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...Thursday, Feb. 4, the Senate Banking Committee held its second hearing in a week on President Obama's proposal to keep banks, which hold federally insured deposits, from engaging in such risky businesses as proprietary trading and hedge-fund and private-equity-fund investing (all three activities contain some element of trading or investing for the firm's own account, possibly employing leverage). Many have dismissed the so-called Volcker rule, which Obama named for former Federal Reserve chairman and current presidential adviser Paul Volcker (who has championed the proposal), as unnecessary. They say proprietary trading played a very limited...

Author: /time Magazine | Title: Is Proprietary Trading Too Wild for Wall Street? | 2/5/2010 | See Source »

...Oncology, a cancer-services company. Better biopsy techniques and drug treatments emerged, making castration and use of estrogens, the most common therapies for prostate tumors, almost obsolete. Such advances may have contributed to the drop off in suicides seen in the post-PSA era. "There may be an element here of the treatment for prostate cancer that was causing excess suicide," says Vogelzang...

Author: /time Magazine | Title: Study: Cancer Patients at Higher Suicide Risk | 2/3/2010 | See Source »

Stage Two: Anger—Feelings of excitement insidiously slide into disappointment and intimidation. The esteemed faculty and incredible classmates can make you feel out of your element. Attempts to get involved, find leadership positions and continue with pre-college passions may result in disappointment when your ideas and efforts are not selected or rewarded. (Case study: Reporting for four years for the CBS affiliate in Houston, then being rejected by a student-run news show at Harvard). While getting used to the higher volume and sophistication of work, you may find test grades don’t quite make...

Author: By Meredith C. Baker | Title: Humbled by Harvard | 2/3/2010 | See Source »

...Harvard is working hard to have a global orientation, which I think is terrific,” Ellwood said. “Davos is one element of that whole process—the presence of three deans and the University President is an indication of how seriously we take our opportunities to expand our global focus...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: Davos Conference Attracts Harvard Faculty | 2/2/2010 | See Source »

...world). Far better to be on the prowl for cybertrouble and - with a few keystrokes or by activating secret codes long ago secreted in a prospective foe's computer system - thwart any attack. Cyberdefense "never works" by itself, says the senior Pentagon officer. "There has to be an element of offense to have a credible defense...

Author: /time Magazine | Title: U.S. Cyberwar Strategy: The Pentagon Plans to Attack | 2/2/2010 | See Source »

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