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A higher rate of bank failures is increasing strain on the FDIC's resources. The agency's insurance-fund balance dropped by almost half in the fourth quarter, from $35 billion to $19 billion. To keep funds from dwindling, the FDIC is going to raise deposit-insurance assessment rates beginning...

Author: /time Magazine | Title: FDIC Reports That Bank Failures Are Rising | 2/27/2009 | See Source »

The mobilization to bail out Eastern Europe has begun in earnest. According to MarketWatch, "The World Bank, the European Bank for Reconstruction and Development and the European Investment Bank issued a joint pledge Friday to provide up to 24.5 billion euros ($31.2 billion) in aid to support Eastern Europe's...

Author: /time Magazine | Title: Sending the Financial World to Save Eastern Europe | 2/27/2009 | See Source »

Robert Pollard is not your average prolific songwriter. Today, many artists are lauded for their fecundity if they’re in more than one band or release more than one album in a year. Pollard, though, makes the activity of people like Ryan Adams and Dan Bejar look part...

Author: By Chris R. Kingston, CRIMSON STAFF WRITER | Title: Boston Spaceships | 2/27/2009 | See Source »

OLPC was launched three years ago to provide children with “rugged, low-cost, low-power, connected laptops with content and software designed for collaborative, joyful, self-empowered learning.” The machines—called “XOs”—run without...

Author: By Raúl A. Carrillo | Title: One Laptop, Much Controversy | 2/27/2009 | See Source »

Except, that is, in China. Some economists and investors have turned mildly bullish on the Chinese economy. A February survey conducted by Merrill Lynch saw the number of fund managers who believed China's growth would be lower in the next 12 months shrink drastically. Jing Ulrich, chairman of China...

Author: /time Magazine | Title: China's Economy: Rare Signs of Optimism | 2/27/2009 | See Source »

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