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...troubled banks. The operative word here is could - Geithner and top White House economic adviser Larry Summers have been awfully cagey about what comes next. The more plainspoken Bair allowed that the asset-purchase plan "will be a significant benefit to many banks, but some will be beyond help." Soon we may find out which hopeless banks she's talking about...
...Soon after starting his job as superintendent of the Memphis, Tenn., public schools in 2008, Kriner Cash ordered an assessment of his new district's 104,000 students. The findings were grim: nearly a third had been held back at least one academic year. The high school graduation rate had fallen to 67%. One in five dropped out. But what most concerned him was that the number of students considered "highly mobile," meaning they had moved at least once during the school year, had ballooned to 34,000, partly because of the home-foreclosure crisis. At least 1,500 students...
...soon enough how well President Barack Obama copes, but long before the collapse, he clearly sensed the nature of the historical moment. His Democratic opponents were all over him a year ago when he gave the Reagan Revolution its due, but he was exactly right: "Ronald Reagan changed the trajectory of America ... He tapped into what people were already feeling ... [He] transformed American politics and set the agenda for a long time ... In political terms, we may be in one of those moments where we can get a seismic shift in how the country views itself and our future...
...1960s party, we found ourselves in a slough of despondency, with an oil crisis, a terrible recession, a kind of Weimarish embrace of decadence, national malaise - and at that very dispirited moment, Microsoft and Apple were founded. The next transformative, moneymaking technologies and businesses are no doubt coming soon to a garage near...
...food demons. Caro, author of a new book about the debate, The Foie Gras Wars, talked to TIME about why Donald Duck is a force to be reckoned with, the true goals of the animal rights camp and why he won't be craving foie gras any time soon. (See TIME's Summer Journey: We Are What...