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Support for a putsch has been building in Washington to replace Maliki with Iyad Allawi, the former Prime Minister. Allawi hired the Republican lobbying firm of Barbour Griffith and Rogers to get American backing (though he subsequently tried to create some illusion of distance by having his political party technically...

Author: /time Magazine | Title: Undermining Democracy in the Middle East | 9/12/2007 | See Source »

At last year's first International Medical Conference on Near-Death Experience, held in Martigues, France, eight participants describing themselves as "a group of dedicated physicians and researchers working in different scientific fields" released a statement. They said that while the NDE is mediated by chemical changes in the brain...

Author: /time Magazine | Title: At the Hour Of Our Death | 8/31/2007 | See Source »

The second experiment was conducted at Ecole Polytechnique F?d?rale de Lausanne in Switzerland, by a team including neurologist Olaf Blanke, whose work with out-of-body experiences suggests that their neural underpinnings reside in the brain's temporo-parietal junction. Blanke and his colleagues had participants watch their own backs...

Author: /time Magazine | Title: The Science of Out-of-Body Experiences | 8/23/2007 | See Source »

All these rising house values added trillions to our sense of national wealth, but it is an illusion. If everybody, or even a fraction of everybody, tried to cash in on this rising value, prices would collapse, and the value would disappear. (By contrast, there aren't millions of onion...

Author: /time Magazine | Title: Your House Is Worth Less? Good | 8/23/2007 | See Source »

To further complicate the picture, some firms create new "structured finance" products, called collateralized debt obligations, from pieces of other mortgage securities. These new bonds are re-rated, creating illusion of safety even though the top-rated bonds may include very risky original loans. Last year nearly $500 billion in...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

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