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...Binion's Horseshoe [now called Binion's Gambling Hall & Hotel]. It was more of a reunion; you knew everybody who came. When we weren't playing, we got together [socially]. Now I don't know anybody, and the whole thing is so big I wouldn't be able to find my friends...

Author: /time Magazine | Title: Q&A: Poker Legend Doyle Brunson | 7/2/2009 | See Source »

...also ballooned Porsche's debt to $12.5 billion. Under normal circumstances, Porsche would have no trouble financing that debt - its VW stake alone is worth about $50 billion - but in the current economic crisis, even a company as rich as Porsche can no longer snap its fingers and find the money. (Last year, thanks to windfall gains from the option-trading strategy, its profits before taxes of $11.6 billion were actually larger than its total revenues from sales of $10.2 billion...

Author: /time Magazine | Title: Why VW and Porsche are On a Collision Course | 7/2/2009 | See Source »

...business, a multimillion-dollar industry that provides child care (not to mention a break for beleaguered parents) for more than 3 million campers every year. But much like buying a car or choosing a college, this year parents have been more apt to shop around and try to find the best deals. "We've seen a great increase in parents going to camp fairs," says Peg Smith, executive director of the American Camp Association. "We think that is encouraging, because generally the last dollar a parent is going to cut will be one they spend on their children...

Author: /time Magazine | Title: The Recession Hits Summer Camp | 7/2/2009 | See Source »

...There's a 'sleeper effect' to divorce that we are just beginning to understand," says David Blankenhorn, president of the Institute for American Values. It is an effect that pioneering scholars like McLanahan and Judith Wallerstein have devoted their careers to studying, revealing truths that many of us may find uncomfortable. It's dismissive of the human experience, says Blankenhorn, to suggest that kids don't suffer, extraordinarily, from divorce: "Children have a primal need to know who they are, to love and be loved by the two people whose physical union brought them here. To lose that connection, that...

Author: /time Magazine | Title: Is There Hope for the American Marriage? | 7/2/2009 | See Source »

...Such examples of excessive investor ardor for new Chinese stocks aren't hard to find. Shares of Chinese water-treatment-equipment supplier Duoyuan Global Water soared 37% on June 24, its first day of trading on the New York Stock Exchange. Back in Hong Kong, Chinese thenardite producer Lumena Resources (thenardite is a key ingredient in powder detergents, textiles, glass, chemical feedstock and pharmaceuticals) rang up 19% in gains on June 17. On June 22, the IPO of China Metal Recycling closed 22% higher. (See pictures of China's infrastructure boom...

Author: /time Magazine | Title: Is a China Stock Bubble Forming? | 7/1/2009 | See Source »

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