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...bankruptcy and bottomed when Citigroup (C) traded below $1 last month. Most analysts believe that mortgage-backed securities which included packages of subprime home loans failed when mortgage default rates went up and housing prices raced down. That is only partially true. Banks made a tremendous series of ill-advised loans to private equity firms, hedge funds, commercial real estate holders, and the average man with a credit card balance which he cannot pay. (See pictures of the top 10 scared traders...

Author: /time Magazine | Title: More Quickly Than It Began, The Banking Crisis Is Over | 4/10/2009 | See Source »

...believe you can be just as competitive as you are now when you reach 50? Michael Schmim ROCKFORD, ILL...

Author: /time Magazine | Title: 10 Questions for Dara Torres | 4/9/2009 | See Source »

...first versions of armor to protect against gunshots appeared in the 18th century, made of layers of cotton and sufficient enough to protect against rudimentary firearms. In the 1870s, Australian outlaw Ned Kelly famously crafted entire suits from steel for himself and his gang members for the final, ill-fated standoff with police that led to his capture. During the Korean War of the 1950s, U.S. forces used armor made of fiberglass, nylon and heat-treated aluminum. Today an array of protective gear is available including the soft ballistic vests favored by police and S.W.A.T. team members, often made...

Author: /time Magazine | Title: Body Armor | 4/7/2009 | See Source »

...simply been a dispute about Middle East policy, he would have survived.' Representative MARK KIRK (R., Ill.), saying Freeman's job as head of the Saudi-funded Middle East Policy Council tarnished his objectivity...

Author: /time Magazine | Title: Verbatim | 4/7/2009 | See Source »

...boloco”: “hi there, sorry about that. foil not part of recipe. [Direct message] me your boloco card #... thanks!” Pepper’s 840 followers also saw the tweet.But the communication between CEO and customer is not always about resolving ill will. When one Boloco fanatic tweeted about “annihilating my previous ‘# of burritos in a week’ record,” Pepper invited him to message him for free burritos to continue his winning streak.“I don’t look...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Square Shops Embrace Twitter | 4/6/2009 | See Source »

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