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...Central banks have used special injections of liquidity to prevent key interbank credit lines from seizing up. But the U.S. Federal Reserve has few levers to pull when it comes to the non-bank sector that is at the epicenter of the contraction. Many investors are betting that the Fed will have to do more, including making large cuts in interest rates, to restart credit creation and prevent further damage to the economy. A decade ago, the world also looked to Washington - and, specifically, the International Monetary Fund (IMF) - for deliverance from the financial turbulence. This was immortalized...

Author: /time Magazine | Title: Asia Rising | 9/13/2007 | See Source »

...local housing prices, construction employment and the like. The great test of the coming months and years is whether the U.S. economy is strong enough to withstand that kind of pressure without buckling. Right now things aren't looking good, but this is an equation with too many variables--Fed rate cuts, congressional bailouts, the ebb and flow of the global economy--to solve in advance...

Author: /time Magazine | Title: Coping With a Real-Estate Bust | 9/13/2007 | See Source »

...benefits of breast-feeding are many and varied. Studies suggest that breast-fed kids are smarter, taller, thinner, healthier and less stressed than babies on bottles. Plus, breast-feeding helps moms bond with their babies and may even lower their blood pressure. So, is there anything breast milk can't do? Apparently, yes, according to a new study published Tuesday by BMJ Online: It doesn't offer infants much defense against asthma or allergies...

Author: /time Magazine | Title: What Breast-Feeding Can't Do | 9/11/2007 | See Source »

Researchers report that women in the intervention group breast-fed significantly longer than women in the control group: at three months, 73% of the intervention group was breast-feeding, compared with 60% of the control group, and the number of women breast-feeding exclusively was seven times higher. By a year after birth, rates of breast-feeding had dropped across the board; but still, 20% of the intervention group was breast-feeding versus 11% of the controls...

Author: /time Magazine | Title: What Breast-Feeding Can't Do | 9/11/2007 | See Source »

...fever, and about 1% had suffered bouts of eczema. Researchers also performed skin-prick tests on the children; again, there was no significant difference between incidence of allergy - to dust mites, cats, pollen, grass and Alternaria, a common fungus - between the groups. In the breast-fed group, about 9% were allergic to pollen and Alternaria, 12% to cats and grass and 15% to dust mites. Absolute rates of all allergies were slightly lower in the control group, but the variations weren't statistically relevant...

Author: /time Magazine | Title: What Breast-Feeding Can't Do | 9/11/2007 | See Source »

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