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...kept in place to encourage banks to lend and to keep commerce flowing. Cheap money is nice for lenders and borrowers - but it's devastating for savers, especially for retirees who use interest income to supplement Social Security. If you had $500,000 stashed away - not a bad nest egg - you could earn a no-risk $20,000 to $25,000 annually (before taxes) two years ago buying bank CDs or short-term Treasury securities. Now you earn less than $5,000 in an average one-year CD, about $2,000 in a one-year Treasury. This offers retirees unpleasant...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

When your email telling FAS-IT that something is wrong with your email bounces, you know things have gotten bad. Really bad...

Author: By Xi Yu | Title: All Spammed Out | 10/29/2009 | See Source »

...Chuck wants to be a man/Blair has a bad, bad night storyline...

Author: By June Q. Wu | Title: Recap: "How to Succeed in Bassness" — or, what NOT to do | 10/28/2009 | See Source »

...their cherished national cuisines. Bermuda banned all fast-food restaurants to squelch a McDonald's planned for the island. A French farmer, Jose Bove, became something of a national hero in 1999 after he and a band of activists destroyed a McDonald's under construction to protest globalization and "bad food." The next year, a bomb detonated in a French McDonald's, killing a 27-year-old employee. No one claimed responsibility. (Read "Supersizing Europe: The McDonald's Stimulus Plan...

Author: /time Magazine | Title: McDonald's Abroad | 10/28/2009 | See Source »

...Arctic drive-thru, final) continent in 1992, with the opening of a restaurant in Casablanca, Morocco. Four years later, the company heralded the expansion into its 100th nation, Belarus, and claimed to be opening a new restaurant somewhere in the world every three hours. (See the top 10 bad beverage ideas...

Author: /time Magazine | Title: McDonald's Abroad | 10/28/2009 | See Source »

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