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...more macro way, Goldman and Morgan Stanley in particular were facing the equivalent of a bank run in September 2008, as fear-stricken hedge funds for which they were prime brokers pulled out their assets. The firms would have been toast if the government hadn't allowed them to become bank holding companies overnight, giving them access to almost unlimited funds that the Federal Reserve makes available to banks...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...Essentially, we’re talking about two third party companies that are not really meeting eye to eye on what the nature of their particular service is,” Selsby said. “So it's kind of ironic, but the same thing that Gmail did to @College, SpamHouse [one of the Spam-filtering sites in question] did to Gmail...

Author: By Xi Yu | Title: All Spammed Out | 10/29/2009 | See Source »

...been about much more than high school. It's about life in a struggling town where the recession is biting hard, kids grow up early and people rely on faith and football to get by. Also, much more than most high school dramas, it's about the adults - in particular Taylor and his wife Tami (Connie Britton), Dillon's principal...

Author: /time Magazine | Title: Friday Night Lights: Back from the Brink | 10/28/2009 | See Source »

...Facebook's attempt to clearly state its policy is prudent, as other social-networking sites have struggled with the question of users' deaths. MySpace in particular has had a difficult time with digital rubbernecking - during the site's heyday, a handful of well-trafficked blogs specialized in matching MySpace profiles directly to obituaries and posting the pairings online for all to see. By sealing profiles to family and friends and removing profiles from search results, Facebook assuages users' fears that they'll be fodder for online voyeurs in the event of their untimely demise - hopefully putting the issue to rest...

Author: /time Magazine | Title: What Happens to Your Facebook After You Die? | 10/28/2009 | See Source »

...everyone in the world has been happy to greet Ronald McDonald when he moves to town. Many see the corporate juggernaut as a symbol of American economic and cultural chauvinism, and European nations in particular have viewed American-style fast food as an insult to their cherished national cuisines. Bermuda banned all fast-food restaurants to squelch a McDonald's planned for the island. A French farmer, Jose Bove, became something of a national hero in 1999 after he and a band of activists destroyed a McDonald's under construction to protest globalization and "bad food." The next year...

Author: /time Magazine | Title: McDonald's Abroad | 10/28/2009 | See Source »

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