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Despite those numbers, the banking system is no longer at risk of collapse. Megabank JPMorgan Chase, for instance, announced on Oct. 14 it earned $3.6 billion in the third quarter. Most of the institutions in danger are small. But those failures are straining the FDIC, which underwrites the nation's saving and lending by insuring deposits. When a bank fails, the FDIC makes up the difference between what's left and what's owed depositors, up to $250,000 per person per bank. Two years ago, the FDIC had about $52 billion in its deposit-insurance fund. Today that fund...

Author: /time Magazine | Title: Spotlight: Bank Failures | 10/26/2009 | See Source »

...lasted five days, but the danger continues. Russia, which has recognized South Ossetia and Abkhazia as independent states (only Nicaragua and Venezuela have followed suit), has evicted all international monitors from the territories and is most likely arming those areas to the teeth. Georgia's new Defense Minister, Bacho Akhalaia, told me the Georgian army will "stay calm." But the military is rebuilding. An infantry battalion will deploy to Afghanistan in January under the command of U.S. Marines, and it will return, as veterans did from a deployment in Iraq, with more experience and confidence for the next engagement. Though...

Author: /time Magazine | Title: The World According to Misha: Georgia's Saakashvili | 10/26/2009 | See Source »

There are indeed dangerous wild dogs in Kabul. This is one reason why the dogs serving at the Mine Dog Center are killed by injection when they complete their service at seven or eight years old, rather than freed into a realm of feral creatures and dog-hating locals. Another reason is that the dogs, even if they found homes, could lead likely Afghan owners into danger, even in retirement, because the German Shepherds would continue to search out ordnance. Explains Mohammed Nabi, 48, rangy and black bearded, "the trainers make the dogs acquainted with explosives from the very beginning...

Author: /time Magazine | Title: On a Kabul Hill, the Dogs and Kites of War | 10/25/2009 | See Source »

Scary words. But White House officials were quick to assure that Obama's proclamation was more of a formality, and wasn't meant to indicate that the H1N1 virus had suddenly become more deadly or dangerous. Instead, by declaring a national emergency, the White House will allow hospitals and governments on the local level to more rapidly prepare triage sites and procedures to handle any future surge in sick patients. A hospital in danger of being overrun by H1N1 patients would be allowed to segregate them in a separate site for treatment, which might slow the spread of the disease...

Author: /time Magazine | Title: H1N1 National Emergency: Time for Concern, Not Panic | 10/24/2009 | See Source »

...think the danger in medicine is doctors being captured from within and turning into something else, but the patients can’t tell by looking because they still wear white coats and have stethoscopes around their necks,” says Samuels. “When you go to see the doctor, you expect a person who will basically do anything possible to help you, who will listen to you and care about you—you don’t expect a person looking into a computer screen...

Author: By Alissa M D'gama, CRIMSON STAFF WRITER | Title: Putting the Patient Back Into Medicine | 10/23/2009 | See Source »

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