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...very broad as things get worse. It might be of some comfort that all analysts think that 555 banks will fail in the next 24 months. Instead, some put the number at 200 and others at 1,400. The facts at the center of the analytic process change so fast that even the well-trained experts cannot keep up with and integrate the constantly changing information, in order to offer consistent predictions...

Author: /time Magazine | Title: Guessing How Many Banks Will Fail | 2/10/2009 | See Source »

...million or 12 million sales a year. However, the by-product of this process is that at 16 million unit sales, which is the level from just three years ago, Detroit may be forced to give up market share because it cannot replace its old plants and labor infrastructure fast enough to take advantage of a modest but rapid sales recovery. At a 20% market share, GM will only have to produce 2.2 million vehicles in the U.S. this year. If it wants to keep that share when sales get back to where they were the year before the economy...

Author: /time Magazine | Title: When Does Detroit Run Out Of People To Cut? | 2/10/2009 | See Source »

...Fast Facts...

Author: /time Magazine | Title: Mohammed Khatami | 2/10/2009 | See Source »

...resource. "Dogs have similiar physiology and can communicate with humans,' explains Lee. He is currently working on producing a "transgenic" dog - or a dog whose DNA is manipulated to either delete or introduce new genes - to enable scientists to better understand the role of genes in certain diseases and fast track treatments and cures for diseases like diabetes and Alzheimers. But it won't be easy. "Dog reproductive physiology is so unique," explains Chungnam's Kim, who has the same ambitions as Lee. Kim predicts his team won't get the job done for another three to five years...

Author: /time Magazine | Title: South Korea's Pet Clone Wars | 2/10/2009 | See Source »

...owner Christine Adams says that the only warning was a red glow in the sky. "We sent the guests packing and put a few things in the car and then we saw the flames. It was like a huge fireball that came over the hill. It was moving very fast and we grabbed a few more things and headed out of town in a convoy," says Adams whose hotel burned to the ground...

Author: /time Magazine | Title: Horror and Tragedy in Australia's Worst Wildfires | 2/9/2009 | See Source »

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