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Bankers are born no greedier than the rest of us. That assertion alone makes Joseph Stiglitz's comprehensive postmortem stand out from the reams of books published so far about the financial crisis. Instead of attacking individuals, the Nobel Prize--winning economist faults the system that delivered us to the brink, citing the effects of everything from deregulation to the misaligned incentives of people selling financial products. But Stiglitz has his sights on a larger problem as well. For too long, he argues, economists and policymakers have relied on the erroneous assumptions that markets are fundamentally efficient and material wealth...

Author: /time Magazine | Title: The Skimmer | 2/1/2010 | See Source »

...Jennifer Stoddart investigated the company in July and issued a report that asked Facebook to explain certain areas of its privacy policy, including policies regarding the profiles of deceased users. In response, the company promised to issue a new privacy policy that better articulates how user information is treated postmortem and offered the commissioner an outline of its memorializing policy, nearly three months before the blog post explained it to users. Spokeswoman Anne-Marie Hayden says the privacy commissioner was "quite pleased" with Facebook's response to the office's concerns and says the commissioner will review the detailed version...

Author: /time Magazine | Title: What Happens to Your Facebook After You Die? | 10/28/2009 | See Source »

...released enough acids to cause pain. That would make sense except that the range of possible nocebo responses stretches far beyond stomachache (in extreme cases, ailing patients who are mistakenly informed that they have only a few months to live will die within their given time frame, even though postmortem investigations show that there was no physiological explanation for early death). In a new paper published in the journal Pain, researchers found that clinical-trial participants have reported a wide variety of nocebo-fueled medical complaints, including burning sensations outside the stomach, sleepiness, fatigue, vomiting, weakness and even taste disturbances...

Author: /time Magazine | Title: The Flip Side of Placebos: The Nocebo Effect | 10/13/2009 | See Source »

...Amid the ensuing media bonanza, local health officials immediately announced a "full and urgent" investigation into Morton's death and ordered a batch of the vaccine to be withheld as a precaution. Less than a day later, a preliminary postmortem examination found that the vaccine was unlikely to have killed Morton and blamed instead a "serious underlying medical condition." Still, as many Western nations are about to begin massive inoculation programs against the H1N1 influenza, Morton's death underlines the cruel reality behind any vaccination campaign: there's always the risk that a small number of vaccine recipients will suffer...

Author: /time Magazine | Title: Weighing the Risks of Mass Vaccinations | 10/1/2009 | See Source »

...November 2008 study, a team of scientists used a new positron emission tomography (PET) brain-imaging technique developed by Drs. William Klunk and Chester Mathis of the University of Pittsburgh to image the brains of live patients - a leap forward in a field that long had to rely on postmortem analyses of brain tissue to confirm diagnoses after the fact - and showed that some 21% of patients with physical signs of dementia suffered no outward symptoms of cognitive impairment. (See how to prevent illness...

Author: /time Magazine | Title: Can Language Skills Ward Off Alzheimer's? A Nuns' Study | 7/9/2009 | See Source »

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