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...market wasn't up to the task. There was a run on money-market funds after the Reserve Fund (which had pioneered the money-fund business in 1970) revealed that it owned a lot of suddenly worthless Lehman debt. London-based hedge funds that relied on Lehman for day-to-day financing found themselves unable to do business. Similar dislocations played out around the world, and financial institutions became paralyzed by fear and confusion. They simply didn't trust one another anymore and didn't want to lend to one another. The system couldn't handle the stress...

Author: /time Magazine | Title: The Bailout's Biggest Flaw | 9/28/2009 | See Source »

...half or double hero in Surrogates, another cyborg epic from the writers and director of Terminator 3: Judgment Day, and based on a graphic novel. The movie imagines that, in day-to-day activity, lifelike robots have mostly replaced humans, who sit at home speaking for the droids and controlling their actions. It's a piquant premise for those of us who see Americans retreating to near-stasis in front of their computers, enjoying (or condemned to) a life no more than virtual. But the main story, in which humans and robots do battle for the future...

Author: /time Magazine | Title: Surrogates: The Zen Machismo of Bruce Willis | 9/24/2009 | See Source »

...fail - cited often as the government's biggest boo-boo - started a chain reaction. There was a run on money-market funds after one big money-market fund revealed that it owned a lot of suddenly worthless Lehman debt. London-based hedge funds that relied on Lehman for day-to-day financing found themselves unable to do business because their accounts with Lehman's U.K. subsidiary were frozen. Similar dislocations played out around the world. Before long, financial institutions were paralyzed by fear. They simply didn't trust each other anymore, and didn't want to lend...

Author: /time Magazine | Title: Three Lessons of the Lehman Brothers Collapse | 9/15/2009 | See Source »

...finished his apple in Quincy House. “I was hoping there would be something unique, but there wasn’t.” HUDS spokeswoman Crista Martin said that the service was modified to improve uniformity across dining halls and increase day-to-day variety in food offerings. “It’s enhanced in that there are daily specials,” said Martin. “It also ensures that there is consistency House-to-House in everyday staples.” Brain Break is now on a schedule that repeats...

Author: By Naveen N. Srivatsa, CRIMSON STAFF WRITER | Title: HUDS Serves New Late Night Snacks | 9/10/2009 | See Source »

...campaign is a finite moment in time with a very clear objective. Sustaining that so that it now moves forward in ways that aren't as high-profile and aren't - where it's not surrounded by balloons and confetti but has to do more with just the day-to-day work of mentoring a kid or planting a garden - that's I think the challenge that both of us are continually thinking about...

Author: /time Magazine | Title: Exclusive Interview: The Obamas on The Meaning of Public Service | 9/10/2009 | See Source »

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