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...crisis may be exposing another, more insidious, flaw. As the industry has grown, it has become harder to tell good investment managers from lucky ones - and lucky ones from outright frauds. In a recent paper, Dean Foster, a professor at the University of Pennsylvania's Wharton School, and H. Peyton Young, a senior fellow in economics at the Brookings Institution, argued that the lack of industry regulation makes bad managers nearly impossible to detect. By making bets that have a relatively low probability of failing - say, 10% - an unskilled manager has a 90% chance of making good...

Author: /time Magazine | Title: Pruning Season | 11/13/2008 | See Source »

...performance is, at once, comfortably familiar and perceptibly lethargic. Meanwhile, Scott is given very little material to work with, and it shows. His Wheeler is extremely one-note, and while the actor does an adequate job, his character’s lack of development is a serious flaw. The script went through several revisions, with the help of four different writers, including Rudd and director David Wain. Nonetheless, the plot is still rather predictable. In parallel fashion, both men bond with their young charges, disappoint them, and ultimately emerge as more mature and selfless individuals. Still, the film works best...

Author: By Evan T. R. Rosenman, CONTRIBUTING WRITER | Title: "Role Models" | 11/7/2008 | See Source »

...flaw in these constitutional amendments is the perception that our present moral and cultural views will be absolutes well into the indefinite future. After all, American opinions on divorce and interracial marriage are far cries from the views held a century ago. And let’s not forget that the only amendment in the United States Constitution to legislate popular morality, Prohibition, is also the only one to be repealed. Drinking is now accepted by a majority of Americans, and judging by statutory initiatives passed in Massachusetts and Michigan on Tuesday, marijuana isn?...

Author: By Steven T. Cupps | Title: Si Se Puede? | 11/5/2008 | See Source »

...Hand a certain unsettling charm that lends the play its suspenseful tension. Whether he is actually the grim reaper is debatable, but Cutmore-Scott almost perfects his portrayal of Raymond’s more confident doppelgänger. While his acting evoked a certain alluring magnetism, the only minor flaw was that Cutmore-Scott’s character lacked the diversity of Breaux’s interpretation of Raymond. It’s clear from the polish of the production that director Stern knows his craft well. The show went on with a professional smoothness that?...

Author: By Eunice Y. Kim, CONTRIBUTING WRITER | Title: Hyacinth Macaw Impresses Again | 10/27/2008 | See Source »

...vast audience of voters tuning in, McCain will enter the debate hall for his last chance to shake up the race. In order to change the dynamic, McCain will have to produce a major memorable moment at the expense of his rival - by forcing an error, exposing a flaw or unattractive trait, or revealing an inconsistency or weakness - which would then be replayed incessantly on the airwaves, rapaciously dissected by the media and seized upon by the public...

Author: /time Magazine | Title: In Final Debate, Can McCain Rattle an Imperturbable Foe? | 10/15/2008 | See Source »

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