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...question is, Would that be a good thing? Many outside observers have argued that the financial system needs shock treatment, in which the government takes over more banks and forces the entire banking system to flush bad assets from its books. If you priced all bank assets at current market values, the banking system would be insolvent, the reasoning goes, so make them take the hit and then press restart. Those with actual banking experience, though, tend to be dubious about market pricing and counsel patience. "The banks have a lot of practice at working out troubled assets, and most...

Author: /time Magazine | Title: Hooray for Boring Banks | 4/23/2009 | See Source »

...course, there were cult movies, and Ballard became best known for those: Steven Spielberg's WW II epic Empire of the Sun and David Cronenberg's adaptation of Crash, the 1996 shock flick that caused a stunned moral panic in Britain 23 years after Ballard's novel was published...

Author: /time Magazine | Title: J.G. Ballard | 4/23/2009 | See Source »

...With all three seniors included in the doubles lineup for their final game for the Crimson—and Dartmouth buoyed by its shock doubles point against Brown in its previous match—the stage was set for a competitive encounter...

Author: By Allen J. Padua, CRIMSON STAFF WRITER | Title: Crimson Finishes Year on High Note | 4/23/2009 | See Source »

...policies: he was implying a new set of national values. "There's also an impatience that characterizes [Washington]," he said, "that insists on instant gratification in the form of immediate results or higher poll numbers. When a crisis hits, there is all too often a lurch from shock to trance, with everyone responding to the tempest of the moment until the furor has died down ... instead of confronting major challenges that will shape our future in a sustained and focused way." (See a special report on Obama's first 100 days...

Author: /time Magazine | Title: Joe Klein on the President's Impressive Performance Thus Far | 4/23/2009 | See Source »

...Witt, things moved quickly after football. “I quit on like a Monday or a Tuesday,” he recalls. That Wednesday, he tried out for common casting and won a role. The shock of the abrupt shift from the gridiron to the stage was not lost on Witt: “If I were to say here at Harvard, ‘Oh, I’m in a play this semester,’ people would say, ‘Whoa, that’s fantastic, that’s so cool...

Author: By Mark J. Chiusano and Hyung W. Kim, CRIMSON STAFF WRITERS | Title: Leaving the Locker Room | 4/22/2009 | See Source »

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