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...nation since its dedication by President Grover Cleveland in October 1886. The 225-ton monument arrived a year earlier in 214 crates as a gift from France. Including her pedestal and foundation, Lady Liberty reaches 305 feet; her index finger measures eight feet long, tipped by a 13-inch fingernail. Designed by French sculptor Frederic-Auguste Bartholdi to celebrate the centennial of the Declaration of Independence, the statue's $250,000 tab was covered via donations, a French national lottery and a benefit concert at the Paris Opera, among other things. America, in return, was responsible for the statue...

Author: /time Magazine | Title: The Statue of Liberty | 5/12/2009 | See Source »

...stress tests look mild. At this point in time, banks are still facing well over $1 trillion in losses over the next couple of years, even if low short-term interest rates make new loans very profitable. Moreover, according to RGE Monitor, real U.S. GDP growth will inch back into positive rates only toward the end of 2009 rather than at the beginning of the second half the year. That spells ongoing problems among borrowers...

Author: /time Magazine | Title: What the Stress Tests Didn't Tell Us | 5/8/2009 | See Source »

...first reaction to this news was shock. Sometime after I backed into a stump, but definitely before I clipped the neighbor's garage-actually it was around the time the babysitter somehow creased a perfect inch-deep furrow along the entire passenger side, headlight to brake light-I stopped thinking of the van as having any monetary value whatsoever. I resolved to drive it for at least 10 years, or until I developed a capacity for shame, whichever came first. At which point I would pay someone to take it off my hands...

Author: /time Magazine | Title: My $4,500 Lemon: Taking the Feds Up on Cash For Clunkers | 5/8/2009 | See Source »

...family vacation. The crayon mural across the backseat. The permanent apple-juice glaze at the bottom of the cup holders. The energetic scribble engraved with mommy's keys in the car door. The Cinderella stickers fused to the back window. We have stories, and memories, to match every disgusting inch of that...

Author: /time Magazine | Title: My $4,500 Lemon: Taking the Feds Up on Cash For Clunkers | 5/8/2009 | See Source »

...along with its most beloved Italian cousin, gelato, in 28 house-made flavors - including the creamy, addictive nutella. The pizza "pies" are shaped like small surfboards, with crusts mixed from imported Neapolitan flour and sinful strutto, a rendered pork fat. Once sauced and baked, they're sold by the inch - 99 cents to $1.50 per inch, three-inch minimum. Early hits include the mozzarella-only Biancaneve...

Author: /time Magazine | Title: Posh Slice: Pizza, a Budget Staple, Goes Upscale | 5/8/2009 | See Source »

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