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...worry is that problems at the banks will restrict credit and make it harder for businesses to grow and individuals to spend. That could put the brakes on the economic rebound. What's more, the continued loan losses at the banks show that individuals and companies are still having trouble paying their bills and meeting their debt obligations. Lastly, the losses at the banks, at a time when the government is offering significant stimulus to the financial sector, suggest that the firms remain far from fixed...

Author: /time Magazine | Title: Bank Earnings: Economic Woes Persist | 1/20/2010 | See Source »

...both physicians, the biggest mystery may be the power of cocaine addiction itself. Some of Graf's patients waited months before seeking help, as patches of painful, blackened skin continued to grow - and some continued to use cocaine despite learning that it caused their immune problems and that they could require plastic surgery to avoid permanent disfigurement. Zhu has treated several patients with life-threatening infections, some needing breathing tubes and intensive care. "It's quite sad - every time they use [cocaine], it happens. They wind up in the hospital for several weeks and almost die. But as soon...

Author: /time Magazine | Title: A Common Cut in Cocaine May Prove Deadly | 1/20/2010 | See Source »

...With its wings clipped, JAL hopes for smooth progress under the ETIC. There will be no disruption in the payment of leasing fees or credits, and the airline will continue to honor frequent-flyer mileage and tickets. But some analysts wonder if JAL can continue to grow as a business during such a massive restructuring. Yasuhiro Matsumoto, senior analyst at Shinsei Securities in Tokyo, says he's split between whether bankruptcy and ETIC help is the best path for the airline. "It's clear that there's government support, but we don't know the future of JAL's business...

Author: /time Magazine | Title: Japan Airlines Files for Bankruptcy | 1/19/2010 | See Source »

...being sold with increasing frequency and success at auctions and galleries in Hong Kong, Singapore, London and New York City. Mok Kim Chuan, the head of Southeast Asian art at Sotheby's, calls it a nascent boom with room to run. "It took 20 years for Indonesian art to grow to where it is now in the market," he says. "The Philippines has only just started...

Author: /time Magazine | Title: From Spanish to Surreal | 1/18/2010 | See Source »

...others, India's movie-mad audiences are a vital growth market. Domestic box-office revenues are expected to grow from their $2.5 billion today to over $4 billion in 2012, according to a 2009 entertainment-industry report by the Federation of Indian Chambers of Commerce and Industry and the accounting and consulting firm KPMG. In the past, American studios operating from the Bollywood capital of Mumbai were limited by relatively few outlets; in 2005, there were only 13,000 single-screen cinemas in a country with 1.2 billion people. But India's real estate boom and 9% economic growth rate...

Author: /time Magazine | Title: Hollywood Meets Bollywood: Finally, a Love Story? | 1/15/2010 | See Source »

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