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...appear to have calmed a worldwide market panic and eased fears of a devastating series of bank collapses. Investors from Tokyo to Tunis immediately sent stock prices shooting up again after a week of historic losses. But it's still far too early to celebrate. The measures need to prove their effectiveness by unfreezing lending. And there's still the huge challenge - no less urgent than fixing the banking system - of preventing an economic slump...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

Athletes, we get it. Unlike the vast majority of this campus, for whom gym class was a nightmare, you can actually play sports. But you don’t need to constantly prove this by wearing your sweatpants and your sweatshirts like some sort of gloriously sporty tuxedo...

Author: By Meaghan E Lyons, CONTRIBUTING WRITER | Title: BAD TREND ALERT: DHA Tuxedos | 10/15/2008 | See Source »

...Divine Bank Deposit Rabbi Nevins cautions, "When I ask God for help, I'm not asking for an extra miracle, for a great hand to drop a wad of cash on my mortgage." Such supernatural interventions may occur, he says, "but I just don't know how to prove that." Says Ali: "God accepts our prayers, but God acts based on his wisdom." Says Martin: "If you imagine that God is like a cosmic gum-ball machine, you have to start rethinking your image of God. The help may not come as quickly or in the exact way that...

Author: /time Magazine | Title: Is It OK to Pray for Your 401(k)? | 10/14/2008 | See Source »

...17th century, the Vatican's standards for sainthood were formalized. A non-martyr would need to have performed four posthumous miracles, usually spontaneous healings. (Today, the church requires a team of doctors to verify their veracity and prove that miraculous healings were not the result of modern medicine.) The process included two major steps: beatification, the pope's recognition that a person is worthy of consideration, which begins a lengthy investigation process; and canonization, the pope's formal recognition that a person is truly a saint. In each case the argument for sainthood would be rebutted by a Devil...

Author: /time Magazine | Title: Sainthood | 10/13/2008 | See Source »

...five countries - Russia, the U.S., Canada, Norway and Denmark - each control a 200-mile economic zone along their coasts in the Arctic region. None of these economic zones reach the North Pole. Under the current U.N. Maritime convention, one country's zone can be extended only if it can prove that the continental shelf into which it wishes to expand is a natural extension of its own territory. In August 2007 two Russian submersibles reached the bottom of the North Pole and left a titanium-made Russian flag there. Putin alleged that the expedition delivered proof of Russia's claims...

Author: /time Magazine | Title: Why Russia Is Bailing Out Iceland | 10/13/2008 | See Source »

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