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After Wall Street stabilized in the spring, it didn't take long for the economy to become a political afterthought to the major battle of the year in Washington: health-care reform. But Tuesday's off-year election broke D.C.'s political trance like a brick through plate glass. Republicans triumphed in two major gubernatorial races, thanks largely to independents fleeing Democrats over economic worries. Suddenly every politician in town cares about the economy more than anything else. (See TIME's special "Out of Work in America...

Author: /time Magazine | Title: Unemployment Rises to 10.2%, Stoking the Economic Debate | 11/6/2009 | See Source »

Despite being built in a series of caves, L'Hotel in Pietra is an airy boutique property where the rooms, which start at around $160 a night for a double, feel like private archaeological museums. In one suite, glass is embedded in the floor so guests can peer down into the medieval water-storage chamber, and a rain shower is built into the cave walls. Carefully placed lighting and thoughtful details, like the words "Dear Guest" stitched in Portuguese on the bed linen, warm these ancient stone rooms - and make the fact that livestock used to have...

Author: /time Magazine | Title: L'Hotel in Pietra: Rock Star | 11/4/2009 | See Source »

...Baba and Nyona Heritage Museum There aren't any dusty glass cases or velvet ropes at this museum, tel: (60-6) 283 1273. Instead, beautifully recreated interiors invite you to walk through the daily life of a rich 19th century Peranakan family, led by guides in period costume. You'll feel like you're snooping around in someone's home and that the residents have merely wandered upstairs or into a back room for a moment. What other museum insists you take off your shoes before exploring...

Author: /time Magazine | Title: Going Strait in Malacca | 11/4/2009 | See Source »

...allow them to fail. I don't know exactly how to do this - does anyone? - but that's how we solve the problem of letting the small fry fail while saving the wounded whales. Perhaps, as many have urged lately, we can start by reviving elements of the Glass-Steagall Act that kept old-fashioned banks out of the far riskier investment business. And out of big trouble. As we've seen, most of the giant rescued institutions didn't understand their problems until it was too late, so how do you expect a regulator to see trouble coming...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...same courthouse in Dresden where the killing took place. The 28-year-old defendant wore a cap, a dark blue hooded top and sunglasses to conceal his face as he was led into the courtroom, flanked by police officers, and seated behind a screen of bulletproof glass. Prosecutors then described how el-Sherbini, 31, was attacked. The pharmacist had appeared in court on July 1 to testify in a hearing against Alex W., who was appealing an earlier conviction for defaming el-Sherbini by calling her an "Islamist" and a "terrorist" on a playground. Prosecutors say that after el-Sherbini...

Author: /time Magazine | Title: The 'Headscarf Martyr': Trial of the Century for Muslims | 10/28/2009 | See Source »

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