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Even as the Dow Jones Industrial average returns to the 10,000 mark, the financial crisis is alive and kicking in the banking business. In the next week or so, the U.S. will reach a somber milestone: 100 banks down the drain in 2009. It will be the first time since 1992 that 100 banks have failed in a single year and only the 11th time it's happened since the Federal Deposit Insurance Corporation (FDIC) was formed back...

Author: /time Magazine | Title: Spotlight: Bank Failures | 10/26/2009 | See Source »

...particular hand. They focus on the intermittent rewards, rising and falling with each incremental shift in their fortunes. But for the professionals, it’s only the wide-lens view that matters. It’s the difference between magnifying a single dip or rise in the Dow Jones and seeing it from a few feet away as a simple hiccup in a concerted (and, for the expert poker player, orchestrated) upward trend. You’re not really a gambler until you’ve gone broke and made it back. “Losing is normal. You?...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Playing for Keeps | 10/22/2009 | See Source »

...weeks, the stock market had been toying with Dow 10,000, and on Wednesday afternoon it hit it. Considering that the large-company index went as low as 6,547 in March, that feels like cause for celebration. But is it really...

Author: /time Magazine | Title: Is the Market Rally About to Run Out of Gas? | 10/14/2009 | See Source »

...start reciting your personal list of affirmations, is, What makes you think unsullied optimism is such a good idea? Americans have long prided themselves on being positive and optimistic - traits that reached a manic zenith in the early years of this millennium. Iraq would be a cakewalk! The Dow would reach 36,000! Housing prices could never decline! Optimism was not only patriotic but was also a Christian virtue, or so we learned from the proliferating preachers of the "prosperity gospel," whose God wants to "prosper" you. In 2006, the runaway bestseller The Secret promised that you could have anything...

Author: /time Magazine | Title: Overrated Optimism: The Peril of Positive Thinking | 10/10/2009 | See Source »

...part, then, it's up to employers to help their workforce stay healthy. Giving hourly-shift workers more paid breaks often helps, as does installing a central pantry area where workers can refrigerate and heat food brought from home. Some employers, like Dow Chemical, have started to address these challenges and are working to encourage their employees to eat better--by stocking more nutritious snacks in the vending machine and by ensuring that senior management recognize and reward healthy habits among workers. To help employers continue to promote these choices, the National Heart, Lung and Blood Institute is now funding...

Author: /time Magazine | Title: Eat, Pray, Love | 10/5/2009 | See Source »

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