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...Cash for Clunkers program or the homebuyers' tax credit is any guide, the number would be relatively high. Car-research firm Edmunds estimates that just 18% of the nearly 700,000 automobiles that were bought through the Cash for Clunkers program were a result of the stimulus. The rest, 82%, went to people who would have gotten new wheels anyway. The $8,000 homebuyer tax credit did a little better. In that instance, economists estimate that 33% of the 1.4 million people who collected the credit bought a home because of the government assistance. (See the worst business deals...

Author: /time Magazine | Title: Obama's Job-Creation Tax Credit: Will It Work? | 1/29/2010 | See Source »

Popular wisdom once held that a mind at rest was like an engine idling - not much going on under the hood. To glean insights into how the brain worked, scientists would study only volunteers in action, measuring their physiological or biochemical responses as they completed specific mental tasks. But more recently, thanks in large part to the proliferation of functional magnetic resonance imaging (fMRI), which precisely maps brain activity based on changes in blood-oxygen levels, neuroscientists have found that important activity in the brain - related in particular to memory and learning - may occur when it is at rest...

Author: /time Magazine | Title: Studies: An Idle Brain May Be Ripe for Learning | 1/29/2010 | See Source »

...learning; people who take a nap after learning a new task, for instance, remember it better than those who don't snooze. And now a small but compelling new study from the lab of New York University (NYU) cognitive neuroscientist Lila Davachi finds similar evidence that the brain at rest, even while remaining awake, is conducting meaningful activity. "Your brain is doing work for you even when you're resting," says Davachi, who just published a study in Neuron showing that certain kinds of brain activity actually increase during waking rest and are correlated with better memory consolidation. "Taking...

Author: /time Magazine | Title: Studies: An Idle Brain May Be Ripe for Learning | 1/29/2010 | See Source »

With the hot-and-cold Harvard hockey team, anything can happen for the rest of the year...

Author: By Jake I. Fisher, CRIMSON STAFF WRITER | Title: Hockey’s History Of Hot And Cold | 1/28/2010 | See Source »

...political aides were eager to adopt a more populist tone, urging Treasury to give them something they could use. The bank tax was already in the works, but after Volcker made his case at a White House meeting in October, the rest of the Administration started shifting his way. Giant firms like Goldman Sachs were raking in record profits, and financiers ranging from British central banker Mervyn King to former Citigroup chairman John Reed were endorsing the Volcker rule. (See the worst business deals...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

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