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...Despite the billions the government spent on consumer-spending incentives to stimulate industrial output - like implementing cash-for-clunkers subsidies for new car buyers - the schemes didn't lead to massive growth in manufacturing. Industrial production and service-sector activities fared no better than the overall 0.1% growth figure for the fourth quarter, economists noted. "When the results were announced this morning during the meeting we were holding for the occasion, the hundreds of gathered guests all howled in derision and embarrassment at the figures they heard," says David Buik, a market analyst at the London brokerage firm BGC Partners...

Author: /time Magazine | Title: Britain's Out of Recession: So Why No Cheers? | 1/26/2010 | See Source »

...mortar into the Green Zone," he suggested. We tried to find out but the phones were already jammed. We had almost arrived at the rear access road to the Hamra when the second bomb exploded, near the Babylon Hotel. We had driven by it just minutes before, and our car jumped. We sped closer to the rear checkpoint of the Hamra compound, where the security guards were already out in full force and on edge. "This is Iraq," said one guard to me, shrugging with a smile, as his colleague swept a mirror beneath the car to check for bombs...

Author: /time Magazine | Title: In the Middle of the Baghdad Hotel Attacks | 1/26/2010 | See Source »

...Angelides--a former California state treasurer who lost to Arnold Schwarzenegger in the state's 2006 governor's race. On the commission's first day of hearings, Angelides set a tone of civil but pointed inquisition that bodes well for its future. "It sounds to me like selling a car with faulty brakes and then buying an insurance policy on the buyer," he said at one point while grilling Goldman Sachs CEO Lloyd Blankfein about the dodgy mortgage securities the bank sold. The dark arts that produced this crisis may finally be coming into the light...

Author: /time Magazine | Title: The Moment | 1/25/2010 | See Source »

...scene. As Diane, a young Englishwoman in Southern California, she's in hysterics when Mitchum first sees her (they exchange hard slaps); later she toys portentously with chess pieces and glowers at us out of a fetal position. By the end Diane has been the agent of two gruesome car crashes and four deaths. "I don't pretend to know what goes on behind that pretty little face of yours," Mitchum tells her, "and I don't want to." Yet for the length of the movie he denies his better instincts to get closer to this petite praying mantis...

Author: /time Magazine | Title: Jean Simmons: Portrait of a Complicated Lady | 1/24/2010 | See Source »

...giant hurdle that looms large for everyone at the festival - and the industry across the country - is piracy. Like the latest chart topping CDs or DVDS, at stoplights around the country hawkers peddle cheap, illegal copies of the latest book titles at car windows for a fraction of the price. That's hard for small book stores like Full Circle to overcome. "The minute you have a best seller, it doesn't even take five days for book pirates to sell it on the street," laments Malhotra. "You drive down any of the main roads in Delhi...

Author: /time Magazine | Title: In Jaipur, the Indian Book Market Comes Into Its Own | 1/24/2010 | See Source »

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