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...Euro Pacific Capital, briefly got to bask in the glory of his spectacular call. He ran a victory lap of sorts on the cable news networks. A fan put together a 10-minute YouTube clip of his precrash predictions on CNBC and Fox News--complete with smirking and dead-wrong rebuttals from the likes of Arthur Laffer and Ben Stein--that has been watched more than 1.3 million times. ("What makes that clip so good is not so much me as everybody else," Schiff says. "People like laughing at people...

Author: /time Magazine | Title: Why We Should Listen to Peter Schiff's Bad News | 6/1/2009 | See Source »

...done better if people had paid more attention to skeptical voices like Schiff's. "The fact that he was right this time doesn't mean he's going to be right the next time, but somebody will be," says University of Michigan social scientist Scott Page. "All models are wrong, and that's why you want a diversity of models." Seconds Schiff: "You're never going to get these correct calls coming from the mainstream. It's not even possible." Schiff's current predictions may well turn out to be all wrong. But that's no reason not to listen...

Author: /time Magazine | Title: Why We Should Listen to Peter Schiff's Bad News | 6/1/2009 | See Source »

...detect it medically. Are those dinosaurs attacking our city? Let’s talk to their relatives and see if we can work something out.Above all, we our indebted to our classes and professors. Justice: you taught me that everything that I needed to know about right and wrong would be sent to me in the form of a 500-page study guide two days before the final. Greg Mankiw: you taught me that you can still be listed as the instructor for a course while only giving three lectures a semester and selling each one of your students your...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: And So, in Closing... | 6/1/2009 | See Source »

...Airbus 330 is a top-of-the-line aircraft, says Learmount, and one of the safest in the world. "We're talking about the aviation equivalent of the modern, expensive, very sophisticated car," he says. "It just never goes wrong, and if it does, it self-diagnoses and sends messages back to base." But despite all these technological advances, progress can still be made in dealing with fire detection, he says. "[Since the Swissair flight] there were loads of people in the industry saying it is just not acceptable to have modern airplanes being churned out with the most amazing...

Author: /time Magazine | Title: What Brought Down Air France Flight 447? | 6/1/2009 | See Source »

Simon Hix, a professor at the London School of Economics and author of What's Wrong with the European Union and How to Fix It, observes that the elections tend to serve as referenda on national political issues rather than addressing European ones. "It's not a genuine contest for power at the European level," he says. (See pictures of London...

Author: /time Magazine | Title: Why So Few Care About the European Parliament Elections | 5/28/2009 | See Source »

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