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...night during his medical residency. Jamie Mai and Charlie Ledley, two 30-somethings who started trading in a Berkeley garage, "assumed that there was some grownup in charge of the financial system." There wasn't. In The Big Short, Michael Lewis, who chronicled an earlier era of Wall Street excess in 1989's Liar's Poker, tells the story of investors who asked questions that no one else would (like, What happens if house prices stop rising?) and came to the chilling conclusion that collapse was inevitable. Lewis takes us inside the investment banks and ratings agencies to demonstrate that...

Author: /time Magazine | Title: The Skimmer | 3/29/2010 | See Source »

Diamond seeks to recruit Ivy League models, though the staff have received an excess of submissions from students from other schools. They have also heard from Ivy League students “[who are] maybe not really beautiful or whatever.” Di Pasquale thinks this qualification is key to the magazine’s appeal—“[Readers think,] ‘Oh, my god, I can’t believe [an Ivy Leaguer] would do that.’ When people think Ivy League, they think of someone ready for a career in finance...

Author: By Molly O. Fitzpatrick, CRIMSON STAFF WRITER | Title: Let's Talk About Sex, Harvard | 3/23/2010 | See Source »

Sophisticated brain-scan studies by Jay Giedd at the National Institute of Mental Health (NIMH) have shown dramatic changes throughout the teenage years as excess gray matter is pruned from the prefrontal cortex - the seat of higher-order thinking and making judgments (like not smoking weed right before your chemistry exam). Meanwhile, behavioral studies have shown what every parent already knows: teens have poor control over impulses and a tendency toward risk taking. Still, relatively little is known about how such changes affect learning or what happens at a biochemical level in the brain as teens go through their addled...

Author: /time Magazine | Title: Does Puberty Make You Stupid? Lessons from Mice | 3/22/2010 | See Source »

...involving pictures of facial expressions and words describing them (happy, angry, sad). The study found that around the onset of puberty (about age 11 for girls and 12 for boys), people take significantly longer to do this easy task. McGivern and his associates attributed the slow pace to the excess number of synapses in the brain at puberty - essentially, too many connections that have yet to be pruned in late adolescence. (See pictures of teens and how they would vote...

Author: /time Magazine | Title: Does Puberty Make You Stupid? Lessons from Mice | 3/22/2010 | See Source »

That underscores the complex effect that alcohol has on the body, especially in women: excess alcohol can lead to a greater risk of developing breast cancer, while moderate consumption of a glass of wine a day may help reduce heart disease risk. So whatever potential gains a nightly beer or glass of red may have on slimming down love handles, the benefits must be balanced against the other potential gains and risks of alcohol consumption. (Watch TIME's video "How to Lose Hundreds of Pounds...

Author: /time Magazine | Title: Study: Women Who Drink Tend to Be Thinner | 3/8/2010 | See Source »

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