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ARTHROSCOPIC SURGERY Developed in Japan, it fixes frayed joints with minimal invasion, enabling many athletes to begin rehab in days...

Author: /time Magazine | Title: A Brief History Of: Sports Medicine | 9/11/2008 | See Source »

...spend) whatever it took to keep the companies from going under. He soon got what he wanted, and he said he hoped that alone would be enough to see them through. But after taking a closer look at the exact state of their capital reserves and watching buyers begin to shy from their debt, he stepped...

Author: /time Magazine | Title: With Fannie and Freddie, the US Is Bailout Nation | 9/11/2008 | See Source »

...worries about the companies' future had been driving up rates. Two days after the takeover, the average rate on a 30-year fixed mortgage was down to 5.79%, from an average of 6.55% the week before, according to Bankrate.com As part of the takeover, Treasury announced that it will begin buying mortgage-backed securities--starting with about $5 billion in purchases in the next month. By making more money available for mortgages, this should push rates down even more...

Author: /time Magazine | Title: With Fannie and Freddie, the US Is Bailout Nation | 9/11/2008 | See Source »

...What will this cost me? You and your fellow U.S. taxpayers are now formally on the hook for up to $200 billion in guarantees to Fannie and Freddie. That figure doesn't actually mean a whole lot--if housing prices begin to stabilize, Treasury could turn a profit on the deal; if the meltdown accelerates, it might not stop at $200 billion...

Author: /time Magazine | Title: With Fannie and Freddie, the US Is Bailout Nation | 9/11/2008 | See Source »

...When the British pulled out of the southern city of Basra in 2007, the resulting vacuum was filled by Shi'ite militia units until the Iraqi government sent in its improving army in March and brought the city under Baghdad's control. And Bush doesn't want to begin a major withdrawal that could jeopardize recent security gains as his successor takes office...

Author: /time Magazine | Title: Why Bush Scaled Back the Drawdown | 9/9/2008 | See Source »

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