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...That's easier said than done when the stock market's evolution is so central to a global economy facing a slow-down - or possible recession. And as this week wound down, observers of both markets and wider economies seemed uncertain whether to applaud or cry. Following dismal sessions Wednesday and Thursday, activity on Asian indices Friday was mixed, with Toyko's Nikkei up 2.2% aside more modest gains in Singapore and China. Hong Kong's Hang Seng remained flat, however, while South Korea and Australia slightly slumped. Inspired by that trend - as well as Wall Street's rebound from...

Author: /time Magazine | Title: Global Markets: Is Volatile the New Normal? | 10/17/2008 | See Source »

...lining up outside IndyMac branches after you took over that bank in July? IndyMac was a real wake-up call for us. It saddened me. People were waiting hours and hours in line, and they didn't need to. They could write checks, use their ATM cards. We have done a lot of public education since then, and we have Suze Orman who has done some PSAs for us. I think we've got people calmed down...

Author: /time Magazine | Title: Q&A: The FDIC's Boss on Banks, Loans and Credit | 10/17/2008 | See Source »

...Pittsburgh Steelers. A survey of 400 likely voters conducted by Rooney's campaign in early September gave Mahoney a 48-41 lead, with a margin of error of plus or minus 4 points. In a district where Republican registrants still lead Democrats by 41% to 37%, Mahoney has done his best to sell himself as a moderate Democrat, picking up an endorsement from the National Rifle Association. But Republicans had already targeted Mahoney as a vulnerable incumbent, especially since he won the Foley seat by only 4,000 votes. Vice President Dick Cheney flew into town last month...

Author: /time Magazine | Title: Mahoney's Florida District Has Sex-Scandal Déjà Vu | 10/16/2008 | See Source »

...Mahoney's done himself no favors, Watson said. "Mahoney has handled this really badly. Embarrassing. Textbook how not to do it." Other politicians have met continued success after admitting their personal or professional flaws. Why doesn't Mahoney question the fact that his phone conversation was recorded, or that the tape released by ABC is incomplete? "If there's some legal, complicated knots and scenarios here, I'd advise him to say it's not the right time to talk," Watson said. But if not, "why not come clean...

Author: /time Magazine | Title: Mahoney's Florida District Has Sex-Scandal Déjà Vu | 10/16/2008 | See Source »

...embarrassing himself and his wife and daughter. Mahoney insists he's broken no laws, as the money came from personal funds and not campaign or taxpayer money. And he'll stay in the race. "I've tried my best. I've been a good congressman. I haven't done anything wrong," Mahoney said...

Author: /time Magazine | Title: Mahoney's Florida District Has Sex-Scandal Déjà Vu | 10/16/2008 | See Source »

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