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However, Hancké describes a scenario in which continued market doubts could drive the value of Greek bonds to junk status, confounding outside efforts to bail Athens out and forcing Greece to simply abandon the euro before it drags the currency down to nothing. "Once that happens, markets then turn successively on indebted countries like Spain, Portugal, Italy and Ireland until they're driven out as well," Hancké explains. "At that point, even if a core of countries continue using the euro after so many others have left, the currency will have lost it's main original function...

Author: /time Magazine | Title: Could the Euro's Days Be Numbered? | 2/19/2010 | See Source »

...direst possible scenario also tends to be the most sensationalistic one—and, again, sometimes this is a purposeful manipulation of the data. The commercialization of weather-forecasting agencies may be leading some meteorologists to intentionally gussy up their forecasts to be more exciting—therefore driving more traffic to their website. These trends are deplorable, and we blame both the weather companies and the overeager public for taking the neutrality out of yet another science...

Author: By The Crimson Staff | Title: Weather… Or Not | 2/17/2010 | See Source »

Fortunately, the other players refused to allow such egregious cheating go unanswered. Three other players decided to form a collective team, which they—coincidentally—dubbed the “Communist Team.” In their scenario, the three players pooled all of their money and properties together, openly and willingly paying for all of the debts owed as the three characters made it across the board. This seemed like a good counterweight, one large conglomeration responding to a pair of cold-hearted venture capitalists...

Author: By James L. Wu | Title: The Meaning Behind Monopoly | 2/17/2010 | See Source »

This is not a false scenario: on Feb. 5, 2010, the non-binding House Resolution 1077 was introduced, declaring Congress’s intention to “stand with the American people to reject severe changes to social security, including any and all attempts to privatize [it],” instead promising to “make common-sense adjustments… to strengthen it for future generations.” As well-intentioned as this sounds, it’s nothing more than a way to bait Republicans into publicly picking sides on Rep. Paul Ryan?...

Author: By Jack A. Holkeboer | Title: Less Talk, More Action | 2/16/2010 | See Source »

...survive until the crunch is over. Projects have been put on hold and credit is tight. Many are likely to lose their jobs, while budget cuts and tax hikes will further dampen the economy. "Everything is frozen," says financier Paul Papadopoulos. "It's a wait-and-see scenario." (See pictures of retailers which have gone out of business...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

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