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...model for nationalizations could prove valuable in the months ahead. The government is in the process of stress-testing the nation's largest banks as part of Treasury Secretary Timothy Geithner's plan to fix the ailing banking sector. And many think the outcome of those tests could lead to more takeovers. So far, Geithner and other officials have denied they are interested in running banks. But in the past few weeks, a number of prominent Republicans and fiscal conservatives, most notably former Federal Reserve chairman Alan Greenspan and Senator Lindsey Graham, have joined those who think the government should...

Author: /time Magazine | Title: Nationalized Banks: Why They Might Work | 3/6/2009 | See Source »

...they seem. Banking analysts suggest that talk of a sovereign default is overblown, and say not all banks are struggling to pay out. Even more promisingly, Yushchenko and Tymoshenko announced a truce at the end of last week and sent a revised anti-crisis plan to the IMF in the hope of securing further funds...

Author: /time Magazine | Title: Political Fights Sour Ukraine Economy | 3/6/2009 | See Source »

...have with drug companies. Last summer, the Pharmaceutical Research and Manufacturers Association prohibited salespeople from treating doctors to meals and golf excursions and even banned the ubiquitous company-branded pens, mugs and notepads that clutter waiting rooms and reception desks. Just this week, federal officials revealed a newly aggressive plan to begin pursuing civil and criminal charges against doctors who accept kickbacks or demand speaking or consulting fees for prescribing drugs or medical devices...

Author: /time Magazine | Title: Is Drug-Company Money Tainting Medical Education? | 3/6/2009 | See Source »

Only a few years ago, former University President Lawrence H. Summers told alumni in Washington that Harvard could soon resemble Renaissance Florence. The key, he said, would be development of the life sciences. But an unprecedented financial downturn has forced the University to reexamine its ambitious plans in recent months. Far-flung optimism has given way to greater fiscal pragmatism, and that has meant trade-offs, even in the life sciences. “When life sciences research at Harvard was expanding, and money was plentiful, one could say that Harvard could have it all—vibrant basic research...

Author: By Esther I. Yi and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Life Science Conflict Grows from Stem Cells | 3/6/2009 | See Source »

...good document, [but] we may have to use a 2-by-4 on a couple of folks." - On resistance to the newly unveiled "National Response Plan," the government's 426-page manual introduced after Hurricane Katrina...

Author: /time Magazine | Title: FEMA Chief W. Craig Fugate | 3/6/2009 | See Source »

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