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...safe recreational drug, modafinil seemed to be it. The greatest little pick-me-up since the cup of joe - or so its enthusiasts said - the antinarcolepsy medication has helped recreational and casual users stay peppy without the benefit of sleep. As for addiction? Not to worry. The drugs that hook you most powerfully do their work by mucking about with the pleasure-inducing brain chemical dopamine, but modafinil doesn't go there. "Modafinil," as Slate magazine claimed in a 2003 posting on the drug, "tiptoes around dopamine...

Author: /time Magazine | Title: Safety Concerns Raised Over Popular Wakefulness Drug | 3/17/2009 | See Source »

...excelled at striking the right tone at public appearances. He was almost grinning as he described the "recklessness and greed" of the traders in AIG's financial-products division, a reckless band of wealthy incompetents who made bets they could not pay for, leaving the American taxpayer on the hook for as much as $173 billion in emergency funds - an enormous sum that works out to about $600 for every man, woman and child in America. "How do they justify this outrage?" Obama asked rhetorically, with only the slightest tinge of outrage in his own voice. (Read "Obama's Challenge...

Author: /time Magazine | Title: Obama's AIG Outrage: All Talk, No Action | 3/17/2009 | See Source »

...released the number of the counterparties to many of its credit default swaps. AIG had decided to insure the value of certain paper owned by the likes of Goldman Sachs (GS), Morgan Stanly (MS), and Deustsche Bank (DB). When the value of that paper fell, AIG was on the hook to pay off the "insurance" which kept the likes of Goldman from having to book large write downs. Those write downs might have pushed Goldman into a difficult financial situation. The same holds true for a number of the other companies doing business with AIG under similar circumstances...

Author: /time Magazine | Title: AIG's Bailout and the Price of Doing Business | 3/16/2009 | See Source »

...welcome sight on the morning of Housing Day. Maybe you’ve heard whispered rumors of Secret Santa Week or about the house life—incredibly close-knit, bordering on downright incestuous. But there’s more to Kirkland than raunchy dining hall skits and regrettable hook-ups. Find out after the jump?...

Author: By FlyByBlog | Title: The Housing Crisis: Kirkland House | 3/14/2009 | See Source »

...culture in Kirkland is a red pill/blue pill situation. Take the blue pill and live in blissful harmony with all your house bros. You’ll spend all of Secret Santa week watching underclad men gyrating in the dining hall and figuring out who you’ll hook up with at Incest Fest. You’ll lose at Case Day to Crimson Sports Chair Loren Amor, and you’ll be indoctrinated into the cult of John Thornton Kirkland, the house’s namesake. Take the red pill and you’ll see that...

Author: By FlyByBlog | Title: The Housing Crisis: Kirkland House | 3/14/2009 | See Source »

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