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Afterward, the papers were removed and the 40 volunteers were asked to recall, orally, the place names and the names of the people coming to the party. The doodlers creamed the nondoodlers: those who doodled during the tape recalled 7.5 pieces of information (out of 16 total) on average, 29% more than the average of 5.8 recalled by the control group. (See pictures of a diverse group of American teens...

Author: /time Magazine | Title: Study: Doodling Helps You Pay Attention | 2/26/2009 | See Source »

...dollar. And that might be generous. A top bond trader who looked at Jupiter for TIME said that on the basis of where loan defaults are headed and the loans Jupiter holds, even the best part of the bond could be worth as little as 5˘. A near total loss...

Author: /time Magazine | Title: One Bad Bond | 2/26/2009 | See Source »

...viewing, which was open to the public, "it gives ordinary people the experience of what it might be like to actually own works of this quality." Perhaps the greatest and last gesture of good taste came from Bergé, who announced that proceeds from the three-day sale--$484 million total--would be donated to charity...

Author: /time Magazine | Title: The Moment | 2/26/2009 | See Source »

...exacting the tests will be, and to be honest, nobody knows for sure how exacting they should be. Judged by liquidation value--what they could get for selling their assets on the open market today--most major banks in the U.S. are probably insolvent and due for a total government takeover. But that isn't the standard banks are judged by. In a panic, markets for certain assets simply stop functioning, and relying on the market to determine the health of banks means succumbing to panic. Then again, relying on bank execs to price their assets is no good either...

Author: /time Magazine | Title: Nationalizing Banks: What's All the Fuss? | 2/26/2009 | See Source »

...dollars?" Sharif asked in reference to allegations that Zardari salted away the spoils of power during the two times his late wife was in office. "The Pakistani people's money has not been returned." Zardari was twice imprisoned on corruption charges by Sharif's governments and has spent a total of 11½ years behind bars. He has always denied the charges and received amnesty for them from Musharraf before Bhutto's ill-fated return to Pakistan...

Author: /time Magazine | Title: Ruling Throws Pakistan into New Political Turmoil | 2/25/2009 | See Source »

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