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Despite the government's successes, IndyMac also shows that nationalization can be costly. Last week, the Treasury Department estimated that the IndyMac takeover will end up costing the FDIC nearly $11 billion. Nearly half of those losses came from the actual day-to-day operation of IndyMac, which lost $4.4 billion in the second half of last year...

Author: /time Magazine | Title: Nationalized Banks: Why They Might Work | 3/6/2009 | See Source »

Especially since sexting might actually be the least of our worries. Compared with what they are actually doing, teenagers' virtual sex lives may be less a mirror than a mirage, an image of how they see themselves that vanishes as you get up close. The research suggests that even as they get more electronically immodest, they are delaying actual sex, having fewer partners and generally behaving more responsibly than many of their parents did. By all means, come down hard on the kid who uses a phone to cheat or bully or harass or cause harm. But when it comes...

Author: /time Magazine | Title: Second Thoughts About Kids and Cell Phones | 3/5/2009 | See Source »

...Shakespearean play, LHO’s “Otello” has bypassed the traditional convention of featuring 16th century English dress styles for a 15th century Mediterranean aesthetic. Stage director Anna Fisher, who works at the Huntington Theatre Company, refers to the set, which is modeled after actual ruins from the island of Cyprus, as having an “earthly aesthetic.” “‘Otello’ is a story driven by a villain,” Fisher says. “It’s a sneaky set, with lots...

Author: By Alec E Jones, CRIMSON STAFF WRITER | Title: 'Otello' Preserves Past | 3/5/2009 | See Source »

...ready for an Asianification under the guise of diversity under the actual Malaysian-invasion leadership instituted under the guise of diversity. It's a slippery slope we are on. I for one want Democracy and apple pie, not Charlie Chan and the Curse of the Dragon Queen...

Author: By Charleton A. Lamb | Title: The Asian Sensation | 3/5/2009 | See Source »

...point is that most Americans think of pork as waste. That's why Republicans called the stimulus bill "Porkulus," even though it had no actual earmarks. The fact that money is earmarked does not prove it is wasted, and the fact that money is not earmarked does not prove it is not wasted. This is common sense, when you think about it. Earmarks got their name from the bygone practice of branding the ears of livestock to identify their owners, but no one would have thought a pig without an earmark was kosher. The vast majority of wasteful federal spending...

Author: /time Magazine | Title: Obama's Budget: Earmarks Aren't the Real Problem | 3/5/2009 | See Source »

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