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...necessary to limit the damage. The Federal Reserve and Treasury Department are considering a number of options. The alternative is last week's bankruptcy of General Growth Properties, the nation's second largest shopping-center group, which could not refinance, even though many of its properties have positive cash flow...

Author: /time Magazine | Title: The Looming Crisis in Commercial Real Estate | 4/22/2009 | See Source »

...resembles it in limb proportions, the shape of the bony pelvis, the hands." Adds paleoanthropologist Donald Johansen, who discovered the Australopithecus Lucy: "It is a possibility they got out of Africa earlier than we ever thought. If they were isolated on an island and didn't have gene flow from other populations, it would make sense that they retained ancient features like small stature and small heads...

Author: /time Magazine | Title: The Hobbit: Out of Africa | 4/21/2009 | See Source »

...Fitch, Inc., follows a “corporation-paid” model, in which the corporation issuing a security pays for Moody’s to rate that security. This creates a conflict of interest. Since rating agencies want to keep a steady flow of business, they have good reason to overrate securities and make their customers—the issuers—happy. Indeed, rating agencies in the past have given collaborative feedback to issuers to such an extent, some argue, that their ratings were no longer objective...

Author: By Noah M. Silver | Title: Risky Business | 4/21/2009 | See Source »

...divided into an opening and four subsequent parts strikingly offset by the change in colors of the background. The combination of the skillfully composed gamelan music and visually appealing dancing influenced by South Asian traditions coalesced beautifully together. Some of the dancing, however, seemed to lack the effortless flow and clear-cut motion that is required of such a piece. The much-anticipated United States premiere of “The Rite of Spring” choreographed by Jaime Blanc, one of the most highly regarded dancers in Mexico, was by no stretch of the imagination the supposed highlight...

Author: By Matt E. Sachs, CONTRIBUTING WRITER | Title: ‘Rite’ Isn’t Quite Right Without Innovation | 4/21/2009 | See Source »

...With Japan's unemployment rate on the rise - it reached a three-year high of 4.4% in February - the government is frantic to find solutions to stanch the flow of job losses and to help the unemployed. The virtual collapse of Japan's export-driven economy, in which exports have nearly halved compared to the first two months of last year, has forced manufacturers to cut production. Temporary and contract workers at automotive and electronics companies have been hit especially hard. Hamamatsu has 18,000 Brazilian residents, about 5% of the total in Japan, and is home to the nation...

Author: /time Magazine | Title: Japan to Immigrants: Thanks, But You Can Go Home Now | 4/20/2009 | See Source »

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