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...after a collapse of the nation's real estate bubble. In 2007, it is the U.S. and its subprime mortgage borrowers causing the greatest disturbance in credit markets in a decade. At the root of the turmoil is aggressive lending to American home buyers who previously were unable to obtain credit. Financial engineers pooled these loans together and sold off pieces representing different presumed levels of risk. In the process, the nonbank financial institutions buying these "structured credit products" - hedge funds and other supposedly sophisticated players - replaced banks as the engines of credit creation in recent years. Unlike banks, however...

Author: /time Magazine | Title: Asia Rising | 9/13/2007 | See Source »

...parthenogenesis is easier to achieve than nuclear transfer - about 20% of the time, eggs can be stimulated to divide on their own, compared to a 3%-5% development rate for nuclear transfer embryos - parthenogenesis still requires a steady supply of good quality human eggs. These are notoriously difficult to obtain, so the technique won't likely revolutionize medicine yet. But, suggests Daley, it could be used to help alleviate the organ-donation shortage in the U.S.: parthenogenetically created transplant tissues and organs can be banked and later matched on major immune markers to many different patients. It's not quite...

Author: /time Magazine | Title: Korean Cloner Redeemed... Sort Of | 8/2/2007 | See Source »

...children, and growing rich as an enforcer for Spain's occupiers. He is, in his way, also a perfect modernist, blowing blandly and prosperously with the winds of change. As long as there is power and status to be had, he does not care who he must serve to obtain those boons. By analogy, Goya's Ghosts has much to say, largely through this character, about such current issues as torture, terror and the fact that some people can profit hugely by making up ideological justifications for the anarchy they loose upon the world. If you find yourself thinking about...

Author: /time Magazine | Title: The Passion of Goya's Ghosts | 7/20/2007 | See Source »

...with post-traumatic stress disorder and oversaw a backlog of claims that has swelled to nearly 400,000. On Capitol Hill, during a House veterans' affairs committee hearing in May, he was forced to respond to stories of veterans who had died from a medication overdose or failure to obtain services. "If the VA was the Titanic, he drove straight into an iceberg," said Paul Sullivan of Veterans for Common Sense...

Author: /time Magazine | Title: Who Will Run Veterans Affairs? | 7/18/2007 | See Source »

...teens are identified as aged 12-17, young adults are between the ages of 18 and 30, and older adults those 31 and older. A national survey asked 1800 Americans various questions about where they get there news, what kind of news it is, and how they obtain...

Author: By Malcom A. Glenn, CRIMSON STAFF WRITER | Title: New Report Shows Declines in News Consumption | 7/13/2007 | See Source »

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