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Many credit BABs with reviving the muni-bond sector. Since the program was announced in mid-February, muni-bond interest rates, which are what local governments have to pay to borrow, have fallen dramatically. The typical municipality is now paying 3.7% when they issue a bond, down from as high as 4.5% in January, before the BABs program was announced, according to Barclays Capital. Some of the drop in yields reflects the improvement in the economy in general, and the easing of the credit crunch. But muni-bond-market observers say BABs have played an important role as well...

Author: /time Magazine | Title: A Stimulus Success: Build America Bonds Are Working | 11/17/2009 | See Source »

...once the star of the French government and an icon of racial diversity near the summit of power. But now Rama Yade - the Senegal-born minister whom President Nicolas Sarkozy once called "my Condi Rice" - has angered her boss, alienated colleagues and fallen into such disgrace that her ejection from the cabinet is virtually certain during a shake-up next spring. About the only thing not failing Yade these days is public opinion - which continues to rank the outspoken 32-year-old higher than any of the politicians now yearning for her ouster...

Author: /time Magazine | Title: The French Government's Minority Problem | 11/17/2009 | See Source »

...still hasn't fallen even with the levels of summer 2008. So why all the hullabaloo? Why the sky-is-falling talk? Part of it is political. When you hear Republicans trying to pin the dollar's troubles on the Obama Administration, for example, it's worth remembering that the dollar has been on a downward trend since 2002. There's also a noisy colony of goldbugs and other Cassandras who are always predicting the dollar's demise...

Author: /time Magazine | Title: The Dollar in Danger | 11/16/2009 | See Source »

...millions of others at risk. On the Thai-Cambodian border, a rogue strain of malaria has started to resist artemisinin, the only remaining effective drug in the world's arsenal against malaria's most deadly strain, Plasmodium falciparum. For six decades, malaria drugs like chloroquine and mefloquine have fallen impotent in this Southeast Asian border area, allowing stronger strains to spread to Burma, India and Africa. But this time there's no new wonder drug waiting in the wings. "It would be unspeakably dire if resistance formed to artemisinin," says Amir Attaran, a professor of law and medicine...

Author: /time Magazine | Title: In a Malaria Hot Spot, Resistance to a Key Drug | 11/14/2009 | See Source »

...begins with a single, insistent guitar riff and then proceeds to build with electronic synths, gunshot drums, and Carrabba’s voice nervously fluttering above the ruckus as he pleads. “I know you’ll get me right / Oh Jesus, I’ve fallen.” The song’s religious overtones do not quite fit with the remainder of the adolescent-themed album, but thrown listeners will feel right at home as the record then effortlessly transitions into a somewhat predictable pop-punk nugget, “Until Morning...

Author: By Zachary N. Bernstein, CONTRIBUTING WRITER | Title: Dashboard Confessional | 11/13/2009 | See Source »

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