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...same exponential multiplication of funds that makes a Ponzi scheme impossible to sustain also means that, at first, it makes you very rich, very fast. "The financial payoff is so much larger," says Minnesota-based forensic psychologist Steven Norton. "The money comes in, the power comes in and that pushes them." What's more, says Galieti, the pyramid structure of a Ponzi scam means that there can be only one person at the pinnacle - an appealing idea for a narcissist who would just as soon not work invisible frauds inside a big investment bank...

Author: /time Magazine | Title: Putting Bernie Madoff On The Couch | 12/31/2008 | See Source »

...this week, with oil hovering at around $43 a barrel, the cartel's combined daily earnings stood closer to $1.2 billion. Saudi Arabia's oil minister Ali Al-Naimi said last month that Opec members needed a price range of between $60 and $80 a barrel in order to sustain their exploration and costly production. To achieve that, he recommended that the cartel, which pumps 42% of the world's oil output, makes "a significant cut" in production - and urged non-Opec producers such as Russia and Azerbaijan (whose oil ministers also attended the summit) to do the same...

Author: /time Magazine | Title: OPEC Cuts Production in Effort to Reverse Price Slide | 12/17/2008 | See Source »

...medium to innovate in those areas. The Internet provides a great opportunity for new, engaging artistry in journalism. Newspapers must not let that opportunity pass by.None of this is to say that print journalism should be abandoned completely. There will always be a market for the written word, and sustaining print is especially important as papers experiment with new business models online. To keep print journalism alive, we encourage all readers who believe in its value to subscribe to print newspapers and sustain the industry. Ultimately, the power to save print newspapers lies with the readers, a power they ought...

Author: By The Crimson Staff | Title: Out of Print | 12/15/2008 | See Source »

Closer to home, "Ithaca Hours," with a livable hourly wage as the standard, were launched during the 1991 recession to sustain the economy in Ithaca, N.Y., and stem the loss of jobs. Hours, which are legal and taxable, circulate within the community, moving from local shop to local artisan and back, rather than leaking out into the larger monetary system. The logo on the Hour reads "In Ithaca We Trust...

Author: /time Magazine | Title: Alternative Currencies Grow in Popularity | 12/14/2008 | See Source »

...fact, our exit strategy," Defense Secretary Robert Gates told U.S. troops in Kandahar last week. But that's a strategy that could leave U.S. forces in Afghanistan for quite some time to come. The economy of impoverished Afghanistan is unlikely, for the foreseeable future, to be able to sustain an army big enough to guarantee the country's security. And that's just one of several thorny issues likely to make success in Afghanistan harder to achieve than in Iraq - unless the U.S. scales back its ambitious goals for the country. Such a rethink may be in the cards...

Author: /time Magazine | Title: Why the US Will Scale Down Its Goals in Afghanistan | 12/14/2008 | See Source »

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