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Several panelists choose the final word list, and you determine their etymological origins. I also read that the "giggle factor" is taken into account when choosing words...

Author: /time Magazine | Title: Spelling Bee Pronouncer Jacques Bailly | 5/26/2009 | See Source »

...government commits to." But given the world's growing dependence on the space-age compasses, the military scrambled to quell any concerns. "The issue is under control. We are working hard to get out the word," Air Force Col. Dave Buckman wrote to worried questioners on a military Twitter account May 20. "GPS isn't falling...

Author: /time Magazine | Title: GPS | 5/26/2009 | See Source »

...policymaking committee's other critical task is to reform the IMF itself. Its 24-member executive board is dominated by Western nations, and doesn't take into account the rise of new powers like Brazil, Russia, India and China - the "BRIC" nations. Under a complex system of voting rights, Italy has greater clout than Russia or India. "Belgium and the Netherlands have one seat each, the same as Brazil, which is totally absurd," says Cornell's Prasad...

Author: /time Magazine | Title: Boutros-Ghali's Developing Vision for the IMF | 5/25/2009 | See Source »

Nigel Knight, a 45-year-old carpenter from Britain, started a lobbying group of disgruntled Dubai investors after he found that the developer of a villa he'd bought near the future site of Dubailand wasn't depositing his money in an escrow account reserved for construction funds. He suspects his and other investors' money was used by the developer to purchase more land and then sell off more units without ever starting construction at a single site. "It seems to be some kind of Ponzi scheme," he says. What's worse, he then discovered that the company may have...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

...dark cloud over regional banks is bad news for the FDIC, which provides deposit insurance, now to the level of $250,000 per account, at banks across the nation. At the end of last year, the FDIC had only $19 billion left to cover future failures. That's the lowest the FDIC's insurance fund has been in more than 15 years. As a result, on Friday the FDIC decided to raise the fee it charges large banks for deposit insurance. Also, President Obama recently agreed to allow the FDIC to borrow as much as $100 billion, up from...

Author: /time Magazine | Title: Financial Woes Spread to Smaller Banks | 5/22/2009 | See Source »

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