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...books. The banks have been asking regulators and accountants for, and getting, relief from having to mark some of their assets to market prices because the markets for many debt securities are so clearly broken. But the prices prevailing in a smoothly functioning government-subsidized market will be hard to ignore. This has led to speculation in the economics blogosphere that banks might game the program by conniving with investors to overbid for assets. That's not inconceivable, but it would be hard to pull off. Which means banks may be headed for a shakeout...

Author: /time Magazine | Title: Separating Toxic Assets from Legacy Assets | 3/26/2009 | See Source »

...improve my focus, my center and my mind-body relationship. In short, I'm here because I live in L.A. and this is what we do. "Wellness centers are popping up in Los Angeles," says Narayan, a practitioner of what she calls sacred healing beauty. "Spas are having a hard time right now because they're only pampering. They're not addressing wellness. I bridge the gap between beauty and healing." To improve my wellitude, I'm trying the 90-minute Faceology, a $180 procedure you've probably never heard of because Narayan made it up. It's a combination...

Author: /time Magazine | Title: Spas Are So Yesterday | 3/26/2009 | See Source »

...awfully Christmassy. She massages that in and then applies a serum of aloe vera and jojoba oil. I'm feeling pretty great and really sleepy when Narayan tells me she is going to tap out my tension. This tapping, it turns out, isn't tapping as much as really hard, fast banging on the bones around my eyes, jaw and nose with a stone pestle, for about half an hour. I don't know if tension is leaving me, but it is definitely leaving Narayan...

Author: /time Magazine | Title: Spas Are So Yesterday | 3/26/2009 | See Source »

...take the Senators-only elevator, which, sadly, doesn't have any cool Senator stuff in it, and when we reach the seventh floor of the Hart Office Building and walk into Tester's new office, it is hard not to feel like a family that's gotten picked for the bizarro version of Extreme Makeover: Home Edition, in which people come to your house and, in just 48 hours, make it look like crap. Whereas once Tester had high ceilings and period details, now he has cubicles and modular furniture. It's just not Senator-worthy. Tester notices my disappointment...

Author: /time Magazine | Title: Moving On Up: The Senate Shifts Offices | 3/26/2009 | See Source »

...thing about being optimistic, though, is that it takes hard work - and that's a drag. It's an active process, say psychologists, through which you force yourself to see your life a certain way. Indeed, the leading optimism and happiness experts consider themselves born pessimists. But if they have learned over time and with lots of practice to become more hopeful, take heart...

Author: /time Magazine | Title: A Primer for Pessimists | 3/26/2009 | See Source »

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