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Words can hurt. That's a lesson Ben Bernanke learned not long after being confirmed in January 2006 as the head of the U.S. Federal Reserve. At a Washington dinner a few months later, Bernanke responded to a question from CNBC anchor Maria Bartiromo, who asked whether the media and financial markets were right to think that he had signaled the Fed was done raising interest rates. "He said, flatly, no," she reported on her program at about 3:15 p.m. the following Monday, causing stock prices to drop sharply before the market closed. He called that move a mistake...
...getting $450 million in bonuses. Some of the media put the number lower than that, but Congress and The White House have already complained loudly that any amount of money paid to an operation that helped undermine AIG's viability should get nothing. Edward Libby, the feckless former head of Allstate (ALL) who was brought in to turn AIG around, apparently did not know about the bonuses until recently. In the brief note he sent to the Fed apologizing for the problem he said that the company's hands were tied. The employees getting the money had contracts guaranteeing them...
...have little effect, but as a group - or even in lab-created packages of 20 to 50 antibodies - they seem to confer some protection against disease progression. "It's the first time that anybody's really looked at what the antibody response is," says senior investigator Michel Nussenzweig, head of the Rockefeller University's Laboratory of Molecular Immunology. "If we know what can work in nature, then the next step would be, Let's see if we can reproduce it." (See the most common hospital mishaps...
...increasingly emphasize rapid delivery of anything that can lighten a soldier's load. As a result, the U.S. Army Infantry Center at Fort Benning, Ga., is experimenting with a 4,000-lb, six-wheeled semiautonomous, supply-carrying robot vehicle called the Squad Mission Support System (SMSS), which will likely head to the mountains of Afghanistan for testing sometime next year...
...returned to the police station. Karim was in a good mood. He said that the detainee had been moved, but overnight he had helped the Iraqi police locate explosives that could kill civilians, and admitted, on videotape, to shooting an Iraqi Police officer in the back of the head. Kim relayed this information up to his commanders and down to his men. All were pleased about the way this particular significant action had played out. It was the first time that Kim's platoon had managed to chase down and apprehend an attacker in Ras al-Koor...