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Sounds awfully logical. So why haven't we stuck it to these guys? Because we're afraid they'll panic. "Unfortunately, we've built a system where if you hammer those guys hard, you're going to have a global credit collapse," said Simon Johnson, a former chief economist of the International Monetary Fund who teaches at the Massachusetts Institute of Technology and whose blog, Baseline Scenario, has become essential reading for crisis buffs. The Federal Reserve and Treasury left creditors at Lehman Brothers adrift in September, and the repercussions were so dire that regulators resolved not to let such...

Author: /time Magazine | Title: The Great Bond Bailout | 3/12/2009 | See Source »

...global demand, California's almond growers have doubled acreage since 1981, forcing them to lean heavily on imported bees from as far away as Vermont. Drive along the unlined roads around Hughson, and it's easy to find 10 different almond farmers renting hives from 10 different states. Orin Johnson, whose family has been keeping bees around Hughson since the 1950s, remembers when beekeepers earned less than $10 per hive in pollination fees to supplement their main business: honey. "Almonds were nothing," says Johnson, examining some of his 700 hives, his snow white hair peeking out from beneath a green...

Author: /time Magazine | Title: Postcard from Hughson | 3/12/2009 | See Source »

...syrup, sugar and pollen substitute to artificially bulk up hives ahead of the almond season, while killing off parasitic mites with pesticides. Plus, parking the hives smack in the middle of this land of almonds "is comparable to us going to McDonald's every day for a month," says Johnson. "In the past, you'd have a blend of sources, and [the bees] seemed so much healthier." Johnson and many bee researchers believe this monocultural diet may have contributed to the recent epidemic of colony-collapse disorder (CCD)--a mysterious phenomenon that can kill up to 90% of a hive...

Author: /time Magazine | Title: Postcard from Hughson | 3/12/2009 | See Source »

...Society was thrilled to be giving this award to such a distinguished historian and to the president of such a distinguished university, Mirrer said. She also added that the Society mainly receives entries for the award that are biographies and narrative accounts. History Professor Walter Johnson said Faust’s book—which was published early last year—makes readers think about what the phrase ‘the war dead’ means in new ways. “Its among the handful of books I think everyone should read about the Civil...

Author: By Kristi J. bradford, CRIMSON STAFF WRITER | Title: Faust Wins Award for her Book on the Civil War | 3/12/2009 | See Source »

...California's quest to control greenhouse gases goes back a few years. It originally applied for a waiver from EPA's national jurisdiction on December 21, 2005. The request was denied by then EPA Administrator Stephen Johnson on March 6, 2008. At the urging of President Obama, the EPA is now reconsidering that original waiver request...

Author: /time Magazine | Title: California and Detroit Go to War over Gas Mileage | 3/8/2009 | See Source »

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