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...that worst-case scenario doesn't appear to be materializing. The central bank of the United Arab Emirates promised on Sunday to stand behind the country's banks with fresh liquidity, causing stock markets in Asia to rebound on Monday. Nevertheless, the Dubai debacle is just the kind of dangerous unknown that can still arise out of the financial crisis, even while a general recovery is under way. Financial crises change the rules of the game, especially when it comes to determining how money flows, and where and to whom. Perceptions of risk among bankers and investors can change...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...Political Science, wrote bluntly. Others see the Dubai crisis as the potential flashpoint for a new stage of the global crisis, a sign that heavily indebted sovereign states might begin having trouble financing their deficits, or that investors will reassess their exposure to risky emerging markets in some kind of financial "contagion." BofA Merrill Lynch strategists postulated in a report that "one cannot rule out - as a tail risk - a case where this would escalate into a major sovereign-default problem, which would then resonate across global emerging markets...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

Commenting on the new paper, Born suggests that using sounds is more effective than smells because it lets you choose the memories you want to promote. "Auditory stimuli have the advantage that they can be very specifically linked to visual stimuli," says Born. "With odors, this kind of thing is not possible...

Author: /time Magazine | Title: Want to Boost Your Memory? Try Sleeping on It | 11/30/2009 | See Source »

...report in the current issue of Pediatrics helps fill in the gap, providing the first randomized, controlled trial - the most rigorous kind of study - of a comprehensive autism treatment that appears to work well for children as young as 18 months. While none of the children in the study were "cured" of autism, those receiving two years of intensive therapy achieved major leaps in IQ score, big improvements in their use of language and significant gains in their ability to handle the kinds of everyday tasks necessary for a child to function at school and at play...

Author: /time Magazine | Title: New Evidence That Early Therapy Helps Autistic Kids | 11/30/2009 | See Source »

...anyone can submit a movie, in any format and about pretty much anything, and there are no juries or awards. At the time of writing we were unable to confirm dates for the 2010 meet, and the festival's website had been down for days. But that's the kind of free-spirited, anarchic organization you're dealing with...

Author: /time Magazine | Title: The Festival Circuit | 11/30/2009 | See Source »

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