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...that cosseted offspring can lack the thrift, independence, ambition, persistence and entrepreneurial spirit that contributed to their parents' success. Most people have heard of the "shirtsleeves to shirtsleeves" curse, which holds that family wealth, once accumulated, is typically dissipated by the third generation because trust-fund babies, having little regard for the money that has come to them without toil, lack the motivation to strive. It's a worry even to - perhaps especially to - the superrich. In a recent interview in London's Sunday Times newspaper, Indian-born steel tycoon Lakshmi Mittal said flatly that "money is a curse...

Author: /time Magazine | Title: No Free Rides, Kid | 11/13/2008 | See Source »

...challenge lies not in the tone he takes with the Russians but in the substantive policy choices he makes. While Medvedev may in part have been testing whether he can fluster Obama, he's more interested in probing the Democrat's ambiguous position on missile defense. And in that regard, Obama faced another test near the time of the Medvedev phone call...

Author: /time Magazine | Title: Obama's First Diplomatic Test | 11/13/2008 | See Source »

...Some students regard the thesis as a crowning achievement and others quite frankly feel like they could benefit from more coursework,” Shapin said...

Author: By Victor W. Yang, CONTRIBUTING WRITER | Title: The Evolution of History of Science | 11/11/2008 | See Source »

...While many Protestants in Northern Ireland's majority Democratic Unionist Party (DUP) view the hunger strikers as little more than convicted terrorists set on suicide, Catholic republicans allied to the DUP's power-sharing partners, Sinn Fein, regard Sands as an iconic political hero. Given the politically loaded history of the prison, agreeing on what the new Maze should symbolize has proved as tricky as an escape from Alcatraz...

Author: /time Magazine | Title: Site of IRA Hunger Strike Haunts Northern Ireland | 11/11/2008 | See Source »

Rushdie emphasized this with regard to Islam, whose understanding of the Koran as an inerrant divine document dictated by an angel to the prophet Mohammed makes any Muslim study of its non-supernatural origins almost impossible. One of the several things that offended Khomeini was The Satanic Verses' willing creation of a fiction around precisely that historical process. But in some ways historical research is more threatening than invention. "There is so much contemporary scholarship about the origins of Islam," Rushdie said, pointing out that Mohammed lived well within the historical era. "If you insist that the text...

Author: /time Magazine | Title: God for the Godless: Salman Rushdie's Secular Sermon | 11/8/2008 | See Source »

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