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...flat in September. Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says Sheryl King, senior U.S. economist at Merrill Lynch...

Author: /time Magazine | Title: The Global Economy's Big Fear Becomes Real: Deflation | 11/21/2008 | See Source »

...Merrill Lynch economist King argues, it's likely that the deflationary forces will intensify as the result of a vicious cycle. As economic conditions deteriorate, bank lending naturally declines because the number of credit-worthy borrowers - whether corporate or individual - shrinks. In other words, financial institutions that got into their current egregious situation by making bad loans aren't going to recover by making more bad loans. Thus a declining economy leads to contractions in lending, which further dampens demand...

Author: /time Magazine | Title: The Global Economy's Big Fear Becomes Real: Deflation | 11/21/2008 | See Source »

...Though Dolly the sheep was the first clone to be shoved into the limelight, in 1996, the process of human-directed cloning has existed since 1952. In that year, American researchers Robert Briggs and Thomas King successfully removed the nucleus of a tadpole's embryonic cell and transferred it to a donor cell, cloning 27 tadpoles in the experiment. This groundbreaking achievement landed the scientists the internationally lauded Charles Leopold Mayer Prize of the Académie des Sciences, making them the first Americans in history to receive the award. (Read TIME's first story about Dolly...

Author: /time Magazine | Title: Cloning | 11/21/2008 | See Source »

...Since Briggs and King's discovery, a veritable Noah's Ark of clones has been created, ranging from fish in 1963 to horses in 2003. Dolly's birth, at the Roslin Institute in Scotland, marked the first successful cloning of a mammal from an adult cell, proving that a complete animal could be grown from the DNA contained in cells from just about any part of another...

Author: /time Magazine | Title: Cloning | 11/21/2008 | See Source »

...wave of Democrats would want to face them as a unified party. But this should also be a time of hope and change, of a new Washington, and bringing that promise to fulfillment requires the courage to upend the establishment and leave the old and fractious behind. Robert G. King ’09-’10, a Crimson associate editorial editor, is a history concentrator in Winthrop House...

Author: By Robert G. King | Title: Politics as Usual | 11/20/2008 | See Source »

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