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...weeks, market watchers and economists have gone hog wild talking about what's going on with "second derivatives." Without venturing too far into the scary calculus stuff, the point is this: we're still headed downhill but maybe a bit more slowly. That's a more precise way to look at the world - but it's not exactly accessible. Second derivative probably isn't making its way into newspaper headlines any time soon...

Author: /time Magazine | Title: 'Green Shoots': The Trouble with Economic Metaphors | 5/22/2009 | See Source »

...until a few months ago, I thought we were going to pull through this O.K.," says analyst James Abbott, who follows regional banks for FBR Capital Markets. "But now I am scared. For a lot of banks, this downturn does not look survivable...

Author: /time Magazine | Title: Financial Woes Spread to Smaller Banks | 5/22/2009 | See Source »

...look at doors closing. I figured that out when I agreed to run and do this with my husband. I had sort of thought all that through. If I thought that I'd be shortchanged in any way, and if he thought I'd be shortchanged in any way, we wouldn't have done...

Author: /time Magazine | Title: Interview with the First Lady | 5/21/2009 | See Source »

...Management Hell It's precisely because the Chinese bureaucracy's idea of an ideal city doesn't include peddlers and street vendors that the chengguan developed into such a powerful institution. One need only look at Beijing during the 2008 Olympics, when most temporary food stalls, pedicabs, illegal taxis and beggars were banished, to get a sense of how China wants its cities to appear. "Some government officials are oblivious to reality, and aim to build a vendorless city as their political achievement," He says...

Author: /time Magazine | Title: Above the Law? China's Bully Law-Enforcement Officers | 5/21/2009 | See Source »

...statement, MGM Mirage - which operates the famed Bellagio hotel and casino in Las Vegas - said that "we disagree with the recommendation" and "we look forward to presenting our position." Pansy Ho in a statement said that "I and my advisers will need time to read and consider the contents of the report and decide how best to respond to it." The New Jersey commission is expected to hold a public hearing on the matter...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

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