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...clear that even these aggressive actions will be sufficient to avoid a major U.S. slowdown or recession, given the deadweight of the sinking housing market. With the standard playbook and tools like the Taylor Rule less relevant to the immediate challenges at hand, central bankers are finding themselves looking at stock and bond markets to help them decide what to do. The markets in turn are looking back at central banks, trying to guess how monetary policy will affect asset prices. It reminds us of the early Ozzy Osbourne lyrics: "You, looking at me, looking at you .../ I know...

Author: /time Magazine | Title: The Fed Fights Back | 3/13/2008 | See Source »

...catch. Hu insisted that any negotiating party had to accept Beijing's view of "one China," a prerequisite even the KMT might have trouble swallowing. An overtly friendly Taipei will also force Hu to make sensitive decisions on Taiwan policy he has so far been able to avoid, and it is uncertain how far he's willing to go. "Taiwan's leadership will be looking for concessions and will almost certainly be willing to make concessions of its own." says Shelley Rigger, a Taiwan expert at Davidson College in North Carolina. "That will force Beijing to decide: Where...

Author: /time Magazine | Title: Strait Talker | 3/13/2008 | See Source »

...stainless steel inside and out Potential problems PET degrades with use, and wrinkled surfaces can host germs--as can backwash Studies show polycarbonates can leach a potentially harmful synthetic hormone Scientists and health advocates have reported no known problems with HDPE Stainless steel doesn't leach or react. But avoid freezing or filling with hot water Should I reuse this bottle? No. Use it as it's intended: once. Recycle it or reimagine and reuse--as a flower vase The FDA insists polycarbonate containers are safe, but some scientists disagree Yes. Though less snazzy-looking than polycarbonate, HDPE containers...

Author: /time Magazine | Title: Freshen Up Your Drink | 3/13/2008 | See Source »

...announcement coincided with the opening of a new exhibit examining the reprehensible marketing tactics tobacco companies used in the 1920s to 1950s. Advertisements featured everything from smiling doctors enjoying a “healthy” smoke to pseudo-scientific medical facts meant to allay rising health concerns and avoid losing customers...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Medical School Expands Smoking Ban | 3/13/2008 | See Source »

...mayor. "Losing his position as governor based on what's happened is one of the greatest punishments that could have been inflicted on him." Some had speculated that Spitzer, who had been holed up in his Fifth Avenue apartment since his initial apology Monday, was negotiating a deal to avoid prosecution. But U.S. Attorney Michael Garcia denied that was the case. "There is no agreement between this office and Governor Eliot Spitzer, relating to his resignation or any other matter," Garcia, of New York's Southern District, said in a statement. Conviction on Mann Act and "structuring" charges could mean...

Author: /time Magazine | Title: The Perilous Future of Eliot Spitzer | 3/12/2008 | See Source »

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