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...chance of something bad happening is a centuries-old endeavor--mortality tables have been used to devise insurance premiums since the 18th century. With modern computing power, though, financial engineers captured, packaged and sold risk exposure in startlingly new ways. Buying protection against a bad corn harvest or a spike in interest rates was just the beginning. Over time, as instruments became more complex, a huge shift occurred. Risk itself became the thing to trade--and to make money on. In the process, risk was redistributed to the people who could best handle it, making everyone safer...

Author: /time Magazine | Title: Reassessing Risk | 11/5/2008 | See Source »

...like the Centerhotel Thingholt - are as low as $60 a night. Sure, if you go in the late fall or winter you'll get only about five hours of sunlight a day - but Icelanders know how to make those hours count. Move fast - tourist agencies are reporting a huge spike in visitors to Iceland...

Author: /time Magazine | Title: 5 Best Places to Travel in a Recession | 11/4/2008 | See Source »

...This time, with a Republican in the White House and change in high demand, Democrats are poised to benefit from a projected youth voter spike. Obama leads Republican John McCain by 26 percent among 18-to-24-year-olds, according to the most recent Institute of Politics survey—nearly double the lead Democratic challenger John Kerry held over George W. Bush...

Author: By Alexander R. Konrad and Clifford M. Marks, CRIMSON STAFF WRITERS | Title: Will the Youth Vote Come Out for Obama? | 11/2/2008 | See Source »

...world would be a recession-proof business. But Japan's economy, the world's second largest, is weakening so quickly, not even seemingly strong enterprises are safe. In September, the number of Japanese companies filing for bankruptcy shot up 34.5% compared with September 2007. That's the biggest spike in business failures since March...

Author: /time Magazine | Title: Japan Offers a Lifeline to Failing Businesses | 10/31/2008 | See Source »

This time, he said, the complaints were representative of a recent spike in vandalism that necessitated a campus-wide announcement...

Author: By Charles J. Wells, CRIMSON STAFF WRITER | Title: Harvard Dean Stresses Free Speech After Vandalism of Right to Life Posters | 10/24/2008 | See Source »

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