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There were not many solutions offered. Nadler said he thought the government 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...

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

...face off with Argentine model Nacho Figueras at the Veuve Clicquot Manhattan Polo Classic on Governor's Island to raise funds for Sentebale, the charity he set up in 2006 to benefit vulnerable children in Lesotho. Sentebale, which supports numerous orphanages and educates people about HIV/AIDS, could use the boost. Income from donations plummeted 84% during the last financial year. (See pictures of Africa's AIDS crisis...

Author: /time Magazine | Title: Prince Harry to Make His New York Debut. Quietly | 5/29/2009 | See Source »

...opportunity lurking by the Chrysler deathbed. Chased from the American market a generation ago by its comic reputation for poor quality, Fiat seemed an unlikely rescuer. But Marchionne entered the picture as the It boy of the auto world, having slashed costs, retooled management and refreshed styling to boost sales of the firm's cute little cars. He wanted back into the U.S., provided it didn't cost him anything. (Watch TIME's video about an optimistic Dodge dealer...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

Still, no one is predicting railroads will put airlines out of business. Railteam, a ticketing consortium of seven leading high-speed rail operators, aims to boost the number of people who now use fast trains for international European travel each year from 15 million to 25 million by 2011. That compares with some 160 million who travel across borders by air in Europe every year, a number that is expected to double by 2020. The railroads' relatively modest growth expectations are grounded in some harsh economic realities: new high-speed rail lines take years to plan and build as well...

Author: /time Magazine | Title: European Train Travel: Working on the Railroad | 5/28/2009 | See Source »

About a year ago, the makers of Red Bull, the famous caffeine-loaded energy drink, decided to come out with a soda, unsurprisingly named Red Bull Cola. The shared name implied the same big kick. But could the cola's boost - supposedly "100% natural" - come from something else? Officials in Germany worry that they've found the answer - cocaine. And now they have prohibited the soda's sale in six states across the country and may recommend a nation-wide...

Author: /time Magazine | Title: Red Bull's New Cola: A Kick from Cocaine? | 5/25/2009 | See Source »

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