We consider two different proposals to generate a time series with the same
non-Poisson distribution of waiting times, to which we refer to as renewal and
modulation. We show that, in spite of the apparent statistical equivalence, the
two time series generate different physical effects. Renewal generates aging
and anomalous scaling, while modulation yields no aging and either ordinary or
anomalous diffusion, according to the prescription used for its generation. We
argue, in fact, that the physical realization of modulation involves critical
events, responsible for scaling. In conclusion, modulation rather than ruling
out the action of critical events, sets the challenge for their identification