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...Robert Wood, chief of the Pediatric Allergy and Immunology department at Johns Hopkins Children's Center, cautions against putting too much stock in such epidemiological studies. "The reality is that the vast majority of kids - 95% plus - have no potential to get peanut allergies no matter what you do," he says, "and there's ½ % to 1% who are going to get it no matter what you do." Although the findings of the U.K.-Israel study are intriguing, he says, they apply to a very small percentage of children, and more research needs to be done to determine the true...

Author: /time Magazine | Title: Have Americans Gone Nuts Over Nut Allergies? | 1/4/2009 | See Source »

...true that the Great Depression of the 1930s was a crisis of liquidity. Stocks plunged, banks went under, and the value of assets disintegrated. Our current policies would have been appropriate in the Great Depression, but they are not appropriate now. Liquidity problems are not the source of our current financial and economic woes. Incredibly, excess reserves of depository institutions have increased from under $2 billion in August to a record $774 billion in mid-December, according to the Federal Reserve's Dec. 18 release. But the banks have not taken advantage of this liquidity to increase their lending...

Author: /time Magazine | Title: Fighting the Last Depression: The Fed's Policy Errors | 12/30/2008 | See Source »

...pictures of the stock market crash...

Author: /time Magazine | Title: Madoff's Victims: Finding Meaning in the Devastation | 12/30/2008 | See Source »

...subprime variety. Result: GMAC has lost $8 billion over the past two years. Cerberus will distribute shares to its investors, thereby reducing its voting stake to 14.9% and its overall equity stake to 33%. GM will transfer some of its shares to a trust, which will sell off the stock over the next three years...

Author: /time Magazine | Title: What Uncle Sam Gave Detroit For Christmas | 12/26/2008 | See Source »

...pictures of the stock market crash...

Author: /time Magazine | Title: Is There Really a Credit Crunch? | 12/24/2008 | See Source »

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