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...systems," he says, chatting at his house a few blocks from the University of Chicago, where he teaches. (A video of the interview is at time.com/levitt.) Aside from the complexity, there's a crucial data limitation. "We have one macroeconomy," Levitt explains. "We get to watch the world unfold once." That means we have no way of knowing for sure whether the bank bailouts, to name one topical example, helped the economy or hurt it. (See the top 10 financial-crisis buzzwords...

Author: /time Magazine | Title: Is the World Ready for Freakonomics Again? | 10/26/2009 | See Source »

...recent Friday when their country's election crisis continued to unfold, a clique well to do Afghans flew kites on dusty Nadir Shah Hill in Kabul. The hill is famous for this - sometimes it is simply called Kite Hill. It is a dusty, rutted place, overlooking the city. "This isn't proper," says Mohammed Ushan, 54, who works at the ministry of construction. "The Municipality of Kabul ought to take better care of this hill." His friend, Aziz Ullah Kukchar, 37, adds that the whole place ought to be developed. "If there was a proper park, and restaurants, and billiards...

Author: /time Magazine | Title: On a Kabul Hill, the Dogs and Kites of War | 10/25/2009 | See Source »

...existential questions. Each occupies himself with an interminable quest: Wacholder wants to destroy his doppelganger figure Würz; but Aslan wants to write literary masterpieces, copies others instead; Leo never leaves his bed and only thinks about existence. Their stories—if there are any—unfold through their pathetic attempts to reach the unreachable. Wacholder, for example, tries to eliminate Würz, who might as well be Wacholder himself, by writing him half threatening and half incomprehensible letters; by inventing imaginary, toxic juice; or by simply thinking that Würz does not exist...

Author: By Shijung Kim, CONTRIBUTING WRITER | Title: Austrian Lind’s ‘Ergo’ a Labor of Post-War Melancholy | 10/23/2009 | See Source »

...That would spell trouble for stocks were it not for high investor confidence that a blockbuster fourth quarter is about to unfold. "Earnings on a year-over-year basis are expected to more than double in the fourth quarter," says Van Dijk, thanks largely to big recovery in the financial sector. In the final quarter of 2008 AIG imploded, losing $38 billion. With that ball of lead no longer weighing down the financial group average, earnings will surge. (See pictures of the top 10 scared stock traders...

Author: /time Magazine | Title: Will Earnings Reports Push Stocks Higher? | 10/20/2009 | See Source »

...Wrath” and “Envy,” the characters are costumed in formal wear that enhances the austerity of the scene. The stiff feel of their outfits reminds us that we are not meant to feel at ease when watching these two tragic stories unfold...

Author: By Athena L. Katsanpes, CONTRIBUTING WRITER | Title: Hyperion’s ‘Sins’ Dead On in Entertainment Value | 10/16/2009 | See Source »

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