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...very cognizant of it," one source familiar with Fed's thinking on the matter told TIME this week. "We don't think we're there yet, but we're very aware of the possibility." So is Wall Street. At Merrill Lynch, chief investment strategist Richard Bernstein issued a report within hours of Barack Obama's election, listing three developments for investors to monitor closely: fiscal stimulus, taxes and deflation. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The Rising Threat of Deflation | 11/6/2008 | See Source »

...Lowdown: The report, published in the International Journal of Social Psychiatry, uses relatively simple language easily digested by anyone with an amateur interest in psychology (or who ever completed a high school science report). Although Skodlar, Dernovsek and Kocmur shy away from pinpointing the exact causes behind their observations - admitting that their research was hindered by a small sample size, the need to rely on second-hand interpretations of patients' problems, and the fact that the medical community's knowledge of schizophrenia has changed over the past century - their observations are enough to give us pause. While the underlying causes...

Author: /time Magazine | Title: The Evolution of Insanity | 11/6/2008 | See Source »

...seen, change means different things to different people. But it might augur something particularly unfortunate for Jon Stewart and Steven Colbert, the anchors of Comedy Central’s two immensely popular fake news shows, “The Daily Show” and “The Colbert Report...

Author: By Daniel E. Herz-roiphe | Title: The End of an Era | 11/6/2008 | See Source »

...With its new assessment system, New Hampshire is adopting a key recommendation of a blue-ribbon panel called the New Commission on Skills of the American Workforce. In 2006, the group issued a report called Tough Choices or Tough Times , a blueprint for how it believes the U.S. must dramatically overhaul education policies in order to maintain a globally competitive economy. "Forty years ago, the United States had the best educated workforce in the world," says William Brock, one of the commission's chairs and a former U.S. Secretary of Labor. "Now we're No. 10 and falling...

Author: /time Magazine | Title: Should Kids Be Able to Graduate After 10th Grade? | 11/6/2008 | See Source »

...Some reform advocates would like to see the report's testing proposals replace current No Child Left Behind legislation. "It makes accountability much more meaningful by stressing critical thinking and true mastery," says Tracy. (See pictures of eighth-graders being recruited for college basketball...

Author: /time Magazine | Title: Should Kids Be Able to Graduate After 10th Grade? | 11/6/2008 | See Source »

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