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...divestment argue that such “financial pressure” on companies that support the Sudanese government can help alter its political stances. While divestment is similar to traditional boycotting of products, classic economic theory predicts that it will have absolutely no effect. Unlike goods and services, whose prices can be affected by changes in demand, the price of a financial asset is determined by its expected returns. If a firm forgoes a profitable investment, then another firm will take advantage of that investment instead. In today’s world of highly mobile global capital, opportunities for profit...

Author: By Daniel P. Robinson | Title: Forget About Divestment | 12/17/2007 | See Source »

...Legend is the third major movie adaptation of the 1954 novel by Richard Matheson; the others were the The Last Man on Earth with Vincent Price in 1964 and The Omega Man with Charlton Heston seven years later. Matheson is a prolific, influential writer of horror and sci-fi novels, short stories and films, from Roger Corman's Edgar Allan Poe movies of the '60s to the seminal '70s TV films Duel (Steven Spielberg's first feature) and The Night Stalker and the '90s films What Dreams May Come and Stir of Echoes, based on his novels. Some of Matheson...

Author: /time Magazine | Title: Will Smith Gets Lost in His Legend | 12/14/2007 | See Source »

Cancer, commodities and China drove triple-digit price jumps this year (Jan. 1-Dec. 10), as did alternative energy...

Author: /time Magazine | Title: The 10 Best Stocks | 12/13/2007 | See Source »

...coup and has since appointed himself a Deputy Prime Minister, has promised to "accept the people's judgment." After campaigning began, the military announced that it needed nearly $9 billion over 10 years to modernize and buy new weapons, which reads very much like the price of its loyalty to the next government...

Author: /time Magazine | Title: A Vote for Nostalgia | 12/13/2007 | See Source »

...percent of their income, which is not even half the cost of a full tuition. My gut tells me that it is a lot of money, earned by a small percentage of the populace, and that it is money that could surely be better spent. But given the average price of attending a private school it is hard to argue against any sort of financial aid. Then, on an open-list, I read a seemingly valid argument against giving such aid to the upper middle classes. The argument goes something like this: Families earning $180,000 per year with long...

Author: By Robert G. King | Title: Aid for the Affluent | 12/13/2007 | See Source »

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