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...sages saying now that 2010 is just around the corner? Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...

Author: /time Magazine | Title: 2010 Financial Forecasts: A 50% Chance of Being Right | 12/21/2009 | See Source »

...tenuous, and Obama has yet to take any clear steps, beyond rhetoric, to reassure investors. His 2010 budget, announced last February, projected medium-term deficits that even Obama's aides agree are unsustainable. And by most accounts, his health care reform package, if it passes, is unlikely to yield the clear long-term savings that Obama once suggested...

Author: /time Magazine | Title: Recovery Insurance | 12/10/2009 | See Source »

...recent weeks, Obama has begun to talk more about the debt, admitting in an interview with Fox News that too much spending could yield a loss of confidence in the U.S. and a "double-dip recession." At Brookings, Obama copped to trying to "spend our way out of this recession in the near term" but also announced that "one of the central goals of this Administration is restoring fiscal responsibility...

Author: /time Magazine | Title: Recovery Insurance | 12/10/2009 | See Source »

Greeney said that most of the food worth salvaging is put into the dumpster last, so they only open a few bags on top before moving on to the next store. A good 45-minute trip will yield a duffle bag of pastries that the four of them can hardly finish in a week...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Alum Shares Food Salvaged From Dumpster | 12/7/2009 | See Source »

Once upon a time, what we now consider science was regarded as alchemy, and the subject was synonymous with things like witchcraft, jinxes, and time travel. If you had influenza, a wicked old witch had probably jinxed you; if your crops didn’t yield, you must have invoked a family curse. For a long life or the ability to turn base metals into gold, it was not medicine or a chemical lab you sought, but an alchemist or a magician. In those days, our actions were manipulated by the fates...

Author: By Shaomin C. Chew | Title: The Fate of Science | 12/7/2009 | See Source »

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