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...should own symbols of the past: "Repatriation is usually connected to the idea that a country's modern cultural identity is tied to the objects of its ancient history, that those objects are the tangible symbols of the link between a nation's past and its present. The debate is thick with the sense of stolen identity, of the theft of a nation's very soul, which is largely why this debate surpasses legal minutiae to take on moral overtones...

Author: /time Magazine | Title: Who Owns Ancient Treasures? | 11/6/2008 | See Source »

...follows - the 'forget' part of the toilet experience - is the long and costly process of sanitizing the water that was clean before you answered nature's call. In the developed world, the flush toilet is our only direct link to the enormous - and exorbitant - engineering feat that is the modern urban sanitation system: the sewers, filtration plants, water treatment facilities, and finally, treated water disposal channels that send the scrubbed water into our rivers and lakes...

Author: /time Magazine | Title: Is It Time to Kill Off the Flush Toilet? | 11/6/2008 | See Source »

Over the past two decades, wall street and the rest of the financial ecosystem became obsessed with the quantification of risk. Assigning numbers to the chance of something bad happening is a centuries-old endeavor--mortality tables have been used to devise insurance premiums since the 18th century. With modern computing power, though, financial engineers captured, packaged and sold risk exposure in startlingly new ways. Buying protection against a bad corn harvest or a spike in interest rates was just the beginning. Over time, as instruments became more complex, a huge shift occurred. Risk itself became the thing to trade...

Author: /time Magazine | Title: Reassessing Risk | 11/5/2008 | See Source »

...loyalty Alaska voters feel for Stevens (whose federal budget largesse left him with more presents to hand out than Santa Claus) may have predisposed them to believe his view of events. In a debate last Thursday with Begich, Stevens made one of the most laughable claims in modern political history, saying he had "not been convicted of anything," despite the federal court result. But Alaskans may have bought his contention that the case, decided thousands of miles away in Washington, D.C., was a noxious mix of prosecutorial misconduct and a runaway jury. Helping Stevens' argument was the revelation this week...

Author: /time Magazine | Title: Ted Stevens Sins, and (Likely) Wins | 11/5/2008 | See Source »

...Road Ahead Modern history is a cautionary tale of new Presidents who overreach and emboldened lawmakers careless with power. In her unsuccessful fight to hold her North Carolina Senate seat, Elizabeth Dole ran an ad predicting that "these liberals want complete control of government, in a time of crisis. All branches of government. No checks and balances. No debate. No independence." If Democrats like her opponent win, she warned, "they get a blank check." The rumbling started before the votes even came in: there was House Financial Services Committee chairman Barney Frank talking about cutting military spending 25% and taxing...

Author: /time Magazine | Title: How Obama Rewrote the Book | 11/5/2008 | See Source »

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