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...next year and a half, according to HSBC. The main reason: Norway's budget and current-account surpluses are the biggest among nations with the 10 most traded currencies. Factor in the country's $350 billion sovereign wealth fund pumped full of the country's oil revenues, and the cost of insuring against government default in Norway - a key measure of a currency's safety - is the lowest of those countries. With Norway's output expected to shrink by a modest 1.2% this year, far less than in most of the world's leading economies, the krone, HSBC said, represents...

Author: /time Magazine | Title: Why the Norwegian Krone Is the World's Safest Currency | 3/23/2009 | See Source »

...like to see the boil lanced no matter how painful it may be. The second group wants to see the unimaginable after effects of years of leverage taken as one mammoth typhoon, hoping that it will only last a few quarters, blow itself out, and allow the resulting low cost of labor and commodities to bring the economy back...

Author: /time Magazine | Title: AIG Reaction: Stupidity and the Alchemy of Chaos | 3/20/2009 | See Source »

...addition to ODIN, the Pentagon is spending millions of dollars more on other drones to track IEDs and their makers. The names are colorful: Yellow Jacket, Copperhead, the Sentinel Hawk. The Yellow Jacket project, which involves an almost self-contained robot aircraft, will cost nearly $10 million...

Author: /time Magazine | Title: The Pentagon's Shopping List for Afghanistan | 3/20/2009 | See Source »

...Republicans and Democrats--Burdette says "there was never a question" that they would back a comprehensive sex program in the public schools. She pitched the idea to each of the county's five school districts. Burdette purposely stayed away from moral arguments and instead emphasized the social and economic costs of teen pregnancy. Researchers working with the National Campaign to Prevent Teen and Unplanned Pregnancy have calculated that in 2004 alone, teen pregnancies cost U.S. taxpayers more than $9 billion in health care, foster care, public assistance and lost tax revenue. The cost for South Carolina taxpayers that year came...

Author: /time Magazine | Title: How to Bring An End to the War Over Sex Ed | 3/19/2009 | See Source »

...sight. Smith said he hoped that their Web site, originally conceived as a project for the popular undergraduate course Computer Science 50, will help students make savvier travel decisions. Currently, he said, students tend to make their travel plans “too late, at too high a cost, and with too little information.” The two other big winners last night were INeedAPencil.com, the free SAT prep service, and PortaGuide, an iPhone application with Global Positioning System capacities that functions as a tour guide around the Big Apple. Each of the teams represented at last night?...

Author: By Sami M. Khan, CONTRIBUTING WRITER | Title: Entrepreneurs Awarded Grants at I3 Challenge | 3/19/2009 | See Source »

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