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Wednesday's stronger-than-expected data on durable-goods orders (up 3.4% in February, but from a January number that had been revised downward) was a "slim silver lining on the horizon," UniCredit Research economist Harm Bandholz wrote in a note to clients. But, he was quick to point out, "investment and exports continue to plummet." (Read "How to Know When the Economy Is Turning...

Author: /time Magazine | Title: Is the Economy Starting to Recover? Or Just Less Bad? | 3/26/2009 | See Source »

...Reilly Factor is A Bold Fresh Piece of Humanity New York Mayor Michael Bloomberg is one of the most generous men in America. By donating millions to charity each year, he sets an example and elevates the political landscape. He is firm without being mean, effective without doing harm. He is devoting his life to helping others...

Author: /time Magazine | Title: The TIME 100 | 3/26/2009 | See Source »

...uncertainty is stoking fears of backsliding to an era when private colleges were the ivy-covered province of the privileged. Skidmore assistant director of admissions Marisa Ferrara fielded her first ever requests this year from parents rescinding financial-aid applications at the eleventh hour for fear that they would harm their children's chances of getting in. "They're feeling this guilt," Ferrara recalls of a phone call with one such parent. "You could almost hear it in this mother's voice, saying, 'I'll do anything. I don't want my kid not to get in because of needing...

Author: /time Magazine | Title: Colleges Face a Financial-Aid Crunch | 3/26/2009 | See Source »

...supposed to be unemployed last week, aimed high. He asked that Treasury to be given the power to essentially liquidate large non-bank financial institutions. The department would have the ability to seize a company like AIG, sell its assets, and manage its business to do as little harm to the global financial system as possible. All of this would be accomplished using taxpayer money, but there was no way for Geithner to come up with a more attractive alternative for funding the future initiative...

Author: /time Magazine | Title: Timothy Geithner's Transformation | 3/25/2009 | See Source »

...Longtime naked hiker Grottenpösch says the possibility of a new penal code (no pun intended) makes his flesh crawl. "Some people may see nudity as indecent, but what harm does it do to public security and order?" he asks, adding that he has already convened about a dozen other nude-hiking aficionados to devise legal action. If the law passes, "we will sue Appenzell," he says, vowing to take the case all the way to the Federal Court - Switzerland's highest judicial authority...

Author: /time Magazine | Title: Another Reason to Visit Switzerland: Hiking in the Nude | 3/24/2009 | See Source »

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