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...mood on June 15 was further darkened by newly released data from the Federal Reserve Bank of New York. The bank's Empire State Manufacturing Survey showed a sharp decline for May, reflecting further weakness in new orders. That news came on the heels of grim tidings from the head of the International Monetary Fund, which noted on June 15 that the worst phase of the global recession may be yet to come...

Author: /time Magazine | Title: A Stock-Market Pullback: Is the Recovery Stalling? | 6/16/2009 | See Source »

...article as evidence that Art wasn't very contrite about what he had done. Do you feel any responsibility for the punishment he received? The article raised his profile quite a bit, and probably assisted in him getting caught [a second time]. I do think it went to his head a little bit, but it was a choice he made to go back. I didn't feel responsible in any way for what he had done...

Author: /time Magazine | Title: The Art of Counterfeiting Money | 6/15/2009 | See Source »

...Increasing public scrutiny of the tobacco industry finally came to a head in 1964 when the U.S. Surgeon General, Luther Terry, released his Advisory Committee Report on Smoking and Health. The staggeringly comprehensive report was based on more than 7,000 scientific studies linking smoking with lung cancer, emphysema and other diseases. The report led a surge in restrictive legislation, including mandatory warning labels on packages and a ban on advertising on radio or television. Tobacco companies in return simply changed strategy, advertising to younger markets with candy cigarettes and mascots like Joe Camel - whom a 1991 study found...

Author: /time Magazine | Title: Cigarette Advertising | 6/15/2009 | See Source »

Lady Liberty's Head Reopens. Tickets to climb to the crown of New York City's Statue of Liberty, which has been closed since 9/11, went on sale last weekend. The $3 tickets can be reserved up to one year in advance and can be combined with ferry tickets, which cost $12 for adults and $5 for children. Buy them through the ferry operator, Statue Cruises or call 877-LADY-TIX (877-523-9849). Be aware that no elevator was added to the site, so get ready to climb those 354 steps on your...

Author: /time Magazine | Title: Cowboy Up! Rugged Western Trips for Office Drones | 6/15/2009 | See Source »

...election result likely to prompt street protests and provide ammunition to hawks in the West, it also affirmed a challenge to much of the Islamic Revolution's established political class. Ahmadinejad branded the entire revolutionary establishment as feckless and corrupt, prompting appeals to Khamenei from former President Hashemi Rafsanjani, head of the Assembly of Experts, who was one of Ahmadinejad's chief targets. But he and others got little sympathy for their complaints that the president's attacks undermined the legitimacy of the revolution itself. Some tartly pointed out that since Khamenei himself was president from 1981 to 1989, Ahmadinejad...

Author: /time Magazine | Title: Khamenei: The Power Behind the President | 6/15/2009 | See Source »

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