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...short, Asia's growth model resembles a vast Ponzi scheme, one that is precariously perched on the expectation that Americans will continue buying more and bigger TVs, computers and cars forever - which in turn allows Asia to forever goose its growth by adding industrial capacity to feed the West...

Author: /time Magazine | Title: Losing Traction | 2/26/2009 | See Source »

...cultures. Artifacts unearthed at these centers of commerce shed light not only on Afghan history, but that of Western civilization. Ai Khanoum, established by Alexander in 328 B.C., still bears remnants of columns that wouldn't look out of place in the Parthenon. Bamiyan was the seat of a vast Buddhist civilization whose artisans dressed their idols in Greek fashions, leading academics to wonder if Buddhist philosophy influenced Greek thought as much as Greek styles had an impact on local art. Excavation of the earth around Masjid-i-No Gumbad, a 9th century brick mosque thought to be the oldest...

Author: /time Magazine | Title: Afghanistan: A Treasure Trove for Archaeologists | 2/26/2009 | See Source »

...every legitimate excavation like Tepe Zargaran, there are many more ransacked in search of treasures destined for the living rooms of rich collectors. The vast plain of Ai Khanoum, once the easternmost center of ancient Greek culture, is pockmarked with thousands of looter pits, some still containing fragments of clay or shattered lumps of marble - remnants of statues that didn't survive the excavation process. There is little left of the Corinthian columns that once lined the city's main thoroughfare, though at least two of the elaborately carved pedestals can be found at a nearby restaurant, where they form...

Author: /time Magazine | Title: Afghanistan: A Treasure Trove for Archaeologists | 2/26/2009 | See Source »

Mortgage bonds used to be the stars of finance. Home loans, after all, have a lot going for them: the vast majority of people, even today, make their mortgage payments on time. What's more, mortgage bonds are made up of thousands of home loans, giving them safety through diversity. So how did these bonds become so toxic that they've poisoned banks and threatened the entire economy...

Author: /time Magazine | Title: One Bad Bond | 2/26/2009 | See Source »

...vary, even within the same person, allergists often shrug when it comes to advising parents about forecasting anything about their child's next reaction. "We really have no test that can tell us who is apt to have a severe, life-threatening reaction and who is more like the vast majority who will never have that kind of reaction," says Dr. Hugh Sampson, director of the Jaffe Food Allergy Institute at the Mount Sinai School of Medicine in New York City...

Author: /time Magazine | Title: Why We're Going Nuts Over Nut Allergies | 2/26/2009 | See Source »

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