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The latest news on the economy, though not positive, was at least benign, and that helped ease investor anxiety. Industrial production, reported Wednesday morning, is still declining, though the pace of decline is the slowest in eight months, adding another green shoot to the optimists' garden. A further boost to...

Author: /time Magazine | Title: Despite the Economy's Struggles, Stock Market Soars | 7/16/2009 | See Source »

If you have followed the 10-month crisis even minimally, you will know the fears that CIT's failure are fanning again. Analysts say insurers and other large investors could be hit with hundreds of millions of dollars in losses. Small businesses say they could be cut off from credit...

Author: /time Magazine | Title: In CIT Woes, Some See Restart of Financial Crisis | 7/16/2009 | See Source »

Until quite recently, that flexible approach appeared to be working pretty well. Congressional chairmen usually prefer having control to being told what to do by the White House. And interest groups and political adversaries that had been on opposite sides of past health-care battles were at the negotiating table...

Author: /time Magazine | Title: Time for Obama to Step In? | 7/16/2009 | See Source »

While new types of lending programs are slowly expanding credit to SMEs, things could get worse later this year. The overall boom in bank lending has increased the risk of bad loans that could come back to haunt the financial system and delay economic recovery. Some economists now say that...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

The intentions of Israel's leaders came under further question last week, when Prime Minister Benjamin Netanyahu's father, the historian Ben-Zion Netanyahu, told an Israeli TV interviewer that he had been told by his son that he did not support the creation of a Palestinian state. Despite Benjamin...

Author: /time Magazine | Title: Despite Jewish Concerns, Obama Keeps Up Pressure on Israel | 7/14/2009 | See Source »

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