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...noon Saturday, more than two-thirds of Oahu had power restored, 18 hours after the blackout started. The outage shuttered shopping malls and businesses and forced the Honolulu airport to cancel flights. Traffic signals went dark, leaving motorists crawling through streets with no lights. The Honolulu police department called in all available officers for duty, blanketing the island with a force of more than 1,300 men and women. Long lines formed at the few grocery stores with backup generators as residents shopped for candles, bottled water and ways to pass the time. "Power was restored to the residence during...

Author: /time Magazine | Title: Protecting Obama When the Lights Go Out | 12/28/2008 | See Source »

...back-and-forth can feel esoteric, but, in fact, it goes to the heart of solving the problem. "If losing firms are sucking up all the credit, then isn't the [correct] policy response to let banks cancel lines of credit?" asks Octavio Marenzi, CEO of the banking consultancy Celent, who joined the debate in December with his own paper, called "Flawed Assumptions about the Credit Crisis." After going through a reckoning of the aggregate data - including the fact that consumer credit hit a record high in September 2008 - Marenzi put forth a couple of possible explanations, including "that policymakers...

Author: /time Magazine | Title: Is There Really a Credit Crunch? | 12/24/2008 | See Source »

...Meanwhile, one day this month members of the Tucson group were submitting requests for such things as answering machines, rooftop TV antennas, cell phones, and firewood - items that would surely help users cancel their cable subscription and cut down on heating and other costs. Martinez said one person, apparently hoping to save money on the water bill, posted a request for giant barrels that he could use to capture rainwater. Members were also seeking scraps of fabric, mason jars and broken crayons, all of which are good for craft-making...

Author: /time Magazine | Title: Psst, Santa, Have Your Elves Heard About Freecycling? | 12/20/2008 | See Source »

...focusing only on big-budget games sold at high prices ignores the rest of the game market, which might be an even better value. Casual games often cost less than a dollar and are an expanding market on new platforms like the Apple iPhone. Power gamers are unlikely to cancel monthly subscriptions to persistent-world online games (like World of Warcraft), because the 60 or more hours many admit to playing each week makes the cost per hour infinitesimally small. Recently, “microtransaction” online games, which are free to play but charge players small amounts...

Author: By Adam R. Gold | Title: No Recession in this Castle | 12/14/2008 | See Source »

...Axelrod said, Obama established himself as a "safe change" candidate. McCain, meanwhile, announced a suspension of his campaign and a plan to suspend the debate (which was later aborted), and showed an underwhelming effort in his return to Washington to support the federal bailout package - which led him to cancel an appearance on Late Show with David Letterman. Davis, who approached the event with humor, admitted, "The most damaging thing was pissing off Letterman...

Author: /time Magazine | Title: A Campaign Postmortem at Harvard | 12/12/2008 | See Source »

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