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...receding in response to signs of stabilization," says an official familiar with Treasury's thinking. And the recent slight rise in interest rates demonstrates nothing except a market beginning to return to normalcy, not one getting spooked by fears of inflation. Consider that so-called TIPS - inflation-protected bonds - yield 1.5% on the five-year bond and just 1.9% on the 10-year. No sign of incipient inflationary panic there. To China and to everyone else watching, the U.S. would cite that as progress - and reasonably...

Author: /time Magazine | Title: Geithner Gets a Warmer Reception in China | 6/2/2009 | See Source »

When tattoo artist Brandon Bond heard about a new tattoo ink that could be removed with a single laser treatment, he wasn't just skeptical - he was ticked off. The Atlanta-based designer considers the work he has inked on everyone from rapper 50 Cent to champion boxer Floyd Mayweather, Jr. to be pieces of art, almost sacred, so marketing them as disposable was nothing short of an insult...

Author: /time Magazine | Title: Hate That Tattoo? Making Them Easier to Remove | 6/1/2009 | See Source »

...even as Bond scoffed at the ironically named Infinitink, which just became available this spring, he could relate to Americans' love-hate relationship with their body art. Cherished as symbols of independence and individuality, tattoos now adorn the flesh of a quarter of all adults under 50. Yet recent studies have also found that about a sixth of everyone who gets one winds up regretting it. Case in point: Bond sports two full sleeves' worth of intricate patterns, but admits there are a few designs on his arms that he'd like to erase altogether. "A lot of the stuff...

Author: /time Magazine | Title: Hate That Tattoo? Making Them Easier to Remove | 6/1/2009 | See Source »

...pigment in tiny plastic beads that dissolve more easily than regular ink when struck by a laser beam. But there was a problem: tattoo artists hated to use it because it was too thin (which made it look washed out) and the micropolymer beads were incredibly expensive, says Bond, who now works as a consultant for Nuvilex, which makes Infinitink...

Author: /time Magazine | Title: Hate That Tattoo? Making Them Easier to Remove | 6/1/2009 | See Source »

...gloomiest predictions - that the sand dunes will reclaim the skyscrapers - are overdone. Abu Dhabi has kept Dubai afloat by snapping up $10 billion of a $20 billion Dubai bond issue. Among other things, the bailout money has helped shore up the state-owned development companies behind most of those massive building projects. Still, the shakeout is probably not over yet, according to Saud Masoud, an analyst at the Dubai office of investment bank UBS. Masoud predicts house prices could eventually fall as much as 70% from last year's highs. "You can't just put in more capital," he says...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

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