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...speech to Germany's banking élite, Merkel also acknowledged that Europeans were under pressure to deal with the issue of toxic debt. "I am dying to see how the American model will work and whether private-sector incentives can actually sell the more difficult assets," she said skeptically. "But we can't dodge the issue because otherwise it will take far too long before the banks can return to their full strength...

Author: /time Magazine | Title: Why Berlin Says U.S. 'Bad Bank' Plan Is Bad | 3/30/2009 | See Source »

Foolishly Good Deal. San Francisco's two LEED-certified Orchard Hotels are offering rooms for a dollar starting April Fool's Day, for the entire month. You won't find this offer mentioned on the hotels' website, but if you hit the site at 10 a.m. on April 1 and type in the promotional code "Fool!" you can score one of the two $1 rooms offered each night in April. Once the 60 allotted rooms are sold out, the offer will be closed. Additional nights begin at $159. 466 Bush Street (Orchard Garden Hotel) or 665 Bush Street (Orchard Hotel...

Author: /time Magazine | Title: Rent This Hotel Room for $1. No Foolin'! | 3/29/2009 | See Source »

...euros, in an equal number of dollars, instead of the current 1-euro-to-$1.35 exchange rate. The hotel will also accept the one-to-one rate on food, drink and spa treatments. Rooms start at 134 euros, which will save you more than $45 a night by this deal's reckoning. Through Dec. 20, use the promotional code "dollar." Gran Via de les Corts Catalanes, 559, Barcelona...

Author: /time Magazine | Title: Rent This Hotel Room for $1. No Foolin'! | 3/29/2009 | See Source »

Scotch Trip. If you didn't get enough Celtic celebration on St. Paddy's Day, get ready for the Scottish version - Tartan Day - on Monday, April 6. To celebrate all things plaid, Drumscot Tours has a deal on a seven-day "Castles, Whisky and the Gathering" trip, which includes tours of a whisky distillery and castles and a Loch Ness boat trip, running July 20 to 27. If you book the tour on Tartan Day, you'll get 10% off plus complimentary tickets to the Gathering, an international get-together of the clans on the 250th anniversary of the birth...

Author: /time Magazine | Title: Rent This Hotel Room for $1. No Foolin'! | 3/29/2009 | See Source »

...also pondering the introduction of new laws to declare illegal membership in or association with particular clubs. "These groups are behaving like wild animals - uncivilized and with no regard for our community. If they behave like this, then we have no choice but to hunt them down and deal with them," an angry New South Wales police commissioner, Andrew Scipione, told reporters. Scipione has defended the police record in dealing with gangs. He says that in the past six months, 185 gang members and associates have been charged with 572 offenses, most of them related to violence, drugs and weapons...

Author: /time Magazine | Title: Outbreak of Biker Violence Leaves Australia on Edge | 3/29/2009 | See Source »

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