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...Though it's far too early to measure the full impact of the financial turmoil, some distressing signs have already crept onto the field. Because of worries about the U.S. economy, the NBA is eliminating about 80 jobs, or 9% of the league's workforce, and it shuttered its Los Angeles office. Commissioner David Stern has predicted a "modest" decline in season-ticket sales, though sales in some markets, like Houston, are strong. "I will say that corporate sponsors are a bit later than usual coming to the party," says Houston Rockets CEO Tad Brown. "That's the one area...

Author: /time Magazine | Title: Can Sports Avoid This Recession? | 10/23/2008 | See Source »

...Guildhall, which is where the City administration is based, policy head Stuart Fraser talks about his 45 years of experience there and says, "You just have to sit it out. It recovers." But he acknowledges that "it's a painful process, and we are only at the beginning." The impact won't be felt across the board. Barring a financial cataclysm, London will retain its position as Europe's preeminent financial center. Some wealth management may migrate to Singapore or Dubai, rapidly emerging regional centers, and some of the back-office jobs that are cut may never return...

Author: /time Magazine | Title: London Falling | 10/23/2008 | See Source »

...measure of the Democrats' confidence--and of most poll data--that Obama's need to visit his ailing grandmother in Hawaii prompted almost no party anxiety about the potential impact of his absence from the trail...

Author: /time Magazine | Title: The Page | 10/23/2008 | See Source »

McCain's failure to move the needle in the four key states likely reflects, in part, the fact that his latest attacks on Obama are not having much impact. Although a majority of voters in Virginia, Ohio and North Carolina had heard of Ayers and ACORN, less than one-third of voters said such issues would affect their votes...

Author: /time Magazine | Title: Obama Holds Lead in Key States | 10/22/2008 | See Source »

Though initially skeptical about the offensive, U.S. military officials now believe the battle in Bajaur is having an impact, not least because it is sucking in militants from around the region. Pakistani officials say the number of attacks in Afghanistan's Kunar Province, across the border from Bajaur, has gone down in the past few weeks, as militants head to Pakistan to help their brothers there. (Coalition officials in Afghanistan say they have noticed no change in activity in Kunar...

Author: /time Magazine | Title: The US vs. Pakistan: With Friends Like These | 10/22/2008 | See Source »

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