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...With stock markets collapsing around the world, nobody needs an illustration of where that kind of hubris can lead. Ordinary folks with bills to pay may smell something funny in fiscal instruments with names like "credit-default swaps," but when you work on Wall Street and people call you a "master of the universe," you think you can make the things pay off. Even nonpartisans would agree that George W. Bush waded into the Iraq mess with more certainty than strategy. And Bill and Hillary Clinton might actually have achieved health-care reform if they had tried negotiating with...

Author: /time Magazine | Title: Why Powerful People Overestimate Themselves | 3/10/2009 | See Source »

...village, with the unfortunate name of Nazi, was dusty and poor. Burmese villages, generally, are dusty and poor, but this place felt more downtrodden than most. The sour smell of anxiety pervaded the air. Eventually, O Lam Myit, the 75-year-old village patriarch, shuffled up, his eyes milky, his longyi (or sarong) frayed, a ragged prayer cap on his head. Like his father and grandfather, he was born in Arakan state. O Lam Myit laughed when I told him that many Burmese thought this village was populated only by recent economic migrants from Bangladesh. In 1978, he was returning...

Author: /time Magazine | Title: Visiting the Rohingya, Burma's Hidden Population | 3/10/2009 | See Source »

...other less attractive aspect of a very modest increase in hiring is that employers smell blood in the water now. They look at a line of two thousand people at a job fair that might have forty positions available in total and tell themselves that it is too good to be true. But, it isn't. Those PhDs will actually take a job for $10 an hour. It may be the only way that they can survive...

Author: /time Magazine | Title: Despite Rising Unemployment, Here's the Economics Of Hope | 3/6/2009 | See Source »

...tempting smell of grease from the Kong is what usually drags in hordes of hungry undergraduates craving spring rolls. But last Friday, it was the Chinese Student Association’s Banquet 2009 that had undergrads scrambling to dig their chopsticks into some lo mein and get their hands on a dumpling or two. For this festive affair, Leverett dining hall was transformed into a party scene packed with more than 350 guests, including students, tutors, and even professors. Dinner, consisting of a never-ending 14 courses, was catered by the Peach Farm restaurant in Chinatown. The restaurant?...

Author: By Ryan D. Smith, CRIMSON STAFF WRITER | Title: Dining in for a Change | 3/3/2009 | See Source »

...joke," says junior high school teacher Chen Kin-hsiang, who went because her students raved about it. "It's a little gross when you see other people eat," she says, "but when you're eating, you don't notice it, 'cause you're hungry and the aroma is appetizing." Smell is one poop-like quality the chef does without. (See pictures of China on the wild side...

Author: /time Magazine | Title: Edible Excretions: Taiwan's Toilet Restaurant | 3/2/2009 | See Source »

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