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...That's one way of looking at it. Another is to observe that while changes in risk appetite may not be predictable, they do follow a certain logic. "We view financial risk much like popcorn popping in a microwave," Merrill Lynch investment strategist Richard Bernstein wrote in January. "Until the first kernel pops, one tends to believe that nothing is happening. The initial pop seems like a random event until a second occurs. A third. A fourth. Then the popping goes wild...

Author: /time Magazine | Title: The Stock Market Rediscovers Risk | 3/1/2007 | See Source »

...their models and project a 15-year supply. Of course, it depends on all sorts of variables. Whether the biggest companies produce to capacity; whether hundreds of small local miners, without the sophisticated machinery or the credit lines of the big guys, can continue to tunnel ever deeper to follow the vein. Whether plucky independent owners like Money A. Yousuph?who hasn't pulled out any tanzanite since 2002, when he sold a 2.2-lb. chunk for $275,000 at a Las Vegas trade fair?get lucky. "I'm about to," he says confidently...

Author: /time Magazine | Title: Romancing a New Stone | 3/1/2007 | See Source »

...Laut is an ironwood schooner that plies the waters of peninsular Malaysia, Thailand and Burma. Its six beautiful cabins accommodate up to 12 guests, who are waited on by a multiracial crew that could have stepped out of the pages of Conrad's Lord Jim (indeed, literature buffs can follow in the great author's wake, voyaging through Borneo, Brunei and Sarawak on an itinerary based on his travels). Trips can include spectacular diving, visiting deserted islands with steep karst formations worthy of a James Bond movie, and trekking through tropical rainforests. Prices vary depending on whether you want...

Author: /time Magazine | Title: Cruise Control | 3/1/2007 | See Source »

...extras” listed on a laminated sheet of paper called a “Massage Menu”—various sexual acts with the masseuses. In October 2005 police issued a warrant to search the premises and arrested Purdy, according to the report. A follow-up investigation revealed that Purdy knew the masseuses were offering sexual favors to customers for money, and was receiving a share of the profits from the sale of “extras.” The defendant did not testify during the trial, according to a statement written by J. Daniel Silverman...

Author: By Yelena S. Mironova, CRIMSON STAFF WRITER | Title: About Hair Owner Guilty | 2/28/2007 | See Source »

There's a long road ahead, says Freeman Evans, but it's a good lead to follow. "It doesn't mean that you need consumer demand for fair-trade products. It just means you need good products that are made with fair-trade practices...

Author: /time Magazine | Title: Fair-Trade Fashion | 2/27/2007 | See Source »

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