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...Standard & Poor's in London. "We think they've taken measures to pull in their horns, but it is a bit of a stretch to say they're immune from the environment." StanChart executives insist that their carefully managed loan portfolio can withstand the recession better than some expect. Though they did see a spurt of losses from bad loans while the financial crisis was roaring, managers say the situation improved in early 2009. "There is no direct correlation with macro numbers and the individual bank," says Bindra...

Author: /time Magazine | Title: Position Player | 6/29/2009 | See Source »

...diarists approach their subject like anthropologists, engaged in rational inquiry into an alien culture and the nature of nurture. Thus I learned from Apple things I never knew from reading What to Expect When You're Expecting, like the Stalinist roots of Lamaze and the fact that in the 1st century Pliny the Elder recommended that women in labor drink goose semen mixed with water to ease the process along...

Author: /time Magazine | Title: Parenting Advice: What Moms Should Learn From Dads | 6/29/2009 | See Source »

...expect government intervention on the demand side - through education campaigns, tax incentives or targeted subsidies - to rein in our cravings. But in the energy arena, several states have already proved that rationalizing incentives on the supply side can transform the landscape. In most of the country, per capita electricity use has increased about 50% during the past three decades - despite conservation programs, efficiency incentives and the general rise of green. But in California and the Pacific Northwest, where state legislatures decoupled utility profits from sales volumes, electricity use has been flat. Instead of an incentive to sell more power...

Author: /time Magazine | Title: The Key to Fixing Health Care and Energy: Use Less | 6/29/2009 | See Source »

...church didn't know what to expect from the first-time event, said member Charles Hinckley, a former pastor who carried a Smith & Wesson .380, but it went off smoothly. Video cameras were prohibited on church grounds, forcing news crews to do stand-ups beyond the entrance to the church's long parking lot, and still photos were restricted to one pool photographer...

Author: /time Magazine | Title: The Day that Guns Came to Church in Louisville | 6/28/2009 | See Source »

...passage of any new taxes in California - an insurmountable obstacle built on populist allergy to any kind of new levy. Beholden to a tax-averse electorate, the state's liberals and moderates have attempted to live with Proposition 13 while continuing to provide the state services Californians expect - freeways, higher education, prisons, assistance to needy families and, very important, essential funding to local government and school districts that vanished after the antitax measure passed...

Author: /time Magazine | Title: The Legacy of Proposition 13 | 6/27/2009 | See Source »

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