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...though, Britons heading to Europe are not exactly in a celebratory mood. Trips to Paris used to involve "a stroll around the shops to see if I could pick up some nice Parisian fashion," grumbles Jemima, a 35-year-old sales professional on her way to the French capital late one January afternoon. "But not now." Dashing to catch his train to Brussels, company director Andrew Cowgill thinks Britons have even begun "questioning whether they want to go" to Europe for vacation. (See 10 things to do in London...

Author: /time Magazine | Title: The Proud Pound's Fall from Grace | 1/27/2009 | See Source »

Timothy Geithner, you're on your own. If Geithner, who was confirmed as Treasury Secretary late Monday, plans on waiting until a consensus forms on what to do with the second half of the $700 billion bank rescue fund approved by Congress in early October, he may be waiting awhile. Economists, Wall Streeters and industry analysts are split on how best to spend what remains in the Troubled Asset Relief Program (TARP), which has done anything but offer relief...

Author: /time Magazine | Title: How to Stop the Banks' Bleeding: No Easy Choices | 1/27/2009 | See Source »

...policy experts advocated a plan to inject capital into the banks by buying preferred shares. The latter strategy would be quicker to implement and would do a better job of stimulating lending. Britain was instituting a similar plan, and it was already gaining praise. So Paulson balked, and by late October the capital-purchase plan was in place. The original TARP was dead in the water. (See the top 10 financial-crisis buzzwords...

Author: /time Magazine | Title: How to Stop the Banks' Bleeding: No Easy Choices | 1/27/2009 | See Source »

...financial pinch isn't the only reason McDonald's is winning fans in Europe - and in standoffish France in particular. According to Berger, after laboring for years in France with the greasy-spoon label imposed by detractors (as le mal bouffe, or junk food), the company has of late made very determined and demonstrative efforts to adapt menus, tailor to hygiene sensibilities and communicate with clients on dietary and nutritional questions that have long dogged its food. "It has introduced salads, begun using certain traditional French cheeses on burgers and told clients, 'Our food is good food...

Author: /time Magazine | Title: Supersizing Europe: The McDonald's Stimulus Plan | 1/26/2009 | See Source »

...couples' aromatherapy massage and later enjoy a candlelit evening turndown with flowers, champagne, finger food and chocolates. If you want to leave your upgraded room, the hotel will pack a gourmet picnic basket, or you can have afternoon tea at the hotel. Feel free to lounge, with a late 6 p.m. checkout. $920 per night. Through March...

Author: /time Magazine | Title: Valentine's Deals That You'll Love | 1/26/2009 | See Source »

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