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...popping Goldman profits also create a policy problem for lawmakers, including the President, as they try to reform the financial system to ensure that history does not repeat itself. At issue is not just the safeguards that traders are using to ensure that another crisis of confidence doesn't occur, but whether traders on Wall Street are taking advantage of the public backstop against systemic failure to create personal profits. "We want financial systems to be healthy," says Robert Gibbs, the White House press secretary. But, he adds, "the President continues to have concerns that compensation will be based...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

...should a First Lady dress during a bad recession? Well, I think she's exactly doing it. I think she's not being extravagant. She's the first First Lady I can remember who repeats clothing. She wears high and low. She wears H&M and she wears middle J. Crew. She wears high-end designers. But she certainly mixes it up. I've never seen a First Lady repeat before...

Author: /time Magazine | Title: Michelle Obama's Fashion Statement | 7/16/2009 | See Source »

...figure out why, psychologists at Britain's Keele University recruited 64 college students and asked them to stick their hands in a bucket of ice water and endure the pain for several minutes. One group was allowed to repeat a curse word of their choice continuously while their hands were in the water; another group was asked to repeat a non-expletive control word, such as that which might be used to describe a table. The result was that swearing not only allowed students to withstand the discomfort longer, but also reduced their perception of pain intensity. Curse words...

Author: /time Magazine | Title: Bleep! My Finger! Why Swearing Helps Ease Pain | 7/16/2009 | See Source »

...plants running, as they look at the bigger picture. An April poll by the Forsa Institute showed that 57% of all Germans consider atomic energy "dangerous or very dangerous." Of those aged 18 to 29, only 49% are worried about the safety of nuclear energy. Fears of a Chernobyl repeat have long dominated the nuclear debate in Germany, but Kemfert says the generation that has no memories of that infamous accident sees things differently. "Young people right now are pragmatic," she says, "and they are more worried about climate change than anything else...

Author: /time Magazine | Title: Nuclear-Power Debate Reignites in Germany | 7/9/2009 | See Source »

...Perhaps. But this time around, her motives don't ring as true. "In some ways, she is trying to repeat that feat," Persily says. "But there are some flaws in the argument. Under her thinking, every second-term governor or President was a misfit for staying in office because you can't run for re-election. That doesn't make sense." (See pictures of Bristol Palin and Levi Johnston...

Author: /time Magazine | Title: Why Sarah Palin Quit: The Five Best Explanations | 7/6/2009 | See Source »

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