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...coming 2009 debuts of CityCenter, the Fountainebleau and the M Resort, which add up to $20 billion of construction, as proof that the Vegas brand is fundamentally strong. "There's a resilience to Las Vegas that's unlike anything else you see in the country," says Dick Rizzo, vice chairman of Perini Building Co., the largest construction firm in town...

Author: /time Magazine | Title: The Good Times Stop Rolling: Vegas Meets the Recession | 12/29/2008 | See Source »

During his first decade in the Senate, he didn't win much. But after Ronald Reagan was elected, he was able to get a lot of bills signed into law with Reagan's help. As chairman of the Senate Foreign Relations Committee, he was there every step of the way as Reagan worked to end the cold...

Author: /time Magazine | Title: Jesse Helms | 12/29/2008 | See Source »

Back in September, V.V. Chari, an economist at the University of Minnesota and an adviser to the Federal Reserve Bank of Minneapolis, got a call from a Congressman. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke were arguing that they needed $700 billion to save the nation's financial system, and the Congressman wanted to know what to make of it all. Chari said he didn't know - he hadn't looked at the data. Policymakers kept talking about how banks weren't lending to businesses or to individuals or even to each other, so Chari pulled numbers...

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

...Friday morning, though, GM chairman Rick Wagoner, was already envisioning a brighter future. "In many ways our restructuring plan [with the government] accelerates and expands the transformation that we've been driving in North America for the past several years. It's really a blueprint for a new General Motors - one for our next 100 years," he said...

Author: /time Magazine | Title: The Reaction in Detroit: A Sigh of Relief | 12/19/2008 | See Source »

...With Vilsack as agriculture secretary, Iowans will arguably have more influence over U.S. farm policy than ever before - the Senate Agriculture Committee chairman is Tom Harkin, of Iowa...

Author: /time Magazine | Title: Secretary of Agriculture: Tom Vilsack | 12/19/2008 | See Source »

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