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...autumn of 1987 made him, for a time, one of the most influential Wall Street gurus. After the market started its 1990s bull run, though, Prechter seemed to lose his touch. In 1995 his book At the Crest of the Tidal Wave predicted the onset of a "great bear market." The bear arrived, but not for five years. In 2002's Conquer the Crash he predicted the onset of a "deflationary depression." Again, he was years early. (See 10 big recession surprises...

Author: /time Magazine | Title: Riding the Waves of Irrational Behavior | 11/30/2009 | See Source »

...lightbulb went off the day I realized that while recycling is great, if someone is able to reuse the stuff you no longer want, like your old sofa, you're keeping not just a 100-lb. sofa out of a landfill but also 20 to 40 times that in the raw materials needed to make a new sofa...

Author: /time Magazine | Title: Power of One | 11/30/2009 | See Source »

...McPhee), a child of perhaps 11, raised in a postcivilized era in which a lone can of Coca-Cola is a treasure, encounter no miraculously budding tree in the wasted landscape, no fish jumping from a dead ocean. The best they get is a rheumy-eyed old man (the great Robert Duvall) who considers death a luxury. Bands of cannibals rule the land, favoring children as meals. It's hopeless except for, as in McCarthy's book, the driving force of the narrative: a father's fierce devotion to his child. "The child is the warrant," Mortensen tells...

Author: /time Magazine | Title: The Road on Film: Beautiful, Bleak | 11/30/2009 | See Source »

Your article on boxer Manny Pacquiao, the people's champ who has brought great honor to the Philippines, captures his impact [Nov. 16]. However, most Filipinos do not want him to enter politics there, as evidenced by his lost bid for a congressional seat in 2007. The good name he has painstakingly built for himself would be tainted, if not lost, as soon as he entered that lion's den. Instead, he could use his popularity to unify divided Filipinos, especially during election time. Such an act would boost his place in Philippine history more than any public office there...

Author: /time Magazine | Title: Inbox | 11/30/2009 | See Source »

...Silver-Spoon Voluntourism"--high-end hotels facilitating eco-friendly projects for guests--is genius [Nov. 16]. I think it is great that a hotel as regal as the Ritz-Carlton, a hotel I would not ordinarily associate with community service, is taking action. President Obama should be happy he doesn't have to do it alone anymore...

Author: /time Magazine | Title: Inbox | 11/30/2009 | See Source »

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