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...they will do so soon. An agreement with the Iraqi government requires all U.S. combat troops to leave Iraq's major cities and towns by the end of this month, and a national referendum planned for January will probably bring forward the complete withdrawal of U.S. troops to mid-2010. The U.S. military footprint has already shrunk significantly. Even the Green Zone, once an American fortress, is now guarded mainly by Iraqis. The generals have handed off responsibility for nonmilitary duties, such as managing power stations and water supplies. "There's been a shift from a military lead in reconstruction...

Author: /time Magazine | Title: Christopher Hill: The Negotiator | 6/22/2009 | See Source »

...strands of statistics and pro-market ideology came together in the mid-1960s. It was the great MIT economist Paul Samuelson who made the case mathematically that a rational market would be a random one. But Samuelson didn't share Friedman's political views, and he never claimed that actual markets met this ideal. It was at Chicago that a group of students and young faculty members influenced by Friedman's ideas began to make the case that the U.S. stock market, at least, was what they called "efficient...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...move prices) and lamented at the 1984 meeting of the American Finance Association that "virtually no mainstream research in the field of finance in the past decade has attempted to account for the stock-market boom of the 1960s or the spectacular decline in real stock prices during the mid-1970s...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...star's other movies. It's based on the Sid and Marty Krofft live-action adventure show - about a man and his son and daughter who are trapped in a time-warp landscape of dinosaurs and talking lizards - that lasted for just 43 episodes on Saturday mornings in the mid-'70s. The series is recalled fondly for its hokey acting and the aliens whose costumes had visible zippers. But its puny pedigree doesn't eliminate it from big-screen retooling. Indeed, if a TV show from the '60s or '70s had a premise elementary enough to be pictured...

Author: /time Magazine | Title: Land of the Lost: Delusions of Manhood | 6/15/2009 | See Source »

...government "froze" the settlements in 2003 but has surreptitiously supported building through a network of agencies, so building approval increased at a rate of 40% between 2007 and 2008 alone, according to Yesh Din, an Israeli organization suing to stop outpost settlements. So much building has happened since the mid-1990s that the West Bank resembles a Jackson Pollock drip painting of Jewish and Arab lands, connected and disconnected by bypass roads and cement blocks. The old Green Line border, now morphing into a wall, has literally doubled in size to account for myriad new thrusts into, twists around...

Author: /time Magazine | Title: Netanyahu, in Turnabout, Backs Palestinian State | 6/15/2009 | See Source »

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