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...will be months and probably years before the full scope of Cheney's power - where it started and stopped - will be fully understood. Many Bush critics have traced the biggest failures of the Bush presidency - like the obsession with weapons of mass destruction as a reason to invade Iraq - to the office of the Vice President. But Cheney leaves Washington as the most powerful Vice President in decades, perhaps ever...

Author: /time Magazine | Title: As Dick Cheney Prepares to Depart, His Mystery Lingers | 1/19/2009 | See Source »

Economists can be forgiven for being a little loopy these days. The scope and suddenness of the ongoing financial crisis have been a rude awakening for many. "No one expected the problems to run this wide and deep," says a Harvard Ph.D. in attendance. "It's chilling." That's why many of the more accessible jokes of the evening involve bashing U.S. Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, President Bush and just about everyone on Wall Street. "Italian Mafia are gangsters who make offers you can't refuse, whereas financial mafia are bankers who make you loans...

Author: /time Magazine | Title: Didja Hear the One About the Funny Economist? | 1/15/2009 | See Source »

...collapse of the equities market in which the bulk of those plans are invested, according to a new report from Mercer, a financial-consulting firm. Pension plans are also being hit on the other side of the balance sheet, as shrinking yields on Treasury bonds expand the scope of their pension fund liabilities. Taken together, the double dose of bad news means companies will have to pony up as much as $70 billion in pension contributions in 2009 - up from $10 billion in 2008 - a development that will surely crimp many companies' earnings. (Find out 10 things to do with...

Author: /time Magazine | Title: Pension Losses Could Whack 2009 Corporate Profits | 1/12/2009 | See Source »

...developments will further complicate matters for many companies struggling to survive in what is arguably the bleakest economic and financial crisis since the Depression. The true scope of the market's toll on pension plans will become apparent in the coming weeks, when companies release fourth-quarter and year-end earnings statements. In conference calls to investors and analysts, top corporate executives are likely to explain how they plan to handle the loss. Many will probably reduce sharply or even eliminate new benefits packages, cut wages and resort to more job cuts to recover the loss. It will also likely...

Author: /time Magazine | Title: Pension Losses Could Whack 2009 Corporate Profits | 1/12/2009 | See Source »

While some mosquito species mate at dusk, A. aegypti engages in daytime rendezvouses. A male flies into a swarm to scope out potential mates, chasing a few specimens (see one such chase here) and checking them out at a range of 1 to 2 cm. If the female has recently mated, she'll rebuff the male's advances, but once a love connection is made, the two will adjust their wing speeds: females typically beat their wings at about 400 Hz, or beats per second, and males flap at a frequency of about 600 Hz; however, when two potential mates...

Author: /time Magazine | Title: Mosquito Mating Song: Dengue Fever Duet | 1/9/2009 | See Source »

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