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...time to plan another round? The government's bank exams, the results of which were released in early May, seem to have calmed the market and paved the way for the nation's largest financial firms to raise tens of billions of dollars. As a result, a number of academics and policy watchers are warming to the idea of making the stress tests permanent. They like the fact that the stress tests have restored confidence in most of the nation's largest banks. What's more, they argue that even in good times the public bank exams make sense because...

Author: /time Magazine | Title: Is It Time to Plan Another Round of Stress Tests? | 5/18/2009 | See Source »

...consumer who doesn't want to fall into temptation, but I see all these deals out there, what kind of mind games can I play to stop myself from spending money I really need? Number one: don't bring your credit card out to the mall. When you buy something with cash, it feels like it's much more expensive. And because of that, you actually start to say to yourself, "Hey, is this really worth it?" That's trick number one. Trick number two is related to dopamine and addiction. Take a distance to things...

Author: /time Magazine | Title: How Shoppers Make Decisions in a Recession | 5/18/2009 | See Source »

...that spending so much money in such a short time is bound to be wasteful. "Every village wanted to have the same dog kennel," jokes Klaus F. Zimmermann, president of the Berlin-based German Institute for Economic Research (known by its German acronym, DIW). East Germany today has a number of promising industries and state-of-the-art roads and railways, but it also has superfluous airports, oversized water-treatment plants and a collection of heavily subsidized industrial white elephants, all built at the taxpayers' expense. "Floodlit sheep meadows," grumbles Reiner Holznagel, managing director of the German Federation of Taxpayers...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...natural resources has been so thoroughly squelched in some industries that it may not fully recover any time soon. Francisco Blanch, head of commodities research for Merrill Lynch in London, says he doesn't expect overall demand will return to 2007 levels until 2011 at the earliest. "Over a number of years we will get back to supply constraints," says Blanch, but "it won't happen over the next six to 12 months...

Author: /time Magazine | Title: Commodities Conundrum | 5/18/2009 | See Source »

Star Trek was always a little bit closed emotionally. I never connected to the characters. The show I loved more than anything was The Twilight Zone. In every episode, Rod Serling would introduce you to any number of characters, often broken people who are struggling in some weird...

Author: /time Magazine | Title: 10 Questions for J.J. Abrams | 5/18/2009 | See Source »

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