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...investment banking as the driver of Morgan Stanley's profits. In June, he completed the purchase of a majority stake in Salomon Smith Barney's brokerage division, instantly turning Morgan Stanley, once an élite white-shoe institution, into the largest brokerage house in America. (See TIME's special report "The Financial Crisis After One Year...

Author: /time Magazine | Title: How the Financial Crisis Reshaped Morgan Stanley | 9/22/2009 | See Source »

...aware of it until it's too late - just as it took doctors decades to connect cigarette-smoking with lung cancer. "We all wish we'd heeded the early warnings about cigarettes," says Olga Naidenko, a senior scientist at EWG and the author of the recent report on cell phones. "We think cell phones are similar...

Author: /time Magazine | Title: Cell-Phone Radiation Risks: Why the Jury's Still Out | 9/22/2009 | See Source »

That theory is far from certain. While it's clear that humans absorb weak radiation through handsets (the EWG report noted the particular vulnerability of children, whose skulls, according to a French study, absorb twice as much cell-phone radiation as those of adults), what's not clear is whether that radiation causes harm. Scientists are waiting for the publication of a $30 million, 14,000-person international study called Interphone, which is meant to nail down the answer once and for all. But the study ended in 2006 and its authors are still squabbling over the interpretation of their...

Author: /time Magazine | Title: Cell-Phone Radiation Risks: Why the Jury's Still Out | 9/22/2009 | See Source »

...last fall, Fitzsimmons affirmed Harvard’s desire to bring in “students from all regions of Asia.” These recruiting trips have grown increasingly important as universities in Asia continue to draw more students from the region with scholarships and improving facilities. A report released by the United Nations Educational, Scientific and Cultural Organization in July showed that East Asia and the Pacific have become home to more and more of the world’s university students over the past decades. In 1970, the region claimed 14 percent of students, while almost half...

Author: By Julie M. Zauzmer, CONTRIBUTING WRITER | Title: Asian Schools Draw More Locals | 9/22/2009 | See Source »

...When did reporters decide that they are CIA operatives? Certainly, undercover and investigative journalism has a long history, but generally such people have assumed all risks for themselves and themselves alone. Farrell, by shunning a military escort, made himself into a liability for NATO as well as for The New York Times, which did not report on the situation for fear of Taliban reprisal against its hostages. The Allied forces became responsible for rescuing Farrell from a situation into which he should have never put himself, much less put the life of his co-worker Munadi, a married man with...

Author: By Anna E. Boch | Title: Reckless Reporting is Inexcusable | 9/22/2009 | See Source »

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