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...rejuvenated alleyways of the Poplar Lane and High Street heritage districts. In the area south of Lichfield Street (or simply SOL), lively venues like the Base dance club, www.thebase.co.nz, and Fat Eddie's jazz bar, www.fateddies.co.nz, rock their respective houses. Pub server Debbie Cartwright says "all ages hang together comfortably." Bryan Pearson, who manages local conference venues, thinks of Christchurch's navigable dimensions as a boon. "We have most of the benefits and amenities of a major city, with the essence of a village," he says...

Author: /time Magazine | Title: When You're in Christchurch | 5/28/2009 | See Source »

...this sort of all-American cachet. It's kind of like baseball and apple pie. It's also something that anybody can try, sort of like playing Scrabble - it's easy to get the hang of. And these kids are right at an age where they're like adults, but they're not adults, and they don't have a game face, so it's fun to watch them. You can read the storms, watch the sun come out - you can see all that on their faces when they get a word...

Author: /time Magazine | Title: Spelling Bee Pronouncer Jacques Bailly | 5/26/2009 | See Source »

...remains "unchanged," it's because the North hasn't given Obama even the slimmest reed on which to hang an alteration in policy. Is it possible that today's nuclear test will finally convince diplomats that the North Korea they see is the one they get; that perhaps, on the question of nukes, it simply can't be bribed? North Korean leaders have long cited the year 2012 as being particularly significant for their country. It will mark the 100th anniversary of the birth of Kim Il Sung, the nation's founder and Kim Jong Il's father and predecessor...

Author: /time Magazine | Title: North Korean Nuke Test: What Good Is Diplomacy? | 5/25/2009 | See Source »

...larger banks did, regional banks made hundreds of billions of dollars in real estate loans. The smaller banks, though, lent mostly to commercial developers and home builders who, as business owners, have been able to hang on longer than the typical strapped consumer. But now that the recession is 16 months and counting, developers are facing the same problems that individual homeowners began facing two years ago. With vacancies in malls and office buildings around the country on the rise, more and more developers will be unable to pay their mortgages. And as those loans go bust, so too will...

Author: /time Magazine | Title: Financial Woes Spread to Smaller Banks | 5/22/2009 | See Source »

...their low. Now they are about 12%. I believe the financial sector will rise back to 13% to 15%, which means the portfolio-readjustment buying isn't finished. But take note, the sector has had very big moves recently, and not all banks will be able to hang on for the next leg of this...

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

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