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...stress testing" banks by making assumptions that the American economy could collapse and that unemployment could move to 10% with housing prices could fall another 20%. None of that "testing" take into account what happens if the financial status of Eastern Europe worsens. Maybe that should go on the check list to determine which banks are healthy. The answer would probably be "none." The financial world is too small for defaults on national debt not to have a tremendous ripple effect...

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

...Check out the headlines from USA Today, U.S. News and World Report, Reuters, CNN, The Boston Herald, The Boston Globe, and yes, even The Gray Lady was shocked by the breaking news...

Author: By Michelle L. Quach | Title: Eat less, lose weight! Part II | 2/27/2009 | See Source »

...Line on the Horizon began in 2007, when the band decamped to Morocco with Brian Eno and Danny Lanois, the men who oversaw U2's 1980s transformation from anthem singers to makers of textured, daring rock. As a hedge, the band also paid visits to Dublin and London to check in with Steve Lillywhite, who helped U2 crank out some of its muscular early and recent hits. (Most bands would have to take out a second mortgage to cover the per diem for just one of these producers...

Author: /time Magazine | Title: U2's Unsatisfied — and Unsatisfying — New Album | 2/26/2009 | See Source »

...house. They even rehearse during brain break. Because everyone wants a high F sharp with their late-night cereal. Naturally, angry Lowellians have responded in the best way Harvard students know how: passive aggressive email threads. At last count over 20 messages on the topic had been sent. Check out this...

Author: By Charleton A. Lamb | Title: Lowell D-Hall Puts Up The Velvet Rope | 2/26/2009 | See Source »

...last eight years, spending got way out of control. The White House couldn't put a check on Congress and the Congress wouldn't put a check on the White House, so everyone spent what they wanted and we ended up with trillion-dollar deficits," says Representative Jim Moran, a Virginia Democrat who nevertheless voted for the package. "We have a responsibility as Democrats to make sure that we don't do that sort of thing - that when the White House is willing to make tough budgetary choices, that Congress plays a constructive role." Apparently, that new responsible role doesn...

Author: /time Magazine | Title: Does Obama Have a Double Standard on Earmarks? | 2/26/2009 | See Source »

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