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...study's authors speculate that people who witnessed the event in person were less offended by the racist behavior because of a psychological phenomenon known as the impact bias of affective forecasting, which is the tendency for people to overestimate how strongly they will react to emotional events. Failing to feel outrage, the participants may have then rationalized the racist comment as somehow acceptable and let it pass, the researchers...

Author: /time Magazine | Title: Study: Racist Attitudes Are Still Ingrained | 1/8/2009 | See Source »

...since 2004. By Jan. 7 the cost of oil for February delivery was around $43 a barrel - less than half the price of a year earlier. Goldman Sachs last month predicted that the price could sink to as low as $30 by March. For car owners, airlines and any person or company that uses a lot of fuel, plunging gas prices provide a financial break just when it is needed most...

Author: /time Magazine | Title: Oil's Sinking Fortunes | 1/8/2009 | See Source »

Over the course of 20 years, a person like Madoff could have stashed away a lot of bearer bonds, for a lot of money, in a lot of places. But what about the money trail? Couldn't transaction records lead investigators to these caches? "You'll likely see an amazing loss of memory and material in the months ahead," says the Treasury Department expert. "Computers will be lost, fires will be started, records and books destroyed. It always happens...

Author: /time Magazine | Title: Where Has Bernie Madoff Buried His Loot? | 1/7/2009 | See Source »

...TIME's Person of the Year, People Who Mattered, and more...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...people, and self-esteem. The tradition of not talking about money and not talking about your salary is something that has been long-standing over the past 40 years. I think that it's private because people feel that they don't want to reveal that personal part of themselves. For a lot of people it's wrapped up in how successful they are as a person. It is a very powerful force in intimate relationships, because whether you have a lot of money or a little money, it's always there. You don't ever escape its power...

Author: /time Magazine | Title: The Truth About Women, Money and Relationships | 1/7/2009 | See Source »

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