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...Some economists see a recovery by the beginning of the fall and others see it coming early in 2010. There is a near certainty that the nausea inducing drop from the fourth quarter of last year through March is over. It is either over because of the economy's natural resilience or the money poured into the economic system by the Fed and other central banks. Before anyone figures out for sure why things have started to improve, it will be too late to matter for anyone other than the historians. There will be another financial and market catastrophe...

Author: /time Magazine | Title: Summer 2009: The Long Wait for Evidence of a Recovery | 5/26/2009 | See Source »

...such as scheduling a referendum on applying for U.N. membership under the name Taiwan. Ma, on the other hand, has promised not to declare Taiwan an independent state, a position that has made it easier for Beijing to cooperate with Taipei. During China's National People's Congress in March, Chinese Premier Wen Jiabao dangled an olive branch, saying that Beijing stands ready to "create conditions for ending the state of hostility and concluding a peace agreement between the two sides of the Taiwan Strait." (Read "Taiwan's Leader Keeps Low Profile Abroad...

Author: /time Magazine | Title: Building Bridges to China | 5/25/2009 | See Source »

Bear stearns was our warning shot. Back in March 2008, when the 85-year-old investment bank collapsed, we didn't yet know how common it would be for a financial firm to be brought to its knees over a panicked long weekend. The Wall Street Journal's Kate Kelly takes us inside Bear's last, dizzying days: the lawyers swarming the sixth floor, the pleading phone calls to investors for emergency billions, the sickening realization that a lifesaving loan from the Federal Reserve would last two days--not 28. Kelly flicks at Bear Stearns' backstory--how its eat-what...

Author: /time Magazine | Title: The Skimmer | 5/25/2009 | See Source »

...partner of six years belong. She and Coontz have found that many of them end up marrying because they face the same discrimination as gay couples regarding insurance, taxes and other legal issues. Having kids can also change things. David Letterman didn't say what prompted him in March to wed his partner of 23 years, who is also the mother of his 5-year-old son. I know that in our case, the plus sign on my pregnancy test led my boyfriend and me to marry in April, which has made our relationship feel more committed, but maybe...

Author: /time Magazine | Title: All but the Ring: Why Some Couples Don't Wed | 5/25/2009 | See Source »

...Moscow has reacted angrily to Ukrainian President Viktor Yushchenko's attempts in recent years to gain NATO membership and to a recent agreement in March under which the European Union would help modernize Ukraine's aging gas-transport system. "This agreement is Exhibit A in Moscow's collection [of complaints]," says Trenin. "It's evidence that Europe is concluding bilateral deals with Ukraine that undermine Russia's interests...

Author: /time Magazine | Title: Putin to the West: Hands off Ukraine | 5/25/2009 | See Source »

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