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Early on, the majority of people seemed to heap the most blame on barely regulated financial products, like credit-default swaps, which brought down AIG; mortgage brokers and their lax lending standards; and Wall Street bonus checks that rewarded short-term profits over prudent business decisions. Goldman Sachs, too, has...

Author: /time Magazine | Title: Hearings to Begin on Causes of Financial Crisis | 1/11/2010 | See Source »

But in the year since the crisis, a number of academics have pretty much refuted nearly every one of those early explanations as being too specific. Some economists have even questioned whether there was a credit crunch. Economic professor René Stulz of Ohio State University, for one, has written...

Author: /time Magazine | Title: Hearings to Begin on Causes of Financial Crisis | 1/11/2010 | See Source »

Here's the basic difference: when the planets in our solar system first formed, they were swimming through a disk-shaped cloud of gas. Their passage roiled and compressed the gas, and the gravity of the compressed gas in turn pulled on the proto-planets. The original models suggested that...

Author: /time Magazine | Title: A New Theory on Why the Sun Never Swallowed the Earth | 1/10/2010 | See Source »

“We had far too many turnovers,” Alex Biega said.

Author: By Christina C. Mcclintock, CRIMSON STAFF WRITER | Title: Men's Hockey Drops Two in Minnesota | 1/10/2010 | See Source »

This year's World Cup in South Africa could be one of the greatest ever advertisements for the continent - or a disaster. There are many potential stumbling blocks: infrastructure, transport, security. Some of these may turn out to be unexpected triumphs: the stadiums, for instance, are nearly finished - and they...

Author: /time Magazine | Title: Soccer Attack: Why South Africa Is Not Angola | 1/10/2010 | See Source »

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