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After studying psychology at Yale and then playing drums in a pop-music group that never hit it big, Prechter joined Merrill Lynch in 1975 to do technical analysis, also known as chart-reading - the search for patterns in the movements of securities. The most famous of technical approaches is Dow theory, a rough model of market waves originally described by Wall Street Journal co-founder Charles Dow at the turn of the 20th century and refined and popularized in the subsequent decades by Journal editor William Peter Hamilton. Prechter studied Dow theory but soon moved on to the mostly...

Author: /time Magazine | Title: Riding the Waves of Irrational Behavior | 11/30/2009 | See Source »

...Hasan's fellow soldiers and one civilian dead, has increased what they say is widespread hostility toward their community. But it is surprising that Muslims in Dearborn should be fearful. After all, it's hard to imagine an American town where Muslims could feel less threatened: Dearborn (pop. 100,000) has 10 mosques in the area, more than any other city of comparable size. Muslims have had a presence in the Detroit area since the 1920s, when Henry Ford brought over thousands of workers from the Middle East to operate his giant River Rouge plant. People of Middle Eastern origin...

Author: /time Magazine | Title: Dearborn's Muslims Fear a Fort Hood Backlash | 11/30/2009 | See Source »

Still, a public figure could get used to the freelance life. Through her book (and Facebook), Palin gets to control her story. The interviews don't involve pop quizzes. And at a reported $5 million for Going Rogue, the paydays are lush. November 2012 is three years off, an eternity in the evolution of a reality-TV star. For now, there's no business like rogue business...

Author: /time Magazine | Title: Survivor: Alaska | 11/30/2009 | See Source »

People who drink black coffee do so with a certain macho pride, as if it were a feat of strength. In pop culture, black coffee has become a meme. It’s the John Wayne of caffeinated beverages—a metonym of stoicism, intensity, and general badassery. Every hack screenwriter knows that the fastest way to toughen up a character is to have him or her order a cup of black coffee. In the same way, its converse is a ready-brew instant joke. On “The Office,” Michael Scott drinks milk...

Author: By Molly O. Fitzpatrick | Title: Our Coffees, Ourselves | 11/25/2009 | See Source »

Public attention transitioned rapidly from intense interest to apparent indifference immediately after news broke of the death of pop star Michael Jackson...

Author: By Brian A. Feldman, CONTRIBUTING WRITER | Title: Talk Touts Twitter’s News Value | 11/25/2009 | See Source »

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