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...banks have lost so much capital that their inclination is to hoard capital. It's going to be very hard to get it out the other end. That happened in 1932. By 1932, the Fed finally realized it had to do something, and there was a very large open-market operation - basically, buying bonds - and recapitalization of the banking system, and that stopped the run on the banks temporarily, but credit continued to decline...

Author: /time Magazine | Title: Q&A: Lessons from the Great Depression | 1/6/2009 | See Source »

Says Farah: "When my colleagues and I called for a more open mind and rational debate on cognitive enhancement, we were not saying, 'Yeah, let's everybody take these [controlled] substances.' What we are saying is that these drugs are being used and it's very important for physicians to talk to their patients and give them the information and supervision they deserve and for more research to be done...

Author: /time Magazine | Title: Popping Smart Pills: The Case for Cognitive Enhancement | 1/6/2009 | See Source »

...acceptable “resistance” to the “occupation” of Gaza, almost 2,000 of these rockets were fired in the period between Israel’s complete withdrawal from the territory and Hamas’ takeover. There was no blockade, relatively open borders, and no checkpoints or settlements, and still 2,000 missiles fell on Israeli civilians...

Author: By Shai D. Bronshtein | Title: DISSENT: A Justifiable Response | 1/6/2009 | See Source »

...fired upon. We will apply disproportionate force upon it and cause great damage and destruction there… From our standpoint, these are not civilian villages, they are military bases. This is not a recommendation. This is a plan. And it has been approved.” Such an open admission of the intent to inflict maximum damage, no matter the severity of the initial threat, wholly invalidates the popular claim that Israel is targeting only Hamas. According to Eisenkot, anyone within these “civilian villages” becomes a justifiable military target, including young children. Collective punishment...

Author: By Nadia O. Gaber | Title: Far from Self-Defense | 1/6/2009 | See Source »

...Rush calling the Senate the "last bastion of plantation politics." After initially dismissing the appointment out of hand, Dems have been put on the defensive, and they are now quick to say that if Burris were to be appointed by Lieut. Governor Pat Quinn, they would accept Burris with open arms. "This is a lose-lose situation for Reid and the Democrats," says Mark J. Rozell, a political science professor at George Mason University in Virginia. "They can either look like they are accepting the choice of a corrupt governor who tried to sell the seat or they can look...

Author: /time Magazine | Title: Burris Denied His Seat as the Senate Drama Continues | 1/6/2009 | See Source »

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