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...economy and two wars to handle the gay ban right away. "It's a complete lie that he has too much stuff on his plate - this is the guy who criticized Bush for not being able to multitask," Pietrangelo says. "We have an old saying in the military - the maximum effective range of an excuse is zero meters...

Author: /time Magazine | Title: Dismay Over Obama's 'Don't Ask, Don't Tell' Turnabout | 6/9/2009 | See Source »

...economists say, their lack of economic intuition may have caused them to make incorrect assumptions that biased the models.One of the quantitative modeling concepts that has come under heaviest fire is Value at Risk, which, unlike Black-Scholes, was born of the demands of the trading floor.VaR projects the maximum loss a company will suffer in a given day assuming typical market conditions, such as 95 or 99 percent of the time. Senior management can then control the risks assumed by the firm by directing traders to increase or decrease the VaR, depending on the company’s appetite...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Post-Crisis Economics | 6/3/2009 | See Source »

...better job than just about anyone else of forecasting in 2006 and early 2007 what was about to happen in U.S. financial markets. This wasn't a broken-clock-is-right-twice-a-day thing: Schiff appeared on the national scene just as the credit bubble was reaching maximum inflation and offered a critique of the nation's unsustainably debt-fueled economic trajectory that is now--after the fact--widely accepted...

Author: /time Magazine | Title: Why We Should Listen to Peter Schiff's Bad News | 6/1/2009 | See Source »

...embargo on oversize, overweight or excess baggage from June 6 to Aug. 25 on flights from the U.S. to Grenada, Jamaica, Haiti, Ecuador, the Bahamas, Mexico, Puerto Rico and other destinations in the Caribbean and Central and South America. Passengers will be allowed one carry-on bag, with a maximum size of 45 linear inches and a maximum weight of 40 lb. Checked luggage weighing between 51 and 70 pounds will cost $50 per bag. Sports equipment, such as golf bags, surfboards and other items, can be counted as part of the total checked-bag allowance, but you may have...

Author: /time Magazine | Title: Summer Travel: Hotels for Under $100 | 6/1/2009 | See Source »

...Meanwhile, Republicans are pushing to slow down the process, to give themselves maximum time to find that incendiary something in her rulings and public statements. Senate Majority Leader Harry Reid has said he'd like to see Sotomayor confirmed before the Senate leaves town on Aug. 7 for its summer recess...

Author: /time Magazine | Title: Sonia Sotomayor: A Justice Like No Other | 5/28/2009 | See Source »

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