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...willing to predict when a bottom might be reached. Even if the U.S. Congress passes a bailout, that could be just the beginning of what looks to be a long and painful economic unwinding for Asia. That's because exports to the U.S. are crucial for economic growth in many Asian countries. A bailout "does not address the decimation of the wealth effect of the U.S. consumer," says Kirby Daley, senior strategist at Newedge Group, a financial services firm based in Hong Kong. Nor can a bailout replace all the liquidity that has evaporated from global financial markets, which made...

Author: /time Magazine | Title: Asian Markets Tremble But Hold Up | 9/30/2008 | See Source »

...harbor or shoreline in the country, and you'll find derelict and abandoned vessels," says Doug Helton, acting director of the National Oceanic and Atmospheric Administration (NOAA) Marine Debris Program. NOAA data suggest there are at least 10,000 abandoned ships and obstructions peppering the U.S. coast, but experts predict there are far more. Helton says 3,000 to 4,000 abandoned vessels were scattered around the coast in the wake of Hurricane Katrina in 2005 alone...

Author: /time Magazine | Title: America's Underwater Junkyard | 9/30/2008 | See Source »

...first place, or even to sense it was coming. As a guardian of the American economy in one of the highest offices in the nation, he has failed at his post. Some might argue that the economic factors leading to this crisis are difficult to control or predict, but that is not the case. President Bush admitted in his September 24 address to the nation that “most economists agree that the problems we are witnessing today developed over a long period of time.” Last week, Dean of Harvard Business School Jay O. Light called...

Author: By Nafees A. Syed | Title: Hank Paulson: CEO of America | 9/29/2008 | See Source »

...into the ice and fishing out samples--ice cores--that contain tiny bubbles of that ancient air can reveal the temperature, the concentration of greenhouse gases, even the ambient dust from the year that layer was formed. It's like tree rings but for climatic history. "In order to predict the future, we have to understand the past," says Minik Rosing, a geologist at the University of Copenhagen...

Author: /time Magazine | Title: Unfrozen Tundra | 9/25/2008 | See Source »

...We’re all just making assumptions about these tests. We’ve all grown up with it. It’s embedded in the culture. If you really ask around the country, how many admissions officers can tell you at their institution what the predictive validity of the test is? What does it add to our understanding? What do tests help you predict? You’d find a lot of them equate these tests with intelligence. It’s not an intelligence test.”It is certainly refreshing to see leading figures...

Author: By The Crimson Staff | Title: UnSAT | 9/24/2008 | See Source »

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