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...raise prices, implying that the impact of excess capacity in the region might not be as severe as some fear. "What was so scary about the recession were the unprecedented output gaps that conjured up images of endless industrial slack and competition so fierce that no one could ever hope to raise their prices again," Neumann wrote. "What's happened now, however, is almost as stunning ... pricing power is starting to return far earlier than anyone dared to predict...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

...demand to recover. "There still is hope that we'll go back to the old days," Qu says. But "demand in the future will be lower than in the past," he says. "That means the factory owners have to face reality" - the reality of them no longer cranking out ever more widgets in a widget-weary world...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

...wonder nobody has ever come forward to blow the whistle on the Swiss banks before - and with this mind-set, the government is guaranteeing that nobody will come forward again and disclose information about tax fraud on this scale," says Dean Zerbe, a tax attorney representing Birkenfeld in his dealings with the IRS. Zerbe also served as tax counsel for the Senate Finance Committee; in 2006 it revised the tax code to include whistle-blower protections...

Author: /time Magazine | Title: Why Is the UBS Whistle-Blower Headed to Prison? | 10/6/2009 | See Source »

...Ever wonder why some youngsters approach food as an adventure and others insist on mono-meals of mac 'n' cheese? Turns out kiddie palates don't happen by accident. Studies show that children prefer the flavors they experience early on, including while they're in the womb. A pediatrician is drawing on that research to help get more pregnant and nursing women to eat healthy, varied diets - because doing so will make their babies predisposed to eat what's good for them...

Author: /time Magazine | Title: Starting Good Food Habits in Kids from the Womb | 10/6/2009 | See Source »

Harvard College Library is going online! No, they're not putting up online versions of all the texts in the Harvard library system (Only in FlyBy's dreams). In fact, the library's new initiative involves the biggest source of procrastination ever. Facebook...

Author: By Lauren D. Kiel | Title: LOL @ HCL | 10/6/2009 | See Source »

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