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...Angeles and Melbourne for $1,078. Book by Jan. 19, 2009, for high-season travel between Jan. 29 and April 30, 2009, or June 9 and Sept. 21, 2009. If you travel between May 1 and June 8, 2009, the start of the southern hemisphere's winter, fares drop about...

Author: /time Magazine | Title: Travel News: Madrid Calling (and Other Cheap Deals) | 12/29/2008 | See Source »

...with the Iraq's government gearing up to take the reins militarily in 2009, Iraqi officials across the political spectrum are seeing the glass as half full. "I assure you this number will drop sharply the moment the Americans withdraw their troops. That also goes for violence in general," says Ahmed Hassan al-Massoudi, a member of parliament aligned with radical Shi'ite cleric Muqtada al-Sadr. "I don't think 9,000 is a reason to worry, because you can see these numbers in other civilized countries," says Ahmed Bassam Mohammed, a police lieutenant and former member...

Author: /time Magazine | Title: Iraq Report: Civilian Deaths Decrease | 12/27/2008 | See Source »

...Boston Fed piece came out, two finance professors at Harvard Business School, David Scharfstein and Victoria Ivashina, wrote a paper called "Bank Lending During the Financial Crisis of 2008." Scharfstein and Ivashina focused in on a database of new loans made to large corporations and documented a 36% drop during August-October 2008, as compared with the three months prior. They, too, argued that drawn-downs were artificially inflating overall lending figures. Yes, there was lending, but it was involuntary, and often to struggling companies - like GM and Tribune - that banks might not otherwise give money to. "If credit lines...

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

...Another retail group, the International Council of Shopping Centers, reported on Tuesday that same-store sales in November and December may drop as much as 2%. That is more than the previously projected 1% decline and would make this the worst Christmas sales season since...

Author: /time Magazine | Title: No Relief from the Christmas Gloom for Retailers | 12/24/2008 | See Source »

When temperatures drop, the culture wars heat up. For many, Christmas isn't just a time to count blessings with friends and family, don loud sweaters and pound eggnog - it's a season so vital that defenders of the faith must remain vigilant lest it be desecrated. "Christmas is under attack in such a sustained and strategized manner that there is, no doubt, a war on Christmas," wrote FOX News host John Gibson in his eponymously titled 2005 book, The War on Christmas: How the Liberal Plot to Ban the Sacred Christian Holiday Is Worse than You Thought...

Author: /time Magazine | Title: The War on Christmas | 12/24/2008 | See Source »

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