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...Agency (NAMA) would be created to remove the unpaid, property-linked debts from the banks' balance sheets. If approved by Parliament, which appears increasingly likely, NAMA would spend some $81 billion of taxpayer money to buy loans worth an estimated $70.5 billion at current market value. The so-called bad bank, as NAMA is sometimes called, will then manage the loans on behalf of the state for the next decade, by which time, the government assumes, the country's property market will have recovered. This assumption also explains the $10.5 billion markup in the sum to be paid...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

That wouldn't be a bad idea, except, as many environmentalists and climatologists are quick to point out, we don't know what the potential side effects of geoengineering might be or whether the entire operation would backfire badly. Geoengineering might be a cheaper option, but followed out to at least one logical conclusion, it could be a pitfall. Say we try to use Myhrvold's giant-garden-hose scheme (after hopefully giving it a better name) without reducing carbon emissions. We could end up in a situation in which we can't abandon geoengineering without risking sudden, disastrous warming...

Author: /time Magazine | Title: Are the Freakonomics Folks Off Base on Global Warming? | 10/26/2009 | See Source »

...bad the same can't be said of MacFarlane's other shows. Sitcoms like The Office (and, still, The Simpsons) prove that the best comedies aren't always those with the most jokes per minute. MacFarlane has the talent to be in their league. But he needs to control his gag reflex...

Author: /time Magazine | Title: Family Guy Offers Hyper Animation, in Triplicate | 10/26/2009 | See Source »

...high-strung emotions in this episode. We’re not quite buying Pam’s reaction, but everything else is pretty funny. Plus, in classic Office fashion, Michael even gets his redeeming moment of humanity when he demands to know why he’s such a bad guy. (Well, it’s not like it seems that difficult to answer…but no, he isn’t that bad. And that’s why we love The Office.) Overall episode rating: Satisfactory...

Author: By Michelle L. Quach | Title: Recap: "The Lover" | 10/24/2009 | See Source »

...this picture.  FlyBy only had the old camera phone handy.  Anyway, a word of explanation: Harvard Alumni Association apparently has "Love Story" going in Tercentenary in honor of the University's brand new Homecoming event.  And S'mores.  Nothing like a bad movie and some snacks to swell the pride and usher in the weekend.  Did we mention to the alumni that the University could use some donations? Enjoy the game tomorrow...

Author: By Christian B. Flow | Title: SPOTTED: Smores and Stuff For Homecoming | 10/24/2009 | See Source »

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