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...think there's any perfect solution, because the essence of a free-market economy is that people are allowed to make mistakes. And some of these bubbles have a good side. The Internet bubble of the 1990s brought us Amazon and eBay. They're still with us. Stabilizing the economy isn't the final goal. Having a little bit of turmoil, as long as it doesn't get out of hand, is part of creative destruction. You have a history of highlighting parts of the economy that have gotten out of hand before other people are paying attention. What...

Author: /time Magazine | Title: Yale's Robert Shiller on the Outlook for Home Prices | 5/6/2009 | See Source »

...Researchers expect a certain number of bad reactions during clinical trials; some of these reactions can cause serious medical problems. If patients enter a trial with multiple complications - if they are, say, not only depressed, but also cocaine-addicted, hypertensive and diabetic - you dramatically increase the chances of adverse side effects. "That's why trials to determine efficacy are done on a relatively homogeneous population," Wisniewski says...

Author: /time Magazine | Title: Why Antidepressants Don't Live Up to the Hype | 5/6/2009 | See Source »

Compared with Veratect, Google Flu Trends' metric is somewhat simpler. From 50 million potential search topics, Google engineers narrow down a relevant grouping of flu-related search terms, which they track each fall at the start of the annual flu season. When analyzed side by side with CDC records of confirmed flu cases for the past five flu seasons, Google Flu Trends was 97% to 98% accurate in tracking the disease. And because Google's analysis is in real time, its estimates of cases come about a week or two before those of the CDC. "Each flu season...

Author: /time Magazine | Title: Is Google Any Help in Tracking an Epidemic? | 5/6/2009 | See Source »

...proceedings. It's not even that Sessions is a dedicated antiabortion, antitax conservative, a vocal opponent of granting citizenship to illegal immigrants who helped tank immigration-reform efforts in 2005 and 2006. It's that he himself has quite a bit of history being on the other side of a bitter judicial nomination fight, one that he lost after being accused of holding some objectionable views on race. (See pictures from Obama's first 100 days...

Author: /time Magazine | Title: Sessions Could Make Obama's Supreme Court Fight Tougher | 5/6/2009 | See Source »

...Twenty-three years ago, the same committee he now leads on the Republican side rejected Sessions' nomination to the federal bench. President Ronald Reagan already had more than 200 conservative judges confirmed when he nominated Sessions, then the young U.S. Attorney for the Southern District of Alabama, to the U.S. District Court in Alabama. At his confirmation hearing, Democrats tracked down a Justice Department employee named J. Gerald Hebert who had worked with Sessions on civil rights cases. Hebert told the committee that Sessions had once complained to him that the American Civil Liberties Union and the National Association...

Author: /time Magazine | Title: Sessions Could Make Obama's Supreme Court Fight Tougher | 5/6/2009 | See Source »

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