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...modern recessions have been more complex and therefore more difficult to solve. Levy thinks the same dynamics are in play now as the economy struggles to regain its footing after being sunk by complicated issues such as capital flows and deflation of assets and debt - all of which choke off cash flows among big employers, who then trim payrolls. "You can't just clean these things up by having the economy go through a year of cutting inventories and dropping interest rates," says Levy. "The problems linger...

Author: /time Magazine | Title: Unemployment: The Problem That May Linger | 10/27/2008 | See Source »

...great shakes as a wrestler, but he could roil the crowds by playing the bad guy against such scripted good guys as Hulk Hogan. Recalls Hogan: "Jesse's best move was to cheat and run...He'd take the tape off his wrist and choke you, he'd gouge you in the eyes, and then if you cleared your eyes or got the tape off your throat, he'd run for his life." But Ventura was funny and articulate outside the ring, skills that led, once he hung up his tights, to movie roles and jobs as a TBS wrestling...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

...Despite Monday's mostly rosier mood, there were developments that could have given markets as much to choke on than cheer about. Over the weekend the heads of French savings bank Caisses d'Epargne were forced to resign following revelations that unauthorized derivatives trading last week produced a $810 million loss. On Sunday, meanwhile, the Netherlands said it would inject a further $13.5 billion into troubled finance company ING - another indication that European banks may not yet have entirely accounted for all the toxic debt they assumed...

Author: /time Magazine | Title: Markets Cheer Calls to Overhaul Global Finance | 10/20/2008 | See Source »

...Piracy declined in subsequent centuries, thanks to increasingly vigilant militaries and the development of the steam engine. But amid a drop in naval patrols and a boom in international trade following the end of the Cold War, it has flourished anew - particularly in narrow choke points such as Asia's Strait of Malacca and the Gulf of Aden, which links the Red and Arabian seas. Buoyed by fast boats, fearsome weaponry and high-tech communications gear, pirates carried off 263 reported heists in 2007 - 28% of which occurred in the treacherous waters off Nigeria and Somalia, where vast coastlines...

Author: /time Magazine | Title: A Brief History of Pirates | 10/2/2008 | See Source »

...what could be called the turning point of “Choke,” Clark Gregg’s directorial debut, a doctor played by Kelly Macdonald reveals that Sam Rockwell’s character may share genetic material with Jesus Christ. “So you’re saying I’m the son of Jesus Christ?” he asks. “More like His half-clone,” she replies.There are a handful of delirious revelations like this in the film—which is adapted from the Chuck Palahniuk novel...

Author: By Ryan J. Meehan, CRIMSON STAFF WRITER | Title: Choke | 9/25/2008 | See Source »

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