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...Palin story--in particular, her daughter Bristol Palin's pregnancy--showed just how interdependent the mainstream and nonmainstream media have become. The Palin camp revealed the news after blogs published rumors that Palin had faked her own recent pregnancy to cover up an earlier one of her daughter's. Mainstream outlets left these rumors alone until the Palins' disclosure, but once the story was out, the perception was that "the media" had hounded the family into opening their personal lives...

Author: /time Magazine | Title: Campaign '08: The Media's 24-Minute News Cycle | 10/31/2008 | See Source »

...federal-funds target rate were cut to 0.75%, many money-market funds that invest exclusively in government debt would struggle to cover their costs and still pay a positive return to investors. The Fed has a new facility in the works, the Money Market Investor Funding Facility, that's intended to ease these pressures. Once that's up and running, don't be surprised if short-term interest rates keep dropping, even to 0% - as was the case in Japan from 1999 to 2006. The Fed would literally be giving money away...

Author: /time Magazine | Title: What the Fed's New Interest-Rate Cut Really Means | 10/30/2008 | See Source »

...Nosek of the University of Virginia and professor Tony Greenwald of the University of Washington. The three scientists are collaborating on “Project Implicit,” a research Web site which allows visitors to complete various tests in order to gauge their subconscious associations. The tests cover a wide variety of topics, including racial, religious and gender biases as well as preferences among the presidential candidates. “As psychologists, what we’re doing is using the Web site to understand some of the mechanisms that go into the act of voting?...

Author: By Evan T. R. Rosenman, CONTRIBUTING WRITER | Title: Test Says Voters Are Decided | 10/30/2008 | See Source »

...scale of the losses the short-sellers would have to absorb grew rapidly as they scrambled to acquire the shares necessary to cover their positions and cut their losses. The stock price soared as it became clear that there simply wasn't enough VW stock in the market to meet demand - short-selling investors had borrowed around 13% of VW's stock, but only 6% was trading freely, the remainder being held by Porsche and the state government of Lower Saxony...

Author: /time Magazine | Title: Hedge Funds Shorting VW Stung By Porsche | 10/29/2008 | See Source »

...fueled collapse did: in the penitentiary. Last month, Kilpatrick pleaded guilty to eight felony charges of obstruction of justice after his lackadaisical attempt to snuff out rumors of the extramarital affair he was carrying on over thousands of SMS messages with his chief of staff. Kilpatrick’s cover-up looked like something out of the Huey Long playbook: intimidating and firing police officers, lying under oath and all the while using his privileged position to ridicule the (bulletproof) case against...

Author: By James M. Larkin | Title: More Dirt | 10/29/2008 | See Source »

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