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...that said, I think they'll stop buying mortgage-agency securities, and the trillion-and-a-half-dollar check that's been written over the past nine to 12 months basically disappears. It's significant from the standpoint of interest rates and interest-rate spreads in certain sectors. And I would even go so far as to say it might be a mistake. (See the best business deals...

Author: /time Magazine | Title: Pimco's Bill Gross Sees 2010 as Year of Reckoning | 1/5/2010 | See Source »

While everyone agrees that allowing elderly and disabled Americans to stay in their homes is better from a fiscal standpoint, certain details of the CLASS Act have made it an easy target for critics. Examining the merits of these criticisms provides a window to understanding both the complexity of health care reform and why it's so ripe for mischaracterization. For instance, to prevent people from purchasing long-term-care coverage when they are already in need, the CLASS Act requires that enrollees be employed and pay into the system for five years before becoming eligible to collect benefits...

Author: /time Magazine | Title: Should Long-Term-Care Insurance Be Part of Health Reform? | 12/8/2009 | See Source »

...schools must walk a fine line between protecting free speech and protecting students from one another. Liz Braun, Mount Holyoke's dean of students, says that from an administrative standpoint, it's a "very slippery slope." Even at Wesleyan, administrators have to tread lightly. The school told Frank he could not use its servers for his business, but, says director of media relations David Pesci, "We have other students who are entrepreneurs on campus who have businesses, and quite frankly, as long as they are conducting those businesses within the laws assigned to those areas, there's not much that...

Author: /time Magazine | Title: Colleges Fight Back Against Anonymous Gossip Sites | 12/7/2009 | See Source »

...their pedestals. Kobe Bryant, whose jersey is again the NBA's most popular, has buried his legal troubles in the confetti of his latest championship. When the New York Yankees captured their 27th title in November, Alex Rodriguez's steroid use - a scandal botched as badly, from a p.r. standpoint, as Woods' mysterious car accident - took a backseat to story lines about how the revelation liberated him to focus on connecting with his teammates. (Read "Rachel Uchitel: Tiger Woods' Alleged Mistress...

Author: /time Magazine | Title: Let Down by a Tiger We Never Knew | 12/7/2009 | See Source »

...Furthermore, long-term growth is propelled by productivity gains, not by consumer spending. From this standpoint, the outlook for stocks is even more promising. Companies have rigorously cut costs and positioned themselves for a rapid rise in earnings once top-line growth resumes. Annualized productivity growth in the second and third quarters of 2009 averaged 8.2%, the highest six-month average in 40 years and unprecedented for an economy just emerging from a severe recession. Indeed, third-quarter profits, now being reported, are running well ahead of estimates...

Author: /time Magazine | Title: Why Stocks Still Rock | 11/23/2009 | See Source »

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