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...belief that financial markets are ruled not by fundamentals but by waves of irrational behavior. Lately, after a long run of relative obscurity, he's been getting lots of attention. So have other believers in cycles and waves: the New Yorker recently expended 10 pages on Martin Armstrong, a self-taught forecaster (currently imprisoned for fraud) who made several eerily on-the-mark calls using a formula based on the mathematical constant pi. Prechter appeared in that piece too, but only briefly. He comes across as too reasonable to play a starring role in such a contorted tale...
...Viggo Mortensen's dirty, hairy (but still pretty) face rose up from the ashy grave of America, bringing McCarthy's "Man" to life in John Hillcoat's bleakly beautiful movie, I was torn between feeling sorry for my unaccompanied self and feeling sorry for the filmmakers. I read McCarthy's lean, brutalizing novel in one unhappy gulp 15 months ago and only recently began to consider myself healed. How do you lure people to a movie made from a book that itself probably should have borne a mental-health warning from the surgeon general? Do you target the innocents...
...debt this time last year-about the same as the value of all the goods and services produced in South Korea annually. We've bought so much stuff that we've struggled to find places to fit it all. The U.S. went from having 300 million square feet of self-storage space in 1984 to 2.4 billion square feet in 2008, according to the Self Storage Association, a 700% surge. By 2005, one in five new houses came with three garage bays-the third, real-estate agents explained, to store all the "toys." (See which businesses are bucking the recession...
...surplus of dopamine is at the root of addiction, for instance: Cocaine, for one, works in part by preventing brain cells from reabsorbing dopamine that the brain has released in connection with pleasurable sensations. And once the brain has learned to like cocaine, it causes all kinds of self-destructive behavior to satisfy its cravings...
Danni Xie ’12, an economics concentrator and a self-described agnostic, says she doesn’t “think religion plays a large role in your interactions with other people...