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Dates: during 2000-2009
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Fisher fell on hard times after the 1929 crash--getting by thanks only to the generosity of a wealthy sister-in-law and his employer, Yale--and so did the myth of the rational market. For a few decades, financial markets were seen as unruly beasts that had to be tamed with tight regulation to help protect the hard-earned savings of regular Americans. But memories of the 1930s eventually faded, and in the 1950s, the idea that markets knew best began its comeback. This was part ideological reaction to the antimarket conventions of the day, part scientific progress...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...Apparently, they translate well. After a series of sold-out shows, the Chinese version of the show is being hailed as a hit. "I'd never, ever seen anything like that!" a student leaving the show told a Huffington Post blogger. (Read a Q&A with Ensler...

Author: /time Magazine | Title: In China, V Is for The Vagina Monologues | 6/22/2009 | See Source »

...Friday night, I witnessed how national television can affect ordinary Iranians, especially in the absence of other sources of information. When I started a conversation with my driver, he returned to me, almost verbatim, parts of the leader's speech as well as news reports that I, too, had seen on state TV. He said the leader was right, that it was impossible to rig 11 million votes and that those creating the chaos were foreign agitators. "The students claim five were killed in a raid to their dormitories. They showed one of the students who they claimed was dead...

Author: /time Magazine | Title: Forbidden Iran: How to Report When You're Banned | 6/22/2009 | See Source »

...attack on Google is seen by some as an attempt to divert criticism from the controversy over filtering software. "It doesn't seem like a coincidence that [the attack on Google] comes amid mounting criticism of Green Dam, whose ostensible purpose is to block porn," says Rebecca MacKinnon, a former Beijing bureau chief for CNN who is writing a book about the Internet in China. "Now they're trying to show what a bad job Google does in protecting China's children...

Author: /time Magazine | Title: Chinese Government Attacks Google Over Internet Porn | 6/22/2009 | See Source »

...organizing to undermine the regime. According to Mohaddessin, sympathizers secretly monitored more than half the polling stations during the presidential election, providing the NCRI with enough information to claim that scarcely 15% of Iranian voters bothered casting ballots at all, a number at odds with the reportedly massive turnout seen by foreign media and other observers and the government figure that put participation at 85%. (See five reasons to suspect Iran's election results...

Author: /time Magazine | Title: In Iran Crisis, Paris Exile Group Plays Disputed Role | 6/22/2009 | See Source »

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