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...about $3.3 trillion worldwide. That is well above projections by most economists and the IMF. Nationalization of U.S. banks would cause hundreds of billions of dollars of losses to the common and preferred stockholders in the firms. This, in turn, could cause the failure of some investment funds that hold those shares. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...society that provides opportunities for all," he says. Well, sure. But he dismisses the idea that kids need higher IQs to achieve success, and that's just wishful thinking. As I argued here, we need to do more to recognize and not alienate high-IQ kids. Too often, principals hold them back with age-mates rather than letting them skip grades...

Author: /time Magazine | Title: Is Genius Born or Can It Be Learned? | 2/13/2009 | See Source »

...Cambridge Election Commission will hold a vacancy recount to officially determine Murphy’s replacement...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Brian Murphy Departs City Council | 2/13/2009 | See Source »

...number's association with Friday, however, didn't take hold until the 20th century. In 1907, eccentric Boston stockbroker Thomas Lawson published a book called Friday the Thirteenth, which told of an evil businessman's attempt to crash the stock market on the unluckiest day of the month. Thanks to an extensive ad campaign, the book sold well: nearly 28,000 copies within the first week. In 1916 the book was turned into a feature-length silent film...

Author: /time Magazine | Title: Friday the 13th | 2/13/2009 | See Source »

...Leslie H. Gelb, of the Council on Foreign Relations, believes the Iranians won't be interested in small accommodations and will probably hold out for more substantive discussion. That's because the Iranians have been down the road of small-bore cooperation with the U.S. before, most recently on Afghanistan, and have invariably been left with nothing to show for their efforts. "They'll wait for a [broader] conversation," he says. Only after comprehensive talks begin, Gelb says,"can there be individual acts of cooperation by each side, to show good faith...

Author: /time Magazine | Title: Talking to Iran: What Are Washington's Options? | 2/13/2009 | See Source »

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