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...that a company's stock value is zero. Recently, there have been research notes that say that GM (GM) is worth zero, and that Citi is. Saying something is worth zero is too easy. Most analysts have to give a range of prices and reasons for their upper and lower targets for share value forecasts. Saying something is worth zero is cheating. It takes away any meaningful analysis of the worst case. Stock prices never trade in negative numbers. (See pictures of TIME's Wall Street covers...
After a four-week rally, stocks moved lower on Monday and Tuesday. Does this spell the end of the uptrend or just healthy consolidation? To find out, TIME contributing editor John Curran spoke with Mary Ann Bartels, stock market technical analyst at Bank of America/Merrill Lynch...
...Minnesota study, researchers sedated macaque monkeys and placed recording electrodes in their spinal nerves. They injected histamine into the monkeys' lower legs to produce an itch, and the STT neurons fired up. The researchers then scratched the paralyzed, itchy legs with a metal device that mimics the sensation of monkey fingers and found that the firing rate in the neurons dropped rapidly. That sudden drop-off in firing is the neurological equivalent of the relief felt after a good scratch, indicating that scratching seemed to calm the nerves and therefore relieve the itch. The findings supported the researchers' initial hunch...
...certainly does not possess the extensive celebrity of past Commencement speakers, and his pairing with Class Day speaker Matt Lauer represents a lower-profile lineup than those to whom Harvard students have historically been accustomed. However, Chu’s lack of widespread name recognition in no way forestalls him from delivering an engaging and insightful address. An eloquent proponent of novel approaches to achieving America’s energy self-sufficiency, Chu will surely offer important insights into the progress of our national efforts and the role of Harvard students in bringing these efforts to fruition. The choice...
...many of us in medicine smoke cigarettes any more. Few who live in the fancy zipcodes do either. Cigarettes, to an extent, have become an indicator of lower socioeconomic status. This week public hospitals were handing out free nicotine patches as the federal cigarette tax more than doubled, to $1.01, which means that in places like New York City a pack costs more than $9, sometimes more than $10. Like the lottery, this is exactly what Democrats should hate - a tax on the poor. (Do Dems stay silent on cigarettes because the government needs the money?) Certainly, in this economic...