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...mood at banks more generally is cautious. The most recent Federal Reserve survey of loan officers showed a plurality of banks tightening credit standards across the board. Add in anecdotal evidence - like Bank of America declining to increase lending to McDonald's franchisees even though the two companies have a long-standing partnership - and things do seem to be cascading down to Main Street, or whatever road is home to your local fast food joint. In August, 67% of small-business owners said they'd been affected by the credit crunch, compared with 55% in February, according to surveys...

Author: /time Magazine | Title: The Credit Crunch: Where Is It Happening? | 9/30/2008 | See Source »

...ISSUE Economy (short-term) Economy (medium-term) Economy (long-term) Demeanor ACTION While Barack Obama was cool, confident and deliberate, John McCain was initially frantic and overheated and seemed as panicked as his advisers--who recognized their campaign could go down the economic drain. Obama was perhaps a tad cautious and reserved but stayed in sync with fellow Dems on Capitol Hill by letting the political benefits of nationwide alarm boost their case. Barring disaster, every aspect of the campaign will now be seen through the lens of the economy, an issue on which Obama and his party are more...

Author: /time Magazine | Title: The Page | 9/25/2008 | See Source »

...Manoogian says. “It’s a lot of work but it’s something that they’ve been preparing for several months, if not years.”At least one student has picked up on the museum staff’s cautious attitude towards renovations. “I think right now they’re still sizing things up,” HAA concentrator Kaley L. Bla ’10 says. “If I were the architect or the director, I would be so terrified to start working...

Author: By Anjali Motgi, CRIMSON STAFF WRITER | Title: Where Art Thou, Fogg? | 9/25/2008 | See Source »

...Obama and McCain have been cautious in adapting their messages to the new reality because no one is sure what the new reality actually means. But they may be reluctant to show their hands in an economy that can turn from forgiving to punishing overnight. On balance, McCain would be a lower-tax, lower-spending President who would agree to stiff regulation when necessary. Obama would be quicker to spend, quicker to regulate but also probably faster to react to economic weakness at home. The choice might be as much about reflexes as about ideology...

Author: /time Magazine | Title: Who Can Lead Us Out of This Mess? | 9/25/2008 | See Source »

...Motlanthe is a cautious and low-key operator rather than a high-profile politician or empire builder, and is generally viewed as one of the intellectual anchors of the Zuma camp - which has challenged Mbeki's market-oriented economic policies from the left. Still, the widespread respect enjoyed by the former political prisoner and union organizer has positioned him as a bridge between the rival factions, and the leader many see as the one best able to ensure a smooth transition to Zuma?s presidency...

Author: /time Magazine | Title: South Africa's Next President? | 9/24/2008 | See Source »

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