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...Swedish experts caution that the Swedish financial system is relatively small compared to the U.S. In 1992 most leading government officials knew the bank chiefs on a first name basis. Still, the Swedish experience could hold other lessons, says Robert Bergquist, chief analyst at SEB, one of Sweden's largest banks. "The Swedish success depended on four factors," he explains. Stockholm acted quickly, in open acknowledgement of the problems, and under a broad political agreement across the party spectrum. "Running parallel with these three factors," he says, "a new economic policy - new goals for inflation and the budget - was developed...

Author: /time Magazine | Title: Sweden's Model Approach to Financial Disaster | 9/24/2008 | See Source »

...rewards given to individual teachers based on their students’ test scores. Such a model uniquely achieves both individual and collective accountability for achievement: Granting bonuses in a lump sum to a school will encourage teachers to work together, while appropriating awards on an individual basis will hold teachers accountable within their own classrooms. If a teacher knows that her bonus is based on an average of her students’ scores, she will be more inclined to work closely with students who are most deficient in basic skills, hoping to accelerate them to the pace of the rest...

Author: By The Crimson Staff | Title: Extra Credit | 9/24/2008 | See Source »

...McCain's campaign manager Rick Davis said Monday. "We assume, without fanfare, that he has pulled out of Alaska, where he spent a good deal of media money over the course of the summer. And [I] look forward to him continuing to spend his money in states that we hold significant leads...

Author: /time Magazine | Title: Obama Scales Back His 50-State Strategy | 9/23/2008 | See Source »

...Hold the states John Kerry won in 2004 (which are in the Northeast, upper Midwest and West Coast), plus Ohio, where Obama has invested in more than 70 offices, or Florida, where his campaign recently pledged to spend almost $40 million over the remaining six weeks...

Author: /time Magazine | Title: Obama Scales Back His 50-State Strategy | 9/23/2008 | See Source »

...brands on the government's blacklist of tainted products, had to undergo testing after traces of blood were found in her urine, a possible indication that she might have developed kidney stones caused by the addition of the chemical additive melamine. Zhang said he didn't hold grudges against any individual officials but rather the "collective moral corruption of the producers...

Author: /time Magazine | Title: China's Poisoned-Milk Scandal: Is Sorry Enough? | 9/23/2008 | See Source »

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