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...mattered most. One was that almost all indications show credit tightening, "Unless we start seeing a reversal of the widening of a lot of these credit spreads, any equity rally is going to be short-lived," said David Lutz, managing director of institutional trading at Stifel Nicolaus, in an interview with CNBC...

Author: /time Magazine | Title: Should the Market Ever Go Up 7% in a Day? | 3/11/2009 | See Source »

...Others seem to be coming around to the banking industry's position. On Tuesday, Federal Reserve Chairman Ben Bernanke said he would support changes in pricing illiquid assets. Also this week, investor Warren Buffett said in a CNBC interview that he would favor suspending the mark-to-market rules. Even the Securities and Exchange Commission (SEC), which has long backed these rules, recently asked the Financial Accounting Standards Board (FASB), a private group based in Norwalk, Conn., that sets accounting rules in the U.S., to look into the matter. FASB spokesman Neal McGarity says his organization is doing that...

Author: /time Magazine | Title: Will a Mark-to-Market Fix Save the Banks? | 3/11/2009 | See Source »

...talk to the kid stars of Slumdog Millionaire. Their lives are making the gossip columns and headlines in their native India - and overseas. Azhar was reportedly slapped by his father when the boy, begging fatigue from traveling back from the Academy Awards in Hollywood, refused to give an interview his father had apparently promised. (Both were penitent afterward: Azhar said he had been "naughty," according to the Times of India, and reiterated that his father loved him; his father said, "I feel sorry now.") Meanwhile, Rubiana is supposedly in the middle of a custody tug-of-war between her biological...

Author: /time Magazine | Title: What Will Happen to Slumdog's Child Stars? | 3/10/2009 | See Source »

...only girl in the Salaam Bombay! group, has married and now lives in Bhayandar, a western suburb of Mumbai. Meanwhile, Shafiq Syed, the lead child actor of the movie, led a roustabout life for years before ending up as an auto-rickshaw driver in Bangalore. Syed gave an interview to an Indian paper the week after Slumdog's Oscar victory, saying, "I roamed the streets of Mumbai, knocked on the doors of producers for nearly eight months, but luck did not smile. In 1993, I returned to Bangalore and began life anew. I've three children who are studying...

Author: /time Magazine | Title: What Will Happen to Slumdog's Child Stars? | 3/10/2009 | See Source »

...contain the Taliban's advance. That's only half the number requested by U.S. commanders there; the President is awaiting the completion of a strategy review (the third since the U.S. invaded Afghanistan in late 2001) before committing to a new plan. And his comments on Saturday, in an interview with the New York Times, suggest that reconciliation with elements of the Taliban may be a key part of that strategy. For many observers on the ground, however, proposing negotiations and compromises while the Taliban is militarily in an ascendancy sounds like capitulation. (See pictures from the front lines...

Author: /time Magazine | Title: Talking with the Taliban: Obama Draws Skepticism | 3/10/2009 | See Source »

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