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...reverse auction, where holders of bad loans will compete to sell them to Treasury at the lowest cost to taxpayers. And he has to figure out how to extract from sellers not just complex debt vehicles like mortgage-backed securities but also plain old faltering home loans with local banks, without vacuuming up every loan in the country. If these approaches don't work, Kashkari and the rest of Paulson's team will need a Plan B. And fast. It's a tough assignment for a temp...

Author: /time Magazine | Title: Whiz Kid, Hot Seat | 10/9/2008 | See Source »

...Ondes Martenot to harps and an acrylic doodad of Albarn's co-invention that replicates the sound of car horns on busy Chinese roads--are lavish, but the exoticism is somehow kept in check. Typical of Albarn's various cultural adventures, he doesn't attempt to pass as a local; the details and pentatonic scale may come from Chinese folk music, but the playful melodies are rooted in pop. The fluttering female voices on "Heavenly Peach Banquet" resolve as the la-la-la-la-las from Minnie Ripperton's "Lovin' You." "Iron Rod" sounds like R2-D2 rapping...

Author: /time Magazine | Title: Monkey and Beatles | 10/9/2008 | See Source »

...will it get? The answer depends in large part on how local economies like Pittsburgh's adapt. And here's a surprise: for a metropolis synonymous with America's declining industrial might, the no-longer Steel City seems in a better position to withstand a downturn than many other places...

Author: /time Magazine | Title: Finding One Economic Bright Spot on Main Street | 10/9/2008 | See Source »

...that was exactly what the organizers were looking for. “We hoped the one-minute film festival would be a more approachable format to people who haven’t made a lot of films,” Hale says. Forty-eight of the entries were from local artists, including Kristina R. Yee ’10, whose piece, “No Water, No Moon,” won the award for best local entry. Originally created as a four-and-a-half minute animation, Yee’s adaptation of a Zen short story lent itself...

Author: By Rebecca J. Levitan, CONTRIBUTING WRITER | Title: 1 Min. Film Fest Worth the Time | 10/9/2008 | See Source »

...Samson told me that stricter regulations would simply push egg producers out of state, hurting local business while enlarging the carbon footprint of importing eggs into California...

Author: By Lewis E. Bollard | Title: Yes on Two | 10/9/2008 | See Source »

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