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...anyone in Europe and the U.S. of a certain age, this is a familiar tale. Once booming industrial centers were laid low in the 1970s by the one-two punch of recession and increasing competition from Asia. Detroit shed almost 40% of its industrial jobs in the '70s alone. Many cities - rust belt towns in America's east and Midwest in particular - still face the huge challenge of reinvention. But there are lessons to be learned from places that have been through this before and the authors of a new British guide argue that U.S. cities would do well...

Author: /time Magazine | Title: How Struggling Cities Can Reinvent Themselves | 12/10/2008 | See Source »

...program is meant to gin up liquidity for corporate credit unions by enticing retail credit unions to deposit more of their money there, both by guaranteeing deposits and offering low-cost loans. Retail credit unions, also charmingly called natural-person credit unions, have been finding other places to stash funds as they've grown concerned about the stability of corporates. At the end of September, retail credit unions had $35.1 billion invested in corporate credit unions, down from $37.9 billion at the beginning of the year, according to the NCUA. Over that same period, total retail investments grew from...

Author: /time Magazine | Title: Are Credit Unions in Trouble? | 12/10/2008 | See Source »

...SELECT study did not take into account participants' baseline levels of vitamin E, but researchers say they are likely to reanalyze the data in the future to determine whether a subgroup of people with low levels of the vitamin received any benefit from supplements...

Author: /time Magazine | Title: Vitamins Do Not Prevent Prostate Cancer, Study Finds | 12/10/2008 | See Source »

...This is a big name and it shows that he [Obama] is not going to treat the Veterans Affairs Secretary as a low priority."- Paul Reickhoff, executive director of Iraq and Afghanistan Veterans of America, on how the appointment will boost veteran's morale...

Author: /time Magazine | Title: Secretary of Veterans Affairs: Eric Shinseki | 12/9/2008 | See Source »

...want to criticize while my soldiers are still bleeding and dying in Iraq."- Shinseki on keeping a low profile after retiring from his Army Chief of Staff post...

Author: /time Magazine | Title: Secretary of Veterans Affairs: Eric Shinseki | 12/9/2008 | See Source »

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