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...December 2006, Viniar led a meeting of senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting in and famously decided to pull back from the mortgage market. The firm then shorted various mortgage-securities indexes - betting that prices would fall - at the very moment that other firms were still making big long bets on the securities. Goldman...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

...tube: the more TV time kids log, a study found, the higher their blood pressure is, regardless of weight--a spike not seen in connection with other sedentary behaviors like computer use. Researchers say the culprit may be showtime snacking, overstimulation and subsequent sleep loss, or exposure to junk-food commercials...

Author: /time Magazine | Title: The World | 8/17/2009 | See Source »

...Ludwig reminds parents they are not solely to blame for their child's weight. Many other environmental influences - from fatty school lunches to fast-food ads - are simply outside parents' control. That doesn't mean they can't make a difference at home, though, by getting junk food out of the cupboards, limiting TV time and - most important - being good role models. "The tragedy that so often occurs is that parents, out of fear for their kids' health, make a bad situation worse by using coercive parenting practices," Ludwig says. In his book, Ludwig writes that forcing certain dieting rules...

Author: /time Magazine | Title: Is My Child Really Overweight? | 8/7/2009 | See Source »

...fidgeting or changing body positions, but is that enough to explain the difference? The study's authors propose several other possible explanations. For instance, beyond the complete inactivity involved with TV-viewing - which alone raises the risk of high blood pressure - children may be compounding their sloth by eating junk food. "A full bag of chips or a plate of hot dogs can disappear a lot more quickly while watching TV than they might at any other occasion," says Ludwig. And the types of foods that children are likely to be eating in front of the tube, like salty snacks...

Author: /time Magazine | Title: Watching TV: Even Worse for Kids Than You Think | 8/4/2009 | See Source »

Jeff Blackburn, head of the Innocence Project of Texas, has labeled the dog-scent evidence as "junk, not even junk science." He adds, "We are working on a very intense, independent investigation of Pikett's activities." Pikett, who through his lawyer has declined public comment, is being sued for civil-rights violations in federal court by Miller and Buchanek. Blackburn says the innocence team is combing Texas public records to assess Pikett's impact on other cases. In the meantime, the Innocence Project of Texas study is being supported by canine-law-enforcement experts who, while not going...

Author: /time Magazine | Title: Dogs and the Scent of a Crime: Science or Shaky Evidence? | 8/3/2009 | See Source »

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