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...behalf of financials, so it was only going to be a matter of time before banks started to rise. Also, many investors have been so focused on the short term - all the recent steps taken by the Federal Reserve and the Treasury - that they have forgotten that the bank assist started in August of 2007 when the Fed cut the discount rate and opened the lending window to a wider list of financial companies. So this has been going on for a little less than two years. Typically when you see that type of extended intervention, and such an enormous...

Author: /time Magazine | Title: Stock Market: Why Are Financial Stocks Rallying? | 5/19/2009 | See Source »

...Chrysler did not make a single intelligent move as they told dealers that they would be closed. Customers and potential customers got to learn about what happened to the local GM or Chrysler franchise by reading it in the paper. The two manufacturers may have forgotten that many of the owners of dealerships are community business leaders in their hometowns. They may be a large part of the local tax base. They may go to church with the next twenty people who will buy cars in the town where the dealer is located. (See ten things you should know about...

Author: /time Magazine | Title: GM and Chrysler: The Revenge of the Car Dealers | 5/19/2009 | See Source »

...William Levada, his successor as Vatican doctrinal chief. "And he has also shown a fundamental sympathy that not even written words can have." But the Williamson affair was only the most recent episode in a series of gaffes and sour notes by the Pope. He seems simply to have forgotten Jewish concerns on a range of decisions regarding liturgy, sainthood and historical interpretation. In the case of SSPX, there is a distinct possibility that he knew full well he might offend Jews but went ahead anyway...

Author: /time Magazine | Title: Pope Benedict on the Question of Judaism | 5/18/2009 | See Source »

...wanted to build the new museum bigger and better, but the first goal was to remind young people of our glorious history, history that is being forgotten," says Alexander Laveikin, a deputy director of the museum and one of the first cosmonauts to have lived aboard the Mir space station. Besides serving as a memorial to the past, the museum, which reopened in March, is also part of a government effort to get young Russians interested in science and technology. "If five or 10 years ago, everyone wanted to be in business, now they are interested in technology...

Author: /time Magazine | Title: Can a Space Museum Help Russia Get Its Glory Back? | 5/17/2009 | See Source »

...interesting concept, could you speak a little bit about that? I had just done this hideous radio interview in Berlin for German public radio. At one point, I meant to say "Sieht so aus als haettest du all dein Deutsch vergessen," which means "I guess I've forgotten so much German." Only I misconjugated the verb vergessen to vergast, and when I came out of the interview, the publicist was a furious with me. Vergast is the past tense of the verb "to gas people to death." I even said Deutsch wrong - I put an r in it, which turns...

Author: /time Magazine | Title: Novelist Chuck Palahniuk | 5/12/2009 | See Source »

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