|By SqueakyMarmot from Vancouver, Canada via Wikimedia Commons|
Yes, a camera is a sort of time machine, and this TIME camera did okay and recorded some images that show some things that are no longer. The people change daily, but buildings create the landscape, and when the landscape changes, it's all too easy to forget what was once there.
If you are not familiar with the TIME Camera, it was a dirt-cheap plastic camera made to look like something slightly better. It was given away as a premium for subscribing to Time magazine back in the 1980s. It has a single-element fixed-focus 50mm lens with apertures of f/6, 8, 11, and 16. A metal weight in the bottom gives the camera more heft. It also has a hot shoe for a flash. That's it.