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...immeasurably more potent Federal Reserve system than existed in 1929) has acted with vigor to bring the full powers of the Federal Government to bear in the current crisis. In dramatic contrast, when Herbert Hoover asked his Secretary of the Treasury, Andrew Mellon, for advice on how to cope with the financial implosion of 1929, Mellon replied, "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system." Echoes of that old-time sentiment can still be heard today, but they are mere vestiges of the stifling tyranny of laissez-faire thinking...

Author: /time Magazine | Title: A Historian on the Lessons of the Depression | 10/16/2008 | See Source »

...down. "The losses should concern every investor because these are supposed to be the smartest guys out there," says Charles Gradante, co-founder of hedge-fund advisory firm Hennesse Group. "If they can't manage their investments, how is an average person with a 401(k) supposed to cope...

Author: /time Magazine | Title: Hedge Funds: How the Smart Money Looked Dumb | 10/15/2008 | See Source »

...developing strategies for creating awareness and combating cancer. Cancer, as conversation topic, is taboo among the young. Youngsters (especially young men), I find, avoid the subject, as I'm sure it generates fear. But that's OK: at the end of the day, you (and only you) have to cope with this disease. A positive outlook and faith makes all the difference. It's a decision you make. Pieter Erasmus, WESTERN CAPE, SOUTH AFRICA...

Author: /time Magazine | Title: Heroes of the Planet | 10/15/2008 | See Source »

...Free-Range Chickens,” your newest book, you make childhood less terrifying through things like giving Dracula a Match.com profile. How did you cope with monsters before dating sites were invented...

Author: By Catherine J. Zielinski, CONTRIBUTING WRITER | Title: 15 Questions with Simon H. Rich | 10/15/2008 | See Source »

...developing world still must cope with the prospect of lower economic growth in the months ahead that could compound problems for countries that are already struggling. Although prices for oil and other commodities have declined recently, they remain at unusually high levels. Justin Lin, chief economist at the World Bank, says his organization is preparing lending programs to help ease the burden of high food and fuel costs for developing countries. "They still need to have the support, in order to protect the poor," Lin says. But it's unclear how widely available such programs will...

Author: /time Magazine | Title: The Financial Rescue: Are Poor Countries Being Left Out? | 10/14/2008 | See Source »

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