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...months it had been clear that the FDIC, which maintains a fund to protect deposits when banks fail, would soon run out of money. By the FDIC's own revised estimate, the credit crisis, which has already claimed 95 banks this year, will cost the agency $100 billion. Half of that has already been spent. It's the other half the FDIC is having problems coming up with. As of the end of June, the FDIC had about $10 billion left in its insurance fund. That has put the FDIC in a tough spot. When a bank fails...
Harnessing the placebo effect does not seem a particularly easy, or even feasible, task: beating the best of 200 years of scientific discovery, invention, and insight with just inert sugar. But the evidence remains embarrassingly clear that the placebo effect is real—and more important than we may care to admit. A recent article in Wired magazine explained the trend: “From 2001 to 2006, the percentage of new products cut from development after Phase II clinical trials, when drugs are first tested against placebo, rose by 20 percent.” And 50 percent...
...Ameer told The Crimson yesterday that all thesis writers would not be guaranteed housing, only those with a “clear need” to stay on campus to work on their thesis—such as to do archival research or lab work—will get an opportunity to do so. Whether those without a “clear need” will be permitted to stay will remain undecided until after the application deadline...
...clear that Winters was excited about...
...some, the answer is clear. Australian Greens Party Senator Bob Brown has said that hosting Kadyrov's racehorses in the $4.95 million Melbourne Cup, could be "the lowest point of Australia's sporting history." Brown is running a campaign to ban the horses from entering the country. "He shouldn't be benefiting from our Spring Carnival. The prospect of his horses winning the Melbourne Cup is nauseating," Brown told TIME...