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...number of risks remain for the nation's largest banks, any one of which could derail the recent rally. Not only will banks' earnings probably be down in the first quarter, Treasury Secretary Timothy Geithner's plan to rid the banks of their troubled loans suggests there could be billions more in losses as banks offload these loans in the quarters ahead. What's more, a number of banks have yet to deal with a requirement to recapitalize their large trove of off-balance sheet assets, which will put further strain on banks already strapped for cash...

Author: /time Magazine | Title: Tempted to Buy Bank Stocks? Better Think Twice | 4/3/2009 | See Source »

...with my hips until he and all his friends from Crotchety Incorporated moved it down. The racket had lost some of its heat by the time Ezekiel sat. I was busy looking for the best place to vomit, to vomit for no other reason than to get rid of something I felt but didn’t really know—impatience? Was that impatience sloshing around in me? Yes, I felt a throw up coming on, but then something stabbed me. In the leg.Was Old Man Grumpy jabbing me in the thigh? When I looked down I saw nothing...

Author: By Nathan D. Johnson, CONTRIBUTING WRITER | Title: FEATURED FICTION | 4/2/2009 | See Source »

Accept Pain and Sadness Being optimistic doesn't mean shutting out sad or painful emotions. As a clinical psychologist, Martin Seligman, who runs the Positive Psychology Center at the University of Pennsylvania, says he used to feel proud whenever he helped depressed patients rid themselves of sadness, anxiety or anger. "I thought I would get a happy person," he says. "But I never did. What I got was an empty person." That's what prompted him to launch the field of positive psychology, with a groundbreaking address to the American Psychological Association in 1998. Instead of focusing only on righting...

Author: /time Magazine | Title: A Primer for Pessimists | 3/26/2009 | See Source »

...some finance experts argue that the real answer to problems with ratings agencies is to get rid of the notion that an NRSRO sign-off is the gold standard. To literally delete it from regulations. In other words, to make finance firms and investment vehicles justify - either through their own due diligence or ratings they themselves have paid for - why their holdings meet regulatory requirements...

Author: /time Magazine | Title: How to Fix the Credit-Ratings Agencies | 3/23/2009 | See Source »

...Arab groups. Awad, who is originally from Israel's northern Galilee region, was criticized by Arab-Israeli cultural figures for agreeing to sing on Israel's behalf at the height of its offensive in Gaza. The usually dovish Noa, meanwhile, came under fire for calling upon Gazans to rid their coastal territory of Hamas control. "I understood the feeling behind these critics, but there was no way I would step down," says Awad. "Eurovision is a chance for me as a Palestinian citizen of Israel to be a part of the destiny of this country, and I was not about...

Author: /time Magazine | Title: Eurovision: The Answer for Peace in the Middle East? | 3/17/2009 | See Source »

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