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...believes that such differentials are necessary for our economic system to thrive. But do many believe that differentials need be this grotesquely large to incentivize and reward people adequately, if not richly? No; they are that large today simply because they can be that large, not because of some virtuous working of the market. This is not Adam Smith’s capitalism. Just as he decried the inevitable greed and corruption of monopoly, he would surely rail against today’s self-serving and closed systems of compensation review...

Author: By Elliot F. Gerson | Title: Stolen by the Street | 12/2/2009 | See Source »

...century and this one too. No one would claim that the taste for clean, simplified design that emanated from its classrooms ever became universal, certainly not among the toiling masses the Bauhauslers hoped to speak to. And nobody believes anymore that good design can produce a more virtuous world. But all those steadfast geometric tea sets and tubular steel furnishings drew lines in the collective consciousness. They're still basic to our picture of the modern home--even if we don't happen to live...

Author: /time Magazine | Title: Haus Beautiful: the Impact of Bauhaus | 11/23/2009 | See Source »

...exodus has produced a virtuous circle for the army. Deserters often provide key intelligence for army operations, and as the military strikes more blows against the FARC, more guerrillas lose their will to fight. Last year, an army raid that killed FARC spokesman and No. 3 leader Raúl Reyes was based on information provided by a rebel turncoat. A few days later, the bodyguard of Iván Ríos, a member of the FARC's ruling secretariat, pulled off a mafia-style hit job. He executed his boss with a shot to the forehead...

Author: /time Magazine | Title: Why Colombia's Leftist Guerrillas Are Defecting | 10/30/2009 | See Source »

...says the real-life implications of the study could be as simple as an office investing more in janitorial supplies than in expensive and intrusive surveillance equipment to keep workers in line. Other olfactory researchers suggest, however, that perhaps it wasn't the clean smell that made people more virtuous in the new study, but rather the smell of citrus; that is, people may have behaved better because they smelled something they liked, rather than something "clean." "It could be simply that a positive smell creates a positive mood, which encourages positive behavior. You cannot conclude it is cleanliness...

Author: /time Magazine | Title: Do 'Clean' Smells Encourage Clean Behavior? | 10/23/2009 | See Source »

...Museum Runde Ecke, www. runde-ecke-leipzig.de, another Stasi base that is now an authentically preserved museum filled with examples of how East German society was controlled. They are enough to cure any misplaced notion of the D.D.R. as a place where life was badly dressed but somehow simpler and more virtuous. "I sympathize with the idea of Ostalgie," says Irmtraut Hollitzer of the citizens' committee that established the Museum Runde Ecke. "But the Stasi museum is meant to help people remember the queues, the decay, the waiving of freedom to travel, the Wall. It gives an insight into what happens when...

Author: /time Magazine | Title: Back to the Berlin Wall | 9/23/2009 | See Source »

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