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The ‘living, breathing’ economy
New views of the economic bust consider finance as a dynamic ecosystem. Some time in mid-2008, mortgage defaults reached a critical mass. Wall Street went into free fall, and the US economy began to unravel. Then, like tumbling dominoes, economies around the world followed suit. How could a few Americans defaulting on mortgages send the world economic system into a tailspin? There are probably as many answers as there are economists – maybe more. But for one school of economic thought, the more fundamental question is, why did almost no one see it coming? For these economists, the recent collapse reveals problems not just with the financial structure, but with how people conceive of and model the economy. Full Story3-D glasses get a makeover
It seems every year is heralded as “the year 3-D home entertainment will take off.” Yet the moment never really arrives. Last year saw huge strides for 3-D movies in theaters. Each of the seven top-grossing 3-D movies of all time came out in 2009. Atop the list sits “Avatar,” which raked in more than $1.6 billion worldwide and became history’s second biggest box-office hit in only a few weeks. And animation powerhouse Pixar, hungry for similar successes, stuck to its pledge to only make 3-D movies from now on.
This is great news for theatergoers, but there are very few ways to bring the extra dimension home with you. Some ads, shows, or DVDs take advantage of the cheap, red-and-blue paper glasses that have been around for decades. But the effect pales in comparison to the thick-rimmed polarized lenses used in most theaters. Full Story
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