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...reason for the paradoxical results was straightforward enough: the majority of the wins the players tallied were for relatively small stakes. But the longer they played - and the more confident they got - the likelier they were to get blown out on one or a few very big hands. Win a dozen $50 pots and you're still going to wind up far behind if you lose a single $1,000 one. "People overweigh their frequent small gains vis-à-vis occasional large losses," Siler says...

Author: /time Magazine | Title: How Winning Can Mean Losing in Poker and Life | 1/13/2010 | See Source »

...that happens, and I assure you it will and sooner than you think, I will be very pleased." If al-Awlaki merely exhorted his audience to jihad, he might have gotten no more than passing attention from Washington. But intelligence officials and counterterrorism experts insist that he is no longer content to preach. His association with AQAP, which may be the terrorist network's most ambitious franchise, has brought al-Awlaki closer to the practice of terrorism. "Over the past several years, he has gone from propagandist to recruiter to operational player," a counterterrorism official tells TIME. "He is clearly...

Author: /time Magazine | Title: How Dangerous Is the Cleric Anwar al-Awlaki? | 1/13/2010 | See Source »

...thing that is striking about the Middle East is that women are no longer prepared to accept a subservient role. Meeting female entrepreneurs in the West Bank, I was struck by their determination to remove the obstacles designed to keep them in their place. In northern Israel as well, I chatted with women business students, drawn from all communities but sharing a common goal to become financially independent. (See pictures of the women of Cairo...

Author: /time Magazine | Title: The Change We Need | 1/11/2010 | See Source »

...event galvanized the country's commitment to being a full partner in the conflict, despite the inherent brutality of any war. "We have made clear," said Merkel's new Defense Minister, Karl-Theodor zu Guttenberg, on a visit to Washington in November, "that German soldiers are not any longer in the north only to dig holes for water and to wave at children. More and more, we are also in combat situations." (Read: "German Court Upholds Ban on Extra-Long Names...

Author: /time Magazine | Title: Angela Merkel's Moment | 1/11/2010 | See Source »

Malcolm X and Dr. Martin Luther King died violently. Percy's friends in the military died violently. But God let Percy down easy. He lived 40 years longer than Dr. King and Malcolm and made good use of that time. So many of us are indebted to him. We always want some special gift for Christmas. I suppose this time, heaven wanted a present...

Author: /time Magazine | Title: Percy Sutton | 1/11/2010 | See Source »

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