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...think there's any perfect solution, because the essence of a free-market economy is that people are allowed to make mistakes. And some of these bubbles have a good side. The Internet bubble of the 1990s brought us Amazon and eBay. They're still with us. Stabilizing the economy isn't the final goal. Having a little bit of turmoil, as long as it doesn't get out of hand, is part of creative destruction. You have a history of highlighting parts of the economy that have gotten out of hand before other people are paying attention. What...

Author: /time Magazine | Title: Yale's Robert Shiller on the Outlook for Home Prices | 5/6/2009 | See Source »

...gone in the first few months of the Obama Administration. At the new President's urging and by his example, the entire Federal Government has bounded into the world of social-networking. Twenty-five agencies now have YouTube channels. The Library of Congress has begun posting thousands of free historical photos on Flickr. In the past week alone, about 30 agencies, including the White House, have joined Facebook...

Author: /time Magazine | Title: Obama and Twitter: White House Social-Networking | 5/6/2009 | See Source »

...Several agencies have been struggling to free themselves of bureaucratic restraints, like filtering software that bars employees from accessing social networks from work computers. In recent months, both the Department of Energy and the Department of Housing and Urban Development have opened up employee access to social-networking tools. The Defense Department has also been going online, with a new Air Force Twitter page and a Facebook page for General Ray Odierno, the U.S. commander of multinational forces in Iraq...

Author: /time Magazine | Title: Obama and Twitter: White House Social-Networking | 5/6/2009 | See Source »

Iori's English-language concierge service (free to machiya guests) and arts program (teaching everything from calligraphy to Noh drama in courses that last from a half-day to two days or more) will steep you even further in Kyoto culture. You'll be stepping from your latticed front door onto the quiet street and feeling like you belong - even if it is just for the weekend. See www.kyoto-machiya.com for details...

Author: /time Magazine | Title: Home Sweet Machiya | 5/6/2009 | See Source »

...court, however, defended the verdict by saying that German law leaves spouses enough freedom to choose how to combine their names and thereby express their identities. It also added that Thalheim and her husband are free to continue using their original names for business purposes...

Author: /time Magazine | Title: German Court Upholds Ban on Extra-Long Names | 5/6/2009 | See Source »

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