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...firm owned by the government does something materially different from what its competitors in the private sector do. If bank owned by the government offers business loans at 3% interest, what does a foreign-based public bank like DeutscheBank do to match that? A government-owned bank can be driven, at least short-term, by policy and not profits. That puts financial firms in the private sector in peril whenever they try to compete. The relationship between a national U.S. bank and private banks both inside and outside the U.S. causes a series of inequities within the system...

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

...bicycling in Itami, a town outside Osaka, Japan, collided with a motorcyclist. After receiving first aid from the rescue workers who arrived on the scene, the 69-year-old was refused by 14 hospitals, citing a lack of doctors or resources to handle his case, as he was driven around in an ambulance. Three hours later, after he was finally admitted to one facility, the man died of hemorrhagic shock...

Author: /time Magazine | Title: Are Japan's Emergency Rooms in Trouble? | 2/16/2009 | See Source »

Personality traits also matter. Simonton writes that geniuses tend to be "open to experience, introverted, hostile, driven, and ambitious." These traits too are inherited - but only partly. They're also shaped by environment...

Author: /time Magazine | Title: Is Genius Born or Can It Be Learned? | 2/13/2009 | See Source »

...base without catering to an English-speaking audience. Characterized by epic orchestration and multilayered instrumentation, Canadian indie rock bands have developed a cohesive sound that Malajube employs, but to an much brighter end overall. The band’s third release, “Labyrinthes,” is driven by poppy, upbeat, playful tunes without sacrificing this intricate quality. Opening with the grandiose, seven-minute “Ursuline,” which begins with a serene piano melody that descends into choppier guitar riffs, the album begins with an air of caution. This sentiment deteriorates as the album...

Author: By Erika P. Pierson, CRIMSON STAFF WRITER | Title: Malajube | 2/12/2009 | See Source »

...street vendor Mustafa Abdalsada a modish en brosse haircut and shaved his beard, leaving just a hint of designer stubble. Local men tend to cultivate beards or luxuriant mustaches of the kind that make even despots look avuncular, but Abdalhadi encourages his clients to try something new. The barber, driven like many Basrawis to erase reminders of a painful past, is giving his battle-scarred city a makeover, one man at a time. (See pictures of Iraq's revival...

Author: /time Magazine | Title: As Britain Leaves, Basra Dares to Dream of Peace | 2/12/2009 | See Source »

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