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...market ideology came together in the mid-1960s. It was the great MIT economist Paul Samuelson who made the case mathematically that a rational market would be a random one. But Samuelson didn't share Friedman's political views, and he never claimed that actual markets met this ideal. It was at Chicago that a group of students and young faculty members influenced by Friedman's ideas began to make the case that the U.S. stock market, at least, was what they called "efficient...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...first thousand years of the Christian church, priests, bishops, and even popes could - and often did - marry. At least 39 popes were married men, and two were the sons of previous popes. The ideal of celibacy existed, but as a teaching from the Apostle Paul, not a church doctrine. In his first letter to the Corinthians, Paul argued simply that single men had fewer distractions from their godly work: "He that is without a wife is solicitous for the things that belong to the Lord, how he may please God. But he that is with a wife, is solicitous...

Author: /time Magazine | Title: Sex and the Priestly: Father Cutie Renews Celibacy Debate | 6/21/2009 | See Source »

...raised by a single mom. Single moms can do a great job. But the ideal for children ... is to be in a home with a man and a woman. And the government should strive for the ideal." - Explaining his opposition to same-sex marriage (CNN's "State of the Union," April...

Author: /time Magazine | Title: Senator John Ensign: 'I Had an Affair' | 6/18/2009 | See Source »

...This makes Twitter practically ideal for a mass protest movement, both very easy for the average citizen to use and very hard for any central authority to control. The same might be true of e-mail and Facebook, but those media aren't public. They don't broadcast, as Twitter does. On June 13, when protests started to escalate, and the Iranian government moved to suppress dissent both on- and off-line, the Twitterverse exploded with tweets from people who weren't having it, both in English and in Farsi. While the front pages of Iranian newspapers were full...

Author: /time Magazine | Title: Iran Protests: Twitter, the Medium of the Movement | 6/17/2009 | See Source »

...Josh Baran, a New York Buddhist who has facilitated the Western trips of several high lamas, suggests that Hita's defection shouldn't cause adherents to lower their prayer flags. The West, he says, "has a romantic ideal that these lamas have some kind of super-vision and can look at a child and say, he's the one." While signs and portents may play a role in monastic successions, he explains, so do more worldly considerations. Tulkus often inherit considerable wealth and influence, and powerful monks will jockey to place their own candidates. The political needs of their lineage...

Author: /time Magazine | Title: When a 'Chosen' Tibetan Lama Says No Thanks | 6/8/2009 | See Source »

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