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...Treasury for the extra capital that might be needed as problem banks fail. No matter what the agency says about its list, the actual figure for problem banks is much too low. The FDIC can claim that it historically accurate measurements, but most financial history is useless at this point. Even well-known economists grasp for examples of periods that are comparable to current conditions...

Author: /time Magazine | Title: The FDIC's Bank Leper List | 2/27/2009 | See Source »

...about liability claims led manufacturers to voluntarily supplement these labels with alerts on products that were made in the same facility or on the same machinery as food containing any of the eight allergens. The result is ubiquitous warnings about possible cross-contamination, which have made the labels essentially useless...

Author: /time Magazine | Title: Why We're Going Nuts Over Nut Allergies | 2/26/2009 | See Source »

...evolved a shape like a bobble-head doll, and it covers the head portion with proteins it can easily change or do without. The vaccine targets these ever changing spots, and by the time the next season comes around, the change has been so great that the vaccine is useless. (Read "How Long Does Flu Immunity Last...

Author: /time Magazine | Title: Getting Closer to a Flu Supervaccine | 2/23/2009 | See Source »

...Making the vote tabulation public would also invigorate the weeks before the Oscar show. So-called experts give odds on the nominees in top categories, but the knowledge that only the winner will be revealed renders that exercise useless; now it'd mean something. And all those office Oscar pools could promote, in addition to the winners, any number of beguiling side bets. Who can pick the top five in the most categories - in order? How many votes will separate Sean Penn from Mickey Rourke? Does The Curious Case of Benjamin Button, seemingly left in the dust by Slumdog Millionaire...

Author: /time Magazine | Title: How to Fix the Oscars: Make the Votes Public | 2/22/2009 | See Source »

...increasingly democratized media, however, the “Great Firewall of China,” as bloggers and analysts have baptized the government’s grip on the Internet, is becoming increasingly useless. In and out of China, pictures and live video feeds from cell phones were swiftly circulated, as well as Twitter updates and Google Maps photos. They even made it to the Huffington Post, where people worldwide speculated as to how the government would try to control it—the media, not the fire...

Author: By Pierpaolo Barbieri | Title: FIRE, FIRE! | 2/20/2009 | See Source »

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