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...moment, there are few buyers for the toxic assets that are poisoning Citigroup, Bank of America and other major financial players. The unsellable loans sit on the banks' balance sheets at a huge loss, priced from zero to an optimistic 60% of what they might have sold for before the crash...

Author: /time Magazine | Title: Will a Mark-to-Market Fix Save the Banks? | 3/11/2009 | See Source »

...process of rewriting the book, which was first published in 1952. The DSM-V, as the fifth edition will be called, is set to be published in 2012. But the process of researching it began way back in 1999 - five years after the publication of the last major revision, the DSM-IV - meaning the new book's production will take 13 years overall. (Read about how we get labeled...

Author: /time Magazine | Title: Redefining Crazy: Researchers Revise the DSM | 3/11/2009 | See Source »

Hyman said in an interview that one way the DSM currently handles this complexity is to have what he described as a "wastebasket" diagnosis - called "not otherwise specified" (NOS) - that captures just about anything that doesn't easily fit the categorical model. One major problem with the NOS diagnosis: pretty much anyone can qualify for a diagnosis that, by definition, is not specified. A 2005 American Journal of Psychiatry paper found that nearly half of a group of 859 people who sought psychological help in Rhode Island could be considered to have a DSM personality disorder if diagnosticians were allowed...

Author: /time Magazine | Title: Redefining Crazy: Researchers Revise the DSM | 3/11/2009 | See Source »

Tuesday's strike was the second major attack in a week, raising fears of a return to Iraq's bad old days when such deadly blasts were daily occurrences. On Sunday, a suicide bomber wearing an explosives belt and riding an explosives-laden motorcycle targeted recruits outside Baghdad's Police Academy, leaving some 28 dead. The spike in violence comes as the U.S. prepares to reduce its troop numbers here from 140,000 to 128,000 by September. It also follows Prime Minister Nouri al-Maliki's attempt to cobble together a semblance of pan-Iraqi political solidarity...

Author: /time Magazine | Title: Abu Ghraib Blast: A Return to the Bad Old Days in Iraq? | 3/10/2009 | See Source »

...Major General David Perkins, a spokesman for U.S. forces in Iraq, told a press conference in Baghdad on Sunday that al-Qaeda was increasingly desperate to maintain relevance in Iraq. The source close to the insurgency told TIME that al-Qaeda was regrouping and recalibrating its focus. "The politics of the attacks have changed," the source said. "They don't want to attack the Americans because they know they are leaving. They are targeting the Awakening councils and the tribes because they are working with the government," he said, referring to the mainly Sunni councils that turned against the insurgency...

Author: /time Magazine | Title: Abu Ghraib Blast: A Return to the Bad Old Days in Iraq? | 3/10/2009 | See Source »

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