting themselves appropriately in relation to Palestinian civilians, certainly lends an air of authenticity to the report...

Author: /time Magazine | Title: Dissident Israeli Soldiers Turn a Harsh Light on the Gaza War | 7/16/2009 | See Source »

...report's weaknesses leave the IDF plenty of room to shoot it down. A number of the allegations are based on not what a soldier claims to have seen himself but rather things he was told by others. And then there's the fact that the accusers have chosen to remain anonymous, usually avoiding reference to specific units or locations so as to prevent them from being identified - which also prevents independent verification. "A considerable portion of the testimony is based on rumors and secondhand accounts," an IDF representative told the Israeli media in response to the report. "Most...

Author: /time Magazine | Title: Dissident Israeli Soldiers Turn a Harsh Light on the Gaza War | 7/16/2009 | See Source »

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