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...such deep trouble that government ownership of the institutions may be the only way to save the financial system. Economist Nouriel Roubini, who probably has several advanced degrees, wrote in The Washington Post that the Swedes set a precedent for bank nationalization nearly 20 years ago. The first counter to his argument is that it is dark over 20 hours a day in Sweden during the winter which causes a level of depression among the population that may undermine their judgment and views of how dire any economic situation is. If this theory is true, banks in Panama will never...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...foes fear that he intends to set up a democratically elected version of Fidel Castro's autocratic rule over Cuba. His fans counter that some democratic countries such as France allow their leaders to be re-elected indefinitely. But analysts say France has more developed political institutions that exert stronger checks and balances on chief executives. That's not always the case in Latin America, argues Walsh, who says Chavistas "are deluded if they think those institutions are working as they should right now in in Venezuela." (See pictures of Castro in the jungle...

Author: /time Magazine | Title: What Chávez Win Means for Latin American Democracy | 2/16/2009 | See Source »

...Society. "A type of dementia called vascular dementia is caused by minute hemorrhages in the brain. If smoke is having an effect on the cells in the blood vessel walls, that's a pretty good explanation as to why secondhand smoke would have an effect." (Read "Mild Exercise May Counter Dementia...

Author: /time Magazine | Title: Study: Secondhand Smoke Tied to Dementia | 2/13/2009 | See Source »

...takeoff caused a recent flyer to initially doubt the improved 76-seater. Once the plane is cruising, though, Bombardier's noise-and-vibration-reduction system (cousin to technology used in submarines) monitors sound levels through microphones inside the plane walls. A computer initiates vibrations through special absorbers to counter those from the propellers, reducing the resonance of the airframe and hushing the cabin about 4 db quieter than many jets. ATR upgraded its four-blade propeller to a six-blade fiber-composite one with a smaller diameter that generates less vibration and cabin noise when coupled with other noise-dampening...

Author: /time Magazine | Title: The Buffalo Crash: The Weather or the Plane? | 2/13/2009 | See Source »

...Khatami is running to counter Ahmadinejad's foreign policy, domestic policy, all his policies." -Mohammad Ali Abtahi, former vice-President of Iran, on Khatami's objectives for his latest Presidential campaign. (Washington Post, February...

Author: /time Magazine | Title: Mohammed Khatami | 2/10/2009 | See Source »

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