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...Bernanke suggest creating a huge "bad bank" to own the toxic asset that are on the balance sheets of America's largest financial companies. There is some precedent for that from the savings and loan catastrophe two decades...

Author: /time Magazine | Title: Banks: Losing $100 Billion In One Quarter | 1/14/2009 | See Source »

Makrides plans to continue following the 657 premature babies in the study for another seven years, periodically testing their mental function. "Studies suggest that girls and boys who are born prematurely are indeed different in brain development," she says. "They actually don't have equivalent scores until about seven years of age. We will continue to follow these children until they are seven and we will be able to work out whether the effects seen at 18 months persist, and whether they are permanent...

Author: /time Magazine | Title: Study: Fish Oil for Preemies May Boost Cognition | 1/13/2009 | See Source »

...candidates for the Iraqi National Accord, Iraq's second largest secular party after the Kurdish bloc, say they see a window of opportunity. As Iraq moves toward its first round of nationwide elections in nearly four years, a complex political map of new parties and fluid, cross-sectarian alliances suggest that the country may be slowly moving beyond the Shi'ite-Sunni divide that characterized the post-Saddam Hussein politics of previous years...

Author: /time Magazine | Title: In Iraqi Politics, the Sunni-Shi'ite Divide Recedes | 1/12/2009 | See Source »

...Numbers Game, Dilnot and his co-author, journalist Michael Blastland, suggest dividing government spending by the number of citizens and the number of weeks in a year. A $700 billion bailout thereby translates into $45 per week for each American man, woman and child. Going one step further, it comes out to $6 a day. Are you willing to pay $6 a day to have a functioning financial system...

Author: /time Magazine | Title: How to Understand a Trillion-Dollar Deficit | 1/11/2009 | See Source »

...partner who could deliver them peace; aside from being plagued by disunity, the Palestinians have been unwilling to modify their demands that Palestinian refugees be allowed to return to their ancient homes inside Israel, which Israel will never accept. With a general election looming in Israel - polls suggest that the hawkish Benjamin Netanyahu is likely to become the next Prime Minister - there is an opportunity to start talking again...

Author: /time Magazine | Title: Can Israel Survive Its Assault on Gaza? | 1/8/2009 | See Source »

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