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Will the Kindle and other e-book readers help or hurt the book industry? Taylor Zaborney MIDDLETOWN...

Author: /time Magazine | Title: 10 Questions for Janet Evanovich | 6/22/2009 | See Source »

...crash--getting by thanks only to the generosity of a wealthy sister-in-law and his employer, Yale--and so did the myth of the rational market. For a few decades, financial markets were seen as unruly beasts that had to be tamed with tight regulation to help protect the hard-earned savings of regular Americans. But memories of the 1930s eventually faded, and in the 1950s, the idea that markets knew best began its comeback. This was part ideological reaction to the antimarket conventions of the day, part scientific progress. It was the combination of the two, in fact...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...Friedman was a scientist too. During World War II, he used his mathematical and statistical skills to help determine the optimal degree of fragmentation of artillery shells. Officers flew back to the U.S. in the middle of the Battle of the Bulge to get his advice on the trade-off between the likelihood of hitting the target (the more fragments, the better) and the likelihood of doing serious damage (the fewer and bigger the fragments, the better...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...could well end up paying a visit to the White House to ask for U.S. support for a military strike against Iran's nuclear program. For an Israeli Prime Minister, alienating a U.S. President is almost always bad politics, but it's particularly bad politics when you need his help to stop what you've called an existential threat. If Israelis decide Netanyahu can't negotiate with the U.S. effectively over Iran, they may demand that he be replaced with someone...

Author: /time Magazine | Title: Why Obama Should Keep the Heat on Israel ... | 6/22/2009 | See Source »

...still fears that bullet trains, despite the federal largesse, will turn out to be a white elephant whose costs have been lavishly underestimated by the Obama Administration. Even the Orlando Sentinel, which covers a city that would absorb a large share of the $1.5 billion Florida will seek to help fund a $2.5 billion Orlando-Tampa HSR line, warned in a recent editorial that the Sunshine State is "really not a strong candidate for high-speed rail." The reason: its local commuter-train lines - which HSR would need to link up with to make it truly practical - are virtually nonexistent...

Author: /time Magazine | Title: U.S. Stimulus Puts Bullet Trains on the Fast Track | 6/22/2009 | See Source »

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