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...just talking about financial institutions or companies in general, such as GM? It applies to any kind of firm that isn't solvent. It doesn't matter if it's a car producer, an industrial firm or a financial firm. It should be encouraged or even compelled to file for bankruptcy. When you keep on bailing out institutions indiscriminately, there is no incentive for them to be prudent in what they're doing, because they know that whatever they do, whatever problems they create by their own behavior, the government will come along and bail them...

Author: /time Magazine | Title: Advice from an Economist Who Saw 1929 | 7/9/2009 | See Source »

...that the human brain may contain much more plasticity than they thought. Understanding how it recovers from injury or compensates for damaged tissue may shed light not only on memory disorders, but also on other conditions, such as Parkinson's or Lou Gehrig's disease, Hyman suggests. "That kind of mental flexibility would be an important component to recovery from any kind of damage...

Author: /time Magazine | Title: Can Language Skills Ward Off Alzheimer's? A Nuns' Study | 7/9/2009 | See Source »

...southwestern Alaska, reachable only by boat or plane. TIME caught up to her there. It was salmon season, and thick fillets, red from the smokehouse, were drying on a line strung from a nearby tree. Husband Todd Palin was chopping wood and feeding it into a homemade sauna, the kind that native fishermen - like him - sweat themselves clean in after a day on Bristol Bay. He likes it hot - 190°F to 200°F (about 90°C to 95°C) - but that's too much for Sarah. Daughter Piper hovered over her baby brother Trig...

Author: /time Magazine | Title: The Outsider: Where Is Sarah Palin Going Next? | 7/9/2009 | See Source »

...rectify this? It's going to take longer than 18 to 24 months to make permanent progress. What I want to see here in stages is, first, if in a fairly limited time we can focus our force on fighting the war that we want to fight, the right kind of counterinsurgency strategy; and second, if we can organize ourselves, in terms of command and control structures, in terms of unity of effort, in terms of all working together. The increase in civilian capacity that is coming in - how we lash that together - I am hoping that...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

...those guys. It was amazing - they were not shook. And [I said], "O.K., where were you on 9/11?" And I was a general officer, and he looked at me and said, "Sir, I was in sixth grade." And that reminded me of something. It reminded me of what kind of force we had. I'll think of others...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

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