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...radio play itself became a textbook example of mass hysteria: in 1940, Princeton psychologist Hadley Cantril used an analysis of listeners' reactions to posit that social panics occur when large groups can't discern reliable sources of advice from unreliable ones. That said, there's little chance that a media hoax of this magnitude could happen again. We've grown too sophisticated, too cynical to believe that little green men from Mars with big silver spaceships will land in New Jersey, of all places. We're too smart, for example, to be fooled by telephone calls suggesting that John McCain...

Author: /time Magazine | Title: Orson Welles' War of the Worlds | 10/30/2008 | See Source »

...serious deflation, because he's convinced that serious deflation makes an economic downturn much worse by making it much harder for debtors to pay back loans. That's probably the right stance right now. When banks and consumers are both trying to cut back on their debts on a mass scale, deflation really is the big threat...

Author: /time Magazine | Title: What the Fed's New Interest-Rate Cut Really Means | 10/30/2008 | See Source »

...pile is Chetan Bhagat, whom fellow pop author Anirban Bose calls the "Tenzing Norgay and Edmund Hillary of Indian mass-market publishing." Bhagat's three books, the first of which was published in 2004, have sold more than a million copies. One has been made into a Bollywood film and another is in production. "Chetan Bhagat's success demonstrated that there was a huge market for Indian fiction, with everyday Indian characters acting out everyday Indian stories," says Bose. "Publishers took note that homegrown talent was finding a voice, and that publishing authors like us was not only not risky...

Author: /time Magazine | Title: Techie Lit: India's New Breed of Fiction | 10/30/2008 | See Source »

Mankiw, who advised former Mass. Governor W. Mitt Romney in the Republican primary, said that he decided not to advise another candidate this election cycle because he “saw strengths and weaknesses in both candidates...

Author: By Eric P. Newcomer, CONTRIBUTING WRITER | Title: Professor Panel Focuses On Policy Similarities | 10/30/2008 | See Source »

...Opposition to Gayoom's rule reached a peak in late 2003, when news leaked of government violence against political prisoners led to mass protests on the streets of the Maldives' capital, Male. "We had been telling the population that they deserved better," says Ahmed Moosa, a prominent opposition figure who said he fled to London after receiving death threats from elements within Gayoom's government. "Now we were able to expose the regime for the crimes it had committed." International pressure and defections from his own cadres slowly forced Gayoom to change tack and speak of democratic reform. Ibrahim Hussein...

Author: /time Magazine | Title: Maldives Rejects Leader in Election | 10/29/2008 | See Source »

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