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...current Administration hasn't spared the Obama team from criticism over the recent bonus payouts. The main target for the opprobrium is Geithner. He still enjoys the confidence of U.S. allies abroad and understands the deeply complicated world of global finance far better than the lawmakers who may soon write new legislation to regulate it. But he has not been a strong public face for a government that needs to project confidence. He has been slow to staff his department, hampering the Administration's ability to react to the crisis - and possibly helping explain Treasury's leaden-footed reaction...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...fall, it will help people who borrow money in the future, but may not do very much for Citi's clients who borrowed money over the last two years. Many of those clients are tapped out, and the big bank faces hundreds of millions, possibly billions, of dollars in write-down of consumer loans. That does not take into account the amounts that will be lost as commercial mortgages and LBOs fail...

Author: /time Magazine | Title: Is Citibank Really Out of the Woods? | 3/19/2009 | See Source »

...Ironically," the authors write, "84% [of the women] believed that simulation information would allow them to make a more accurate forecast about a future date with a different...

Author: /time Magazine | Title: How to Predict What You'll Like? Ask a Stranger | 3/19/2009 | See Source »

...second experiment, students were asked to write a story, which would then be read by a peer and used to classify the writer's personality as Type A, B or C - A being positive, B neutral and C being decidedly negative. Type Cs were, for example, said to "sacrifice their beliefs because they seek contentment rather than challenge." Students were also asked to predict how they would feel if their peer judged them to be Type C - some participants were asked to predict based on written descriptions of all three personality types; others were not given those descriptions, but shown...

Author: /time Magazine | Title: How to Predict What You'll Like? Ask a Stranger | 3/19/2009 | See Source »

...findings aren't altogether surprising. People all over the world share similar reactions to stimuli; common evolutionary "physiological mechanisms" would explain why people, regardless of culture or belief, generally prefer "warm to cold, satiety to hunger, friends to enemies, winning to losing and so on." The authors write, "An alien who knew all the likes and dislikes of a single human being would know a great deal about the entire species...

Author: /time Magazine | Title: How to Predict What You'll Like? Ask a Stranger | 3/19/2009 | See Source »

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