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...normal cyclical slowdown, lowering interest rates encourages fresh business activity by reducing the cost of borrowing from banks. With more borrowing comes more investment, more jobs and more growth. But these are far from ordinary times. Banks, already burdened with bad consumer and commercial debts, are desperate to clean up their balance sheets and avoid risk - they are not eager to take on more risk by issuing new loans against the backdrop of a deteriorating business climate. American consumers, too, are trying to reduce household debt, so borrowing more money for a new car or to remodel the kitchen...

Author: /time Magazine | Title: Will the Fed's Rate Cut Help? The Japan Lesson | 10/30/2008 | See Source »

...relief of some in Obama's camp, an operation that runs on discipline, there have been fewer lampoonable episodes than many had expected when Obama tapped the man who had famously described him as "articulate and bright and clean and a nice-looking guy." Whereas McCain's pick of a running mate was a big move aimed at jolting the race, Obama had hoped instead to bolster his foreign policy credentials, give him a second chance with white Catholics and, above all, do no harm. And though some Obama allies had qualms about Biden's tendency...

Author: /time Magazine | Title: Hidin' Biden: Reining In a Voluble No. 2 | 10/29/2008 | See Source »

...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 »

...Clean Ayers? Claire Suddath's article "A Brief History Of: The Weathermen" might well have been written by the Obama campaign [Oct. 20]. It implied that Bill Ayers' terroristic activity was ancient history and that he reformed his ways long before his relationship with Obama. Quite the contrary: In 2001, Ayers said of his group's activities, "I don't regret setting bombs. I feel we didn't do enough." Not to report this salient fact was misleading and biased. Andy Horvath, Elverson, Pennsylvania...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

...sure, before I die, we will have in vitro meat. That will mean you take a couple of cells from animals and you grow meat in a lab. You can make a clean meat, no suffering, no disease. We have offered a $1 million reward to the first scientist able to come up with in vitro meat...

Author: /time Magazine | Title: 10 Questions for Ingrid Newkirk | 10/23/2008 | See Source »

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