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...that sense, the greatest strength of science is also its greatest weakness. Science advances through perpetual disagreement and revision; scientists establish rigorous methods and standards to work toward the achievement of truth, and never seek to predict outcomes unconditionally. These practices allow for the exhilaration of unexpected discoveries. But it comes with a caveat: When the scientific method is turned inward to examine its own premises, it becomes destabilized. An ideological breach opens, in which, theoretically, a God or ethics could exist...

Author: By Bilal A. Siddiqui | Title: The End of Science | 1/30/2009 | See Source »

...same time, Republicans have a major political incentive to resist working with Obama and the Democrats. Few economists predict that the economy will be fully recovered by the 2010 election, with or without the stimulus, making it all but certain that Republicans will run for re-election against Obama's economic record. Already, such campaign rhetoric has been seeping into the debate. "The only thing this bill will stimulate is more government and more debt," said Representative Mike Pence, a conservative leader. (See pictures of John McCain's presidential campaign...

Author: /time Magazine | Title: The Stimulus Bill's Bumpy Ride | 1/30/2009 | See Source »

...enemy of action. Lerner and Keltner showed the corrosive effects of fear in a 2001 paper in the Journal of Personality and Social Psychology. Those who scored high on measures of fear, they found, were consistently less willing to take risks during games and more likely to predict their lives would turn out badly. The fearful are far more pessimistic, and it's a short journey from pessimism to withdrawal...

Author: /time Magazine | Title: Feeling Our Way Out of the Recession | 1/29/2009 | See Source »

...Social Security are supposed to be insurance against the perils of old age: poverty and illness. They are not supposed to be gifts or subsidies to the children of retirees. Yet that is what, in large part, they have become. The reason for insurance is that you can't predict the future. If an elderly woman has diabetes and her husband needs heart surgery, then dies anyway, leaving her impoverished, Medicare and Social Security should be there for her. And if it all costs far more than she ever put into the system, that...

Author: /time Magazine | Title: Entitlement Myths | 1/29/2009 | See Source »

...outlook is that home prices will continue to fall, bottoming by the end of this year, but it won't be until the end of 2010, maybe even 2011, that we'll see steady price gains," says Celia Chen, an economist at Moody's Economy.com. Chen and her colleagues predict that home prices, as measured by Case-Shiller, are due to drop some 30% from their early-2006 peak. We're only about two-thirds of the way there. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Housing Prices Keep Dropping. And They're Not Done Yet | 1/28/2009 | See Source »

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