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...government does something materially different from what its competitors in the private sector do. If bank owned by the government offers business loans at 3% interest, what does a foreign-based public bank like DeutscheBank do to match that? A government-owned bank can be driven, at least short-term, by policy and not profits. That puts financial firms in the private sector in peril whenever they try to compete. The relationship between a national U.S. bank and private banks both inside and outside the U.S. causes a series of inequities within the system...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...boost the bottom line down the road. "It's a slippery slope," says David Carter, executive director of the Sports Business Institute at the University of Southern California. "If the consumer lowers the threshold, it's harder to get back to the true market price. It's a decent short-term strategy that can wreak havoc in the long term." International Speedway, for one, insists the deals will stick around for some time. "We're doing a price-resetting," says chief marketing officer Daryl Wolfe. "We're not talking about a quick-and-dirty discount...

Author: /time Magazine | Title: Daytona Drag: NASCAR Tries to Outrace the Recession | 2/12/2009 | See Source »

...likely to go on the blink. "There are very real changes that occur in the body very rapidly that might explain the clarity during fasting," says Dr. Catherine Gordon, an endocrinologist at Children's Hospital in Boston. "The brain is in a different state even during a short-term fast." Biologically, that's not good, but the light-headed sense of peace, albeit brief, that comes with it reinforces the fast and rewards you for engaging in it all the same. (See pictures of the end of Ramadan...

Author: /time Magazine | Title: The Biology of Belief | 2/12/2009 | See Source »

...dormant, awaiting funding. Harvard chief lobbyist Kevin Casey said both the Senate and the House had done “an exemplary job” of writing legislation that creates jobs and transforms the economy by emphasizing innovation and education. He noted that the NIH funding would provide short-term boosts to the economy since the stimulus is designed for a two-year period. “[There is] pent up scientific demand for increased funding, and there’s the capacity to deliver quickly on quality research,” Casey said, adding that the Human Genome Project...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Senate Stimulus Would Up NIH Funding | 2/11/2009 | See Source »

...moving again." However, Sanford and other conservative governors, like Louisiana's Bobby Jindal, Mississippi's Haley Barbour and Alaska's Sarah Palin - all of whom signed a statement last week against Obama's plan - fear that the moderates are selling out the GOP in the long run for a short-term spending orgy. They also object to what even moderate Republicans worry are cumbersome strings attached to the federal largesse. "I will oppose any stimulus package that results in federal control over state-administered programs," said Barbour. Sanford, who on Monday night had to listen to Obama in his White...

Author: /time Magazine | Title: GOP Governors: Split over Obama's Stimulus Plan | 2/10/2009 | See Source »

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