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...tool, and then create a new document." If you wanted to embed some piece of information that Microsoft Word wasn't optimized for, you had to launch another application, create and modify a new element there, and then move back to your original application environment, where you could deposit the alien data object. A number of proposed interfaces - most famously, Apple's failed OpenDoc initiative, shut down shortly after the company acquired NeXT - promised to reverse the priorities: our desktops would prioritize the tasks over the tools, the documents over the applications. The user wouldn't launch documents inside...

Author: /time Magazine | Title: Questions (and Answers) on the iPad's Shortcomings | 2/2/2010 | See Source »

Wall Street also seems unhappy about a fee for being big. Financial executives don't like the idea of having to pay a too-big-to-fail tax, but nonetheless I think they get it. Banks pay for deposit insurance - this just extends the idea to the rest of the bank's liabilities, which get covered by implicit too-big-to-fail guarantees. What a lot of firms don't like is the idea of having to pay a financial-crisis-responsibility fee for the next decade, as Obama has proposed to recoup TARP loans to AIG, the auto industry...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

...loose leading up to the crisis, but they stressed that that was no longer the case. All thought that the government needed the power to resolve large troubled institutions. Brian Moynihan, CEO of Bank of America, said the resolution authority could be based on the way the Federal Deposit Insurance Corp. closes down smaller banks, which involves auctioning off troubled institutions to stronger competitors, often with a government guarantee for risky assets. Also questioned by the panel was Morgan Stanley's chairman, John Mack. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Bank CEOs Continue to Fight Financial Reform | 1/14/2010 | See Source »

...Which of the following types of investment would best protect the purchasing power of a family's savings in the event of a sudden increase in inflation? A. A 10-year bond issued by a corporation B. A certificate of deposit at a bank C. A 25-year corporate bond D. A house financed with a fixed-rate mortgage 36% of high school seniors answered this question correctly

Author: /time Magazine | Title: $tudent $avvy | 1/14/2010 | See Source »

...Haiti crisis, Yéle's technology partners Mobile Giving and Give on the Go have waived their typical waiting period of two weeks to deposit the donations. Firms like Mobile Accord - which manages the Red Cross system, among others - pay out donations on a quarterly basis, after customers have paid their cell-phone carriers and those companies have forwarded the money, 100% of which goes toward relief efforts. (Read "Seismologist Roger Musson: Haiti Quake...

Author: /time Magazine | Title: Donating by Text: Haiti Fundraising Goes Viral | 1/13/2010 | See Source »

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