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...political terms, Obama's response was late, and Pelosi's even later - drilling had already become a one-hit wonder for the GOP. Although the Democrats succeeded in watering down the bill, limiting drilling to at least 50 miles offshore (the Republicans had sought a 3-mile limit), helping to pass any sort of drilling bill was not easy, after years of reliance on electoral support for conservation over extraction. "It's like a Republican waking up one morning and realizing that suddenly Americans don't want lower taxes; they want higher taxes," said a senior Republican aide on Capitol...

Author: /time Magazine | Title: Democrats Join the 'Drill, Baby, Drill!' Chorus | 9/17/2008 | See Source »

...IRAs and certain other retirement accounts held at FDIC-insured banks.) If you have more than $100,000 in deposits at a single bank, well, congratulations. But you probably want to spread it around. Sometimes people wind up over the FDIC limit simply because banks merge. Bank of America, to take a prime example, started its acquisition binge long before Countrywide and Merrill Lynch. Inertia prevents plenty of people from opening up new accounts elsewhere. Now might be a good time to do that...

Author: /time Magazine | Title: Wall Street's Bomb: What's the Fallout for You? | 9/16/2008 | See Source »

Several principles can be employed to squelch false rumors - true rumors should be confirmed, by the way - or limit their impact. First, respond quickly to the rumor; it becomes more difficult to counter after repeated circulation and wide dissemination. Second, it is generally best to respond to the rumor rather than use a "no comment" policy; "no comment" tends to increase uncertainty, further fueling the rumor. Third, diminish uncertainty by using a clear, point-by-point refutation with solid evidence. Fourth, the refutation should also come from a trusted, neutral, third-party source. Fifth, it is best to give context...

Author: /time Magazine | Title: Q&A: How to Combat Gossip | 9/15/2008 | See Source »

...Harvard goal at 83:30.But Gerow’s goal notwithstanding, Mann, who recorded six saves on the day, withstood Davidson’s second-half pressure. Lau and sophomores Kerry Kartsonis and Katherine Kuzma worked hard on the middle and back lines to maintain possession and limit breakaway opportunities for Davidson. Still, the Harvard crowd had more than its fair share of thrills as time ran down on the Wildcats’ comeback bid, and at times the Crimson’s once-comfortable cushion seemed to be slipping away.“They were keeping the ball better...

Author: By Emily W. Cunningham, CRIMSON STAFF WRITER | Title: Road-Weary Crimson Earns Win | 9/14/2008 | See Source »

...Mukasey’s mind can harbor such considerable doubt on the applicability of the law over which he nominally presides, the upstanding citizen must be permitted a degree of skepticism with regard to the more picayune demands of that same law (for example, speed limits, and the pettier larcenies). It may prove helpful to think of the various penny-ante admonitions of the powers-that-be in a given free nation-state as ‘strong suggestions,’ rather than written legislation or penal code, even if in every case they are of the latter class...

Author: By James M. Larkin | Title: Against Speed Traps | 9/14/2008 | See Source »

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