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Robert Mitchum, who was one of my favorite actors, drove me nuts. Every answer was one word. "Yep. Nope. Maybe. Not sure. Sure." I never got through to him. It got so bad that I wound up asking him what he had for dinner. And when he finished, he said...

Author: /time Magazine | Title: 10 Questions for Larry King | 6/1/2009 | See Source »

...banking and the American car industry. Come back to that time with us for a moment.I’m sure we all spent that summer before college the same way. You worried about whether you had enough pairs of cargo shorts to get you through first semester. (Answer: No, because you can never have too many pairs of cargo shorts.) Above all, you wondered: would college life really be as cool, chill, and homoerotic as membership in the Harvard ’09 Fellas Facebook group made it seem? (Answer: Yes.)We all spent our college careers the same...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: And So, in Closing... | 6/1/2009 | See Source »

...should create new banks, which, unencumbered by souring loans, would boost lending. Nadler said he thought private investors would be interested in helping fund the new banks. A number of the panelists thought the government's TALF and PPIP programs meant to boost lending were helpful but not the answer. Parkus said he thought extending the terms of commercial loans set to default would only delay the problem and make it worse. As more and more bad loans pile up, he predicted, it will become progressively harder for any of them to get refinanced...

Author: /time Magazine | Title: Commercial Real Estate — the Economy's Anvil | 5/29/2009 | See Source »

...answer is roughly 1 in 1.56 trillion, and on May 23, Patricia Demauro, a New Jersey grandmother, beat those odds at Atlantic City's Borgata Hotel Casino and Spa. Demauro's 154-roll lucky streak, which lasted four hours and 18 minutes, broke the world records for the longest craps roll and the most successive dice rolls without "sevening out." According to Stanford University statistics professor Thomas Cover, the chances of that happening are smaller than getting struck by lightning (one in a million), being hit by an errant ball at a baseball game (one in 1.5 million) or winning...

Author: /time Magazine | Title: Holy Craps! How a Gambling Grandma Broke the Record | 5/29/2009 | See Source »

...weeks ago, Secretary of Defense Robert Gates trooped up to Capitol Hill to answer questions about the new Pentagon budget. This is an unseemly spectacle under the best of circumstances. Even reasonable members of Congress have been known to empretzel themselves shamelessly, attempting to defend weapons the Pentagon doesn't want or need, but which provide jobs for their constituents. Usually, they win, too. It is just too difficult for a Secretary of Defense to argue against shiny new weapons systems with subcontractors in 46 states, even if they are fantastically over budget and designed to counter a missile threat...

Author: /time Magazine | Title: Robert Gates: The Bureaucrat Unbound | 5/28/2009 | See Source »

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