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...efficient market, otherwise there's nothing to stop zealots from pricing things abnormally high. If you buy one of these long securities, called UMM, it's like buying a house, except you don't have to go through the real estate agent, take possession of a property, maintain it, rent it out. But we also have the DMM, which is short housing. Markets like this will also create an infrastructure for products. For example, insurers could issue home-equity insurance and then hedge themselves by taking a position in this market...

Author: /time Magazine | Title: Yale's Robert Shiller on the Outlook for Home Prices | 5/6/2009 | See Source »

...that restaurants in the capital city would reopen by May 6, with churches and museums following soon afterward. In the U.S., where the CDC has confirmed 286 cases of H1N1 in nearly every state, health officials noted that the illness remained mild. Still, officials point out the need to maintain strict surveillance for new cases, in the U.S. and especially in countries in the southern hemisphere, where flu season is about to begin. (See the top five swine...

Author: /time Magazine | Title: Swine Flu Shows Need for Better Animal Testing | 5/5/2009 | See Source »

...source of funding for the University’s different schools that accounts for 40 percent of the Law School’s annual revenue. A recent University request for a 10 percent reduction in the Law School budget has made staff layoffs inevitable as the school works to maintain its commitments to financial aid and its educational priorities, Jackson said in an interview with The Crimson Monday. “These are material changes that will affect our budgets in future years,” Jackson said. “We will need to reduce our staff levels...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Law School Will Cut Staff To Trim Budget | 5/5/2009 | See Source »

...options against a very short set of criteria. Did a proposal reduce taxation or increase it? Did it expand economic freedom or restrict it? Did it strengthen Britain's role in the world or diminish it? Did it reward initiative or encourage dependency? Keeping things simple enabled her to maintain focus on what she really wanted to achieve...

Author: /time Magazine | Title: Three Things Obama Could Learn from Thatcher | 5/4/2009 | See Source »

...militants from Buner," as army spokesman Major General Athar Abbas noted. Two weeks ago, Pakistan's parliament had endorsed a peace agreement that involved the imposition of Islamic Shari'a law in the Malakand Division, which includes Swat and Buner. The Taliban insist that it allowed them to maintain an armed presence; the military rejects that claim and made clear its intention to limit the Taliban from further advances. But the U.S. had deemed even the original Malakand deal, which was announced in mid-February, a dangerous concession to the militants, and Washington wants Pakistan's security forces to drive...

Author: /time Magazine | Title: Pakistan and the U.S. Still at Odds over Taliban Threat | 5/4/2009 | See Source »

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