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...centuries, Europeans believed that all swans were white - until black swans were discovered in Australia. A possibly minor moment in ornithology, but one that for Nassim Nicholas Taleb, a former trader turned philosopher, perfectly illustrates how poorly our past experience of the world can prepare us for sudden, unexpected, epochal events. His 2007 book, The Black Swan: The Impact of the Highly Improbable, gave rise to a new name for these moments, both positive black swans (the rise of the Internet) and negative ones (the 9/11 attacks). Taleb has argued that much of the recent market turmoil has been...

Author: /time Magazine | Title: Nassim Nicholas Taleb | 10/24/2008 | See Source »

...Recessions tend to raise divorce rates," says Nobel laureate and University of Chicago Graduate School of Business economist Gary Becker. "But you won't see a pandemic." Census Bureau figures show that over the past 2 1/2 decades, recessions have had only minor effects on divorce rates, which have been slowly waning since the early '80s after 20 years of steadily rising. Those trajectories have been influenced more by the rise of the women's movement and women's earning power, lower fertility and changes in divorce laws than by dour Dows. The only recorded spike in divorces...

Author: /time Magazine | Title: Will the Market Kill Your Marriage? | 10/23/2008 | See Source »

...underground world of mole-men. Hodgman plans to turn his trivia books into a trilogy, but for the time being readers must be content with only two. More Information Than You Require comes out Oct. 21; Hodgman talks to TIME about the financial crisis, his accidental role as a minor television personality, and of course, the mole...

Author: /time Magazine | Title: John Hodgman | 10/21/2008 | See Source »

...Major General Cone recognizes that turning the Afghan National Police into a professional force will take years. Khalil is simply a minor player on the bottom rungs of a ladder that goes much higher. "Right now there are too many people who can pick up a phone and say to their man in the Ministry of the Interior, 'Call down and move 200 guys this way,' or 'look the other way on this,'" says Cone. "Reform will be essential to fixing the police...

Author: /time Magazine | Title: Policing Afghanistan | 10/21/2008 | See Source »

Deep in the lower galleries of the Uffizi, a marble statue of Narcissus gazed into his mirrored pool. The statue was one of the museum’s minor treasures. Not only was the life-sized figure exquisitely carved; curators also pointed out that its bent-over posture marked a startlingly original advance in Renaissance composition...

Author: By Lesley R. Winters, CONTRIBUTING WRITER | Title: The Stable Boy: Chapter 10 | 10/17/2008 | See Source »

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