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...opening slump of 1.66%, prices on European exchanges suffered serious erosion, with London's FTSE 100 down 4.2%, Paris' CAC 40 by 3.6%, and Frankfurt's Dax index 2.8%. The trio closed Monday trading with losses of 5.33%, 4.48%, and 3.48% respectively. The European shrinkage followed Asia's lead, with Tokyo's Nikkei index dropping 3.8%, Hong Kong's Hang Seng off 3.9%, Sydney's All Ordinaries falling 2.8%, and Mumbai's BSE Sensex down 3.69%. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Markets Fall from Tokyo to London to New York City | 3/2/2009 | See Source »

...JAMA study, the CDC scientists report that infection with drug-resistant flu does not cause more severe illness or lead to more hospitalizations than infection with nonresistant strains. The study also finds that the resistant strain did not arise from overuse of Tamiflu; in fact, during the past flu season, the resistant strain was found widely in countries with low Tamiflu use, like Norway, but less commonly in places, like Japan, where Tamiflu use is high. If overuse had played a role in the emergence of the resistant strain, health officials might have recommended that clinicians restrict prescriptions...

Author: /time Magazine | Title: Study: Drug-Resistant Flu on the Rise | 3/2/2009 | See Source »

...picture your kindergartner in a casino, but maybe you ought to try. American kids are born into a culture that loves its gambling, and the passion is only growing, as financial hardships sweeten the ever alluring prospect of a lucky break. The danger, of course, is that gambling can lead to compulsive gambling - and compulsive gambling can be a life wrecker. Now, a new study in the Archives of Pediatrics & Adolescent Medicine suggests that it may be possible to spot the people most at risk when they're as young as 5 years old. (Read about the significance of peer...

Author: /time Magazine | Title: Spotting Future Gamblers in Kindergarten | 3/2/2009 | See Source »

...need to think of impulse-control training as a long-term investment plan," she says, "one that can lead to less addiction, less gambling, a lower dropout rate and lower unemployment." That's a far bigger payoff than you'll ever get playing blackjack or craps...

Author: /time Magazine | Title: Spotting Future Gamblers in Kindergarten | 3/2/2009 | See Source »

...beat Columbia for the first time in six games, 72-63, Friday night at Lavietes Pavilion behind a balanced team attack, avenging a last second loss to the visitors two weeks ago. Junior guard Jeremy Lin and freshman forward Keith Wright tied for a game-high 14 points to lead four players in double figures for the Crimson as it pulled away midway through the second half, then held off the Lions’ attempt at a late charge. Senior guard Drew Housman and freshman guard Oliver McNally each had 10 points as Harvard shot 12-of-20 from...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: Balanced Attack Propels Harvard to Big Win Over Columbia | 3/2/2009 | See Source »

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