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...economies across the world as much as $3 trillion dollars. In the process, as many as a million people were supposed to die. The forecasts for what the flu might have done to damage an already weak global economy shows many of the weaknesses of the of the press, world health monitoring agencies, and economists. The worst case about something is often by far and away the least probable case. Implying that the worst case is the probable case tests the public's belief in anything other than what they can see with their own eyes or hear with their...

Author: /time Magazine | Title: Preparing Businesses for the Flu Epidemic: A Waste of Time? | 5/7/2009 | See Source »

...firms. In the fury of activity to prepare the findings and present them so that Wall St would not panic, the process of safe guarding the data was neglected. If several of the banks were found to be insolvent, the issue of the public discovering the findings in the press was probably not a priority. Government officials should have assumed that the confidentiality of the data was safe. How would the press ever get its hands on such sensitive information? The same way that it has gotten other classified information - obsessive digging and good contracts inside the Administration. (See pictures...

Author: /time Magazine | Title: The Curtain Comes Down on Bank Stress Tests | 5/7/2009 | See Source »

There is always hope for more bad news and battles between the government and large banks that would bring the issues back to the front pages of the press. The losses from credit cards, commercial real estate, corporate loans, and derivatives may be substantially greater than the government could have ever imagined. Banks could face hundreds of billions of dollars in additional write-offs. The government and bankers did not see the crisis that is just passing coming. They almost certainly won't see the next...

Author: /time Magazine | Title: The Curtain Comes Down on Bank Stress Tests | 5/7/2009 | See Source »

...debt, actually. 12. FM: How has the response been to “Love the Future”?: Max: Great—people bought it and told us it was good. D.A.: The Boston Globe gave it an amazing review, just like the Associated Press. People Magazine gave it 3.5/4 stars, and without any radio play we’re the number 3 top album on iTunes, and the number 12 album on iTunes this morning overall. So it’s been great. Just the past year—touring or whatever—we?...

Author: By Kevin Lin, CRIMSON STAFF WRITER | Title: 15 Questions with Chester French | 5/7/2009 | See Source »

When Dick Cheney commented last month that the Obama administration’s policies were making Americans less safe, Robert Gibbs, Obama’s press secretary, responded with the following comment: “Well, I guess Rush Limbaugh was busy, so they trotted out the next-most-popular member of the Republican cabal...

Author: By Peter M. Bozzo | Title: The Permanent Campaign | 5/7/2009 | See Source »

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