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...local malaise, repeated in city after city, has ballooned into trillions of dollars in losses around the world, thanks to the magic of Wall Street's financial engineers. Blame it on one of the Street's recent innovations, the collateralized debt obligation, or CDO. The recipe: buy home loans, blend them, then slice up the result into different securities (reflecting different levels of risk) to sell to investors. Many such securities carry AAA or "investment grade" ratings despite subprime mortgages being in the mix. From there, things get really complex--CDOs created from other CDOs, synthetic CDOs crafted from credit...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

...paint is a blend of chlorotoxin derived from the scorpion (nonpoisonous to humans) and a fluorescent molecule that emits near-infrared light. The scorpion-derived peptide homes in on the cancer cells and binds to them, bypassing healthy cells, while the fluorescent tag is piggybacked on to the peptide. After doctors excise a tumor, they use a special camera that captures nearinfrared photons to then look at the body and see any stray cells the scalpel left behind. At those wavelengths, light from the fluorescent marker cannot be blocked by blood, other body fluids or even thin bone...

Author: /time Magazine | Title: Painting Tumors | 7/26/2007 | See Source »

...paint is a blend of chlorotoxin derived from the scorpion (nonpoisonous to humans) and a fluorescent molecule that emits near infrared light. The scorpion-derived peptide homes in on the cancer cells and binds to them, bypassing healthy cells. The fluorescent tag is piggybacked onto the peptide. After doctors remove a tumor, they use a special camera that captures near infrared photons to look at the body and see any stray cells the scalpel left behind. At those wavelengths, light from the fluorescent marker cannot be blocked by blood, other body fluids or even thin bone...

Author: /time Magazine | Title: Painting Tumors | 7/19/2007 | See Source »

...thousand words.” Throw film composer Nicholas Hooper into that category, too, for his deeply felt (if occasionally intrusive) score. Their technique of nipping excess plot from denser portions of the film and grafting them onto thinner places is an ingenious way to make even dramatic edits blend right...

Author: By Jillian J. Goodman, CRIMSON STAFF WRITER | Title: Harry Potter and the Order of the Phoenix | 7/13/2007 | See Source »

...discovered early on that I look ambiguously Asian enough to blend into China, South Korea, or Mongolia without raising suspicions that I am not a local. Few Mongolians ask for my full name, but when they do, there is sometimes an almost imperceptible flinch or a heartbeat of silence. Zhang is the second most common Chinese surname, boasting over 100 million people—40 times the population of Mongolia. Ironically, this name was one adopted by my Mongolian ancestors because the nomads traditionally never had family names. If I reveal that I am a quarter Mongolian, the change...

Author: By Joyce Y. Zhang | Title: Reconciliation in the Land of the Khans | 7/5/2007 | See Source »

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