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...just wrote an entire book about how smart people make bad decisions. Maybe you could shed some light on the financial meltdown. Increasingly, we as human beings create systems that are more complex than we can comprehend. If you're designing an airplane you create redundancies to try to mitigate bad outcomes, but as we saw earlier this year with Air France 447, when certain cascading events line up, they can lead to a disaster that you just can't anticipate. In the realm of the social, we create institutions like global, interconnected markets. By and large when investors...

Author: /time Magazine | Title: Common Mistakes Even Smart Investors Make | 9/29/2009 | See Source »

...would like to be involved. They weren't offered any compensation - and only one turned him down. Powazek laid the photos out using Adobe InDesign, put together an introduction and sent it off to MagCloud. By the dawn of Sept. 25, barely 48 hours after the dust storm, Strange Light: Photos from the Great Australian Dust Storm was ready to roll off the presses. (See the top 10 magazine covers...

Author: /time Magazine | Title: From Natural Disaster Comes ... an Instant Magazine | 9/29/2009 | See Source »

...jobs as journalists is to be the referee, the honest broker who sorts through the accusations and says, This is fact, and this is fantasy. To do that, we asked editor-at-large David Von Drehle, based in Kansas City, Mo., to shed light on the Glenn Beck phenomenon as well as the larger idea of the anger of American politics today. "Clearly, Glenn Beck is extremely talented, and the man has struck a chord," Von Drehle says. "But the nature of politics right now rewards the people who play the least harmonious tunes...

Author: /time Magazine | Title: All the Rage | 9/28/2009 | See Source »

...after years of experience in the throes of fiscal maelstroms, Kirwan said she understands that she often needs a light-hearted approach to the challenges of cost-cutting—namely, in the form of a stuffed Grinch doll that she sometimes brings to her office...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Hires State Finance Official | 9/28/2009 | See Source »

...pictures of East Germany making light of its past...

Author: /time Magazine | Title: 'Much Work' Ahead for German Chancellor Merkel | 9/28/2009 | See Source »

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