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...repeal has been a big problem. "Europe never had Glass-Steagall," he said. "So why didn't this happen in Europe rather than here?" On derivatives he was a bit more nuanced: All he and the Clinton Administration were trying to do with the 2000 bill, he claimed, was establish that interest-rate and currency swaps - two relatively uncontroversial forms of over-the-counter derivatives - couldn't be regulated as futures by the CFTC. At the time, credit-default swaps weren't on the radar, and the bill didn't prevent the Securities and Exchange Commission or bank regulators from...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...which in turn gives rise to critical insulation and growth factors that can repair neurons damaged by a trauma to the spinal cord. Geron has named its version GRNOPC1. By having more of these cells around the spinal cord, more nerves might be repaired and can then potentially re-establish proper connections. Simply by working with the GRNOPC1 cells, Geron scientists have learned more about how they operate, which will expand their understanding of how the central nervous system might be healed. Says Geron's president and CEO, Dr. Thomas Okarma: "They make dozens of factors that can stimulate nerve...

Author: /time Magazine | Title: Cautious Optimism for the First Stem-Cell Human Trial | 1/24/2009 | See Source »

...learned how to walk into environments and survive.”But O’Brien said that concern for his pets and his partner, Earlene French—whom he calls “Frenchie”—prompted him to return to Cambridge and establish a home off the streets.“I’ve gone through a year of speed when I was a kid, drank really heavily for quite a while,” O’Brien said, “but I finally quit all the craziness because...

Author: By Michelle L. Quach and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Book Stand To Close by April | 1/24/2009 | See Source »

...Additionally, Congress plans to pay out $200 million to provide financial incentives for teachers and principals to do their jobs better. Another $100 million will be used to establish a set of grants to provide $100 to local governments and nonprofit organizations to remove lead-based paint hazards in low-income housing...

Author: /time Magazine | Title: A Guide to Reading the America Recovery and Reinvestment Bill | 1/22/2009 | See Source »

...terror in his Inaugural Address. Instead, there will be a steady drip-drip-drip of diplomacy, especially on neglected issues like nuclear proliferation. Even in the war zones, the Obama Administration will be talking relentlessly - trying to bring the nonextremist Taliban tribes into the Afghan government, trying to establish coalitions of Iraq's and Afghanistan's neighbors (including Iran) to help lower the tensions, hoping the steady accretion of talk and trust will bring the Israelis and Palestinians to a point at which they can begin negotiating a real peace...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

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