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...late 1990s and in housing in the early 2000s. He was largely ignored both times--until he turned out to be right. Unwillingness to countenance the possibility that market prices might be wildly wrong defined the behavior of regulators, corporate executives and most Wall Streeters during both the tech-stock and real estate bubbles...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...train bucks ($8 billion this year and $1 billion in each of the next five years) began this week. States like Florida are vying for big chunks of it - not only as free funding for a traffic decongestant they thought they couldn't afford, but also as a high-tech pump primer for the kind of higher-wage jobs that low-wage economies like Florida's need. Current Florida governor Charlie Crist, who has angered conservatives in his Republican Party by embracing Obama's overall stimulus program - and who has reversed much of Jeb Bush's antigovernment agenda - said recently...

Author: /time Magazine | Title: U.S. Stimulus Puts Bullet Trains on the Fast Track | 6/22/2009 | See Source »

...most any episode of CSI will tell you, DNA testing is a staple of modern crime investigations. But only now is the U.S. Supreme Court wading into the murky legal terrain surrounding high-tech fingerprints in forensics. A sharply divided court ruled on June 18 that prisoners do not have a constitutional right to DNA testing that could prove their innocence, deciding against an Alaska man convicted of rape and assault who sought a more sophisticated test of genetic material found at the crime scene. Four Justices supported the man, William Osborne, but the court's majority said the decision...

Author: /time Magazine | Title: DNA Testing | 6/19/2009 | See Source »

...Davis, a moderate Republican from Virginia, has emerged as a leading candidate for the Obama Administration's newly created position of cybersecurity czar. Sources familiar with the White House's deliberations on the subject say Obama officials feel a Washington power player would make a better candidate than a tech guru. "They want someone who understands technology issues, but more importantly, knows how to get things done in Washington," says a cybersecurity expert who has been consulted by the White House. "There are very few people who have that combination of skills, and Davis is at the top of that...

Author: /time Magazine | Title: A Favorite Emerges in Obama's Cyberczar Search | 6/19/2009 | See Source »

...announced last month that he would personally pick the cybersecurity czar, who would report to the National Security Council and the National Economic Council. The cybersecurity community has for weeks been speculating about who will get the job. Many experts agree the President should not limit his search to tech gurus. "You don't need a doctor running health care, and you don't need a technologist running cybersecurity," says retired Major General Dale Meyerrose, of the consulting firm Harris Corp., who until recently was chief information officer for the Director of National Intelligence...

Author: /time Magazine | Title: A Favorite Emerges in Obama's Cyberczar Search | 6/19/2009 | See Source »

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