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To understand why nationalization may be inevitable, you have to get a handle on the true source of the banks' problems. The banking business - at least the way George Bailey practiced it in It's a Wonderful Life - was all about deposits and loans. You take in deposits, on which...

Author: /time Magazine | Title: Why Your Bank Is Broke | 1/31/2009 | See Source »

License violations forced popular restaurant and café Z Square Cambridge to close earlier this month, and due to financial difficulties, new ownership will not reopen the location, a consultant for the restaurant said yesterday. New management, brought in last October after investors ousted former owner David A. Zebny '84...

Author: By Vidya B. Viswanathan, CRIMSON STAFF WRITER | Title: Z Square Café Shuts Its Doors | 1/30/2009 | See Source »

Even if iPS cells do not prove as stable and as versatile as embryonic stem cells when they're transplanted into patients, they remain a powerful research tool. And if nothing else, they will have opened our eyes to the remarkable plasticity of biology and made possible new ways of...

Author: /time Magazine | Title: Stem-Cell Research: The Quest Resumes | 1/29/2009 | See Source »

That Slumdog should get anywhere near an Oscar is--like the crazy-wonderful plot twists in a Bollywood musical--both improbable and inevitable. India provided the backdrop for two Oscar-favored dramas of the '80s: Richard Attenborough's Gandhi (11 nominations and eight wins, including Best Picture, beating E.T.) and...

Author: /time Magazine | Title: From Slumdog to Top Dog | 1/29/2009 | See Source »

Meanwhile, though, families--middle-class families, not just rich ones--are passing hundreds of thousands of dollars on to the next generation in their wills. Fair enough, if they worked for the money and saved it. In fact, wonderful. But much of this generosity, it turns out, is made possible...

Author: /time Magazine | Title: Entitlement Myths | 1/29/2009 | See Source »

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