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1/14/05: President Summers speculates that “issues of intrinsic aptitude” might account for the lack of females atop the science, math, and engineering fields...

Author: By John R. Macartney, CRIMSON STAFF WRITER | Title: Timeline: The Last Four Years | 6/4/2008 | See Source »

...latest flashpoint in the global financial crisis, Iceland is nursing a familiar sort of economic pain in a typically cool way. Over the past two years, the country's banks enjoyed extraordinary growth by borrowing heavily on international capital markets, leading Iceland to rack up a $2.7 billion current-account deficit, equivalent to 16% of its GDP; the comparable figure even in the notoriously indebted U.S. is only 5%. In January banks worldwide clamped down on loans in response to the global credit crunch, and investors began to worry that Icelandic banks had leveraged themselves too aggressively. Rumors swirled that...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

...confidence. With so few potential depositors at home, the nation's banks have little choice but to raise capital abroad. Furthermore, the size of Iceland's economy - the U.S. economy is roughly a thousand times larger - has always made it volatile, partially explaining its much-discussed $2.7 billion current-account deficit. "If my father decides to build a garage onto his house, it will almost show up in national accounts," she quips. So imagine the impact of constructing two large aluminum smelters from 2005 to 2007. Those projects required the import of generators and other materials, and amounted...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

Social workers should take race into account in adoptions, according to a new report from the nonprofit Evan B. Donaldson Adoption Institute--despite a 1994 law that prohibits doing so. While supporters of the Multiethnic Placement Act say attempting to match black children with black parents lengthens the time kids spend in foster care, the report argues that white parents are often ill-prepared to handle race-specific identity issues. It recommends race-related training for white parents as well as a drive to get more black parents to adopt...

Author: /time Magazine | Title: The World | 5/29/2008 | See Source »

...poignant essay by Gibbs is an insightful account of a good death. Making it comfortable for the dying person and getting the family, including children, to understand death are experiences which doctors can learn from in caring for their dying patients. Dr. Ee Heok, SINGAPORE...

Author: /time Magazine | Title: Nearing the Finish Line | 5/28/2008 | See Source »

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