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...Iceland Banks Fail; Government Follows After months of protests triggered by the collapse of Iceland's economy amid the global financial crisis, its government finally joined suit on Jan. 26. It has been replaced by a new left-leaning coalition that is expected to tap Johanna Sigurdardottir to take the helm. The 66-year-old Social Affairs Minister would become the world's first openly gay woman to serve as head of state...

Author: /time Magazine | Title: The World | 1/29/2009 | See Source »

...need more traditional enforcement," says Dunbar. "With big funds and banks, the government, in effect, becomes the back-up insurance if they go bad. Firms that grow too big to fail must pay for this insurance; this might achieve a kind of new self regulation." (See the top 10 financial collapses...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...biggest reason IVF treatments so often fail is that even in the best of circumstances, not all eggs are created equal. Up to half the eggs younger women produce carry chromosomal abnormalities that make a full-term pregnancy impossible; that number climbs to three-quarters as women age. The problem is, you can't check the health of the chromosomes without damaging the egg and making it useless for conception. What's needed is a way to make a copy of those chromosomes and subject them to analysis, leaving the egg unharmed. The good news is, such a copy already...

Author: /time Magazine | Title: Building a Better Baby: A New In Vitro Test | 1/27/2009 | See Source »

...plutonium "pit" of a nuclear weapon - the heart of its extraordinary power - suffers radioactive decay, losing power and building up impurities, over time. There is concern that aging pits may fail to detonate properly, or perhaps...

Author: /time Magazine | Title: Obama's Showdown Over Nukes | 1/26/2009 | See Source »

Provincial balloting in southern Iraq on Jan. 31 will probably reveal how much life remains in the Sadrist movement. If candidates tied to the movement fail to make a decent showing in cities such as Basra, Amarah, Najaf and Karbala, the Sadrists' only official political power will be in the Iraqi parliament, where they hold 28 of 275 seats...

Author: /time Magazine | Title: As Iraqi Elections Loom, al-Sadr's Political Clout Fades | 1/26/2009 | See Source »

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