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...just so afraid to say this whole system is bankrupt and the whole thing should just be reorganized?" someone from the audience asked after Gramm finished his lecture. "Why don't you just...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...idea, but was soon won over to Washington's pro-housing consensus. During his 1990 U.S. Senate campaign, he said, polls revealed that 82% of Texas homeowners supported him over his Democratic opponent. After that, "You didn't have to convince me that homeownership was a good thing," he joked. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...human stem cells, extracted and grown from embryos, will be transplanted into patients. Adult stem cells, which are present in many types of tissue, have been used in treatments for years - the most common being bone-marrow transplants in cancer care - but an embryonic study is a whole new thing. There's a good reason it's being greeted with so much excitement. (See the top 10 medical breakthroughs...

Author: /time Magazine | Title: Cautious Optimism for the First Stem-Cell Human Trial | 1/24/2009 | See Source »

...uncomfortable in the confines of a regular job and preferred self-employment.“I’m psychologically incapable of working for anybody else anymore,” O’Brien said. “I have a tendency now to be overcritical of things, find ways of doing things better, ways of analyzing things down to the point where people get pissed off at me and tell me to screw.”FIGHTING THE POWERIn June 2006, O’Brien started a book stand with his friend Gary Kibler. Shortly thereafter, Kibler was arrested...

Author: By Michelle L. Quach and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Book Stand To Close by April | 1/24/2009 | See Source »

...Funny thing is, CRE and Ossie did trade in currencies - they were just lousy at it. SEC documents show that in June 2008, CRE shifted $12 million from its Atlanta fund to Deutsche Bank in London. In short order, it lost $8 million in European currency trading. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

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