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What all these attacks have in common is their psychological impact. The 2007 air strike established that the LTTE had become the first guerrilla organization in the world to have its own air force. These aren't fighter planes, however. They are light propeller planes reportedly put together from parts smuggled into the country. But they are enough to carry out small-scale bombing raids. "Even though the government claimed that the Tiger's air attacks inflicted little damage, the psychological advantage the LTTE has won has served to significantly boost the rebels' morale and could embolden them to step...

Author: /time Magazine | Title: A Surprise Attack by Sri Lanka's Tamil Tigers | 2/20/2009 | See Source »

...that may simply reflect the reality that there are a lot of people in homes who aren't going to be in them long term and that trying to keep them there is throwing good money after bad. The plan allocates money that implicitly acknowledges that: $1.5 billion to help displaced homeowners transition back to being renters and $2 billion to boost HUD's Neighborhood Stabilization Program, which lets cities and states deal with foreclosure fallout. (See pictures of the recession...

Author: /time Magazine | Title: Will President Obama's New Housing Plan Work? | 2/19/2009 | See Source »

...exception is Citigroup. Since the bank struck a deal with the government to shield $301 billion in losses, we had to account for some investment missteps to value the arrangement. Bank of America has a similar deal, but since the details aren't public, we didn't factor it in. (See pictures of the top 10 scared traders...

Author: /time Magazine | Title: Can Your Bank Pass the Stress Test? | 2/19/2009 | See Source »

...their own clients--than most paid publications. There are hundreds of other examples in which the advertising-only model has produced hard-hitting journalism. The bottom line for all news media is the same regardless of model: you'd better produce content that people pay attention to, or you aren't going to have a business. Richard Karpel, Association of Alternative Newsweeklies, WASHINGTON...

Author: /time Magazine | Title: Inbox | 2/19/2009 | See Source »

Even some high-end critics who cherish film as a visual art aren't sold on the format. "I did buy a Blu-ray," says Jim Emerson, whose cogent blog Scanners runs on rogerebert.com "and I feel like a sucker. To me, some DVDs look more like 35 mm than Blu-ray does. In another 10 years, who is going to need a plastic physical disc to store digitized information? I think Blu-ray is a transitional format that won't last long...

Author: /time Magazine | Title: Is Blu-ray Worth Getting? | 2/19/2009 | See Source »

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