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...that outflow of deposits is also part of a longer-term trend away from corporate credit unions. When the corporates were set up in the 1970s, they were meant to provide the liquidity that retail credit unions couldn't get elsewhere. As the era of deregulation descended on the financial-services industry, though, retail credit unions were increasingly able to fund themselves directly in the capital markets. To stay competitive, corporate credit unions knew they had to pay higher yields - and that meant riskier investments. "Over time they morphed into something more like investment banks," says Charles Felker, a managing...

Author: /time Magazine | Title: Are Credit Unions in Trouble? | 12/10/2008 | See Source »

Still, the cash-for-fat idea proved powerful, and Volpp envisions ways it could be improved so that the weight loss sticks. If you run the programs for 12 to 18 months, for example, subjects start to reap the physical rewards of trimming down. "Their knees and back no longer ache. They start to look better in clothes," he says. "Those benefits become their own reinforcements, so you can turn off the incentive program." Employers and insurers could adopt a similar program, with monthly premiums falling along with the numbers on the scale. "We all tend to discount amorphous health...

Author: /time Magazine | Title: A Diet Plan That Works: Pay for Weigh | 12/10/2008 | See Source »

...ever going to lead globally on climate change. But while the thought of President Obama has environmentalists feeling warm around the world, the cold logic of the Inaugural schedule means that President George W. Bush's negotiators are still in charge at Poznan. While his team no longer has the power to bring talks to a standstill, as it has in past years (other countries are now treating the Bush team like an annoying houseguest that has overstayed his welcome), Obama can't be anything but vague for now. Although he sent observers to the summit, many greens wish...

Author: /time Magazine | Title: What to Expect from the UN Climate-Change Summit | 12/10/2008 | See Source »

...practical” majors like economics or chemistry, but only if departments are willing to develop their curriculum to suit the times. Harvard’s new English program allows for much greater flexibility of study and can incorporate a wider variety of interests.English is no longer a field whose scope can be limited to Great Britain and North America. Literature written in English is truly a transnational corpus, as migration and colonization have spurred the creation of English works from literally every corner of the map. The new common-ground modules emphasize the flexibility and adaptability of the English...

Author: By The Crimson Staff | Title: The English Revolution | 12/9/2008 | See Source »

...example, if a bacteria is treated with two drugs, A and B, and becomes resistant to drug A, then drug A is no longer an effective treatment. But if drug A suppresses some of the effect of drug B, then developing a resistance to drug A might allow drug B to become more potent, thus having an overall deleterious effect on the bacteria. In effect, Kishony said, “getting beat up by one is worse than getting beat up by both...

Author: By Alissa M D'gama, CRIMSON STAFF WRITER | Title: Gates Grants Fund Research | 12/9/2008 | See Source »

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