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...direction, and he bails out all the irresponsible people and institutions that have gotten us into the subprime mess and subsequent debt-market crunch. Too far in the other, and the global financial system collapses on his watch. "In a run, fear that a bank may fail induces depositors to withdraw their money, which in turn forces liquidation of the bank's assets," Bernanke wrote in 1983 as a young economics professor. "The need to liquidate hastily, or to dump assets on the market when other banks are also liquidating, may generate losses that actually do cause the bank...

Author: /time Magazine | Title: Ben Bernanke Walks the Line | 8/23/2007 | See Source »

SATELLITE From 22,000 miles above the equator, satellites scope the location, size and intensity of new storms, but the NHC head says some outdated satellites could fail soon, hurting forecasts...

Author: /time Magazine | Title: Dashboard: Sep. 3, 2007 | 8/23/2007 | See Source »

...like sales revenue. "The internal model is burned into our brains," she says, "but research and the actual experience of many managers demonstrate that a team can function very well internally and still not deliver desired results. In the real world, good teams, according to our own definition, often fail...

Author: /time Magazine | Title: It's What's on the Outside that Counts | 8/23/2007 | See Source »

...victim of Palestinian obstinacy and aggression without any questioning why Palestinians are so aggrieved. Those who cared to look beyond the rhetoric of U.S. and Israeli policy and familiarize themselves with the appalling injustice that has befallen the Palestinian people over the past 60 years could not fail to sympathize with their struggle for justice, freedom and the application and protection of international law - something that we Westerners take for granted but quietly ignore when it comes to the Palestinians. Sean Clinton, LISNAGRY, IRELAND...

Author: /time Magazine | Title: A Nation of Dreams | 8/21/2007 | See Source »

...Salvatierra is right that a one-sided approach to immigration - enforcement alone - will most likely fail. But it will fail for economic, as much as moral, reasons. Agriculture and service sectors still rely too much on hardworking immigrants, regardless of their legal status. Even the whispers of a crackdown have stirred fear in the restaurant industry and added to the angst of farmers, who have steadily reported labor shortages throughout the summer. And the lure for workers to come here is as strong as ever. A Pew Hispanic Center study released today shows Latino immigrants, legal and illegal, have made...

Author: /time Magazine | Title: The Fallout from a Deportation | 8/21/2007 | See Source »

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