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...jobless claims and Medicaid bills have skyrocketed; few expect those trends to ease soon. In June, White House counselor David Axelrod left open the possibility that a second stimulus may be needed. The White House is confronted with the prospect of having to ask for more money early next year - even as a group of voters is ready to dump the first stimulus right...

Author: /time Magazine | Title: What Happened to the Stimulus? | 7/1/2009 | See Source »

Hong Kong Disneyland - the beleaguered park that has drawn underwhelming reviews for its thin lineup of attractions - needed a lifeline. On Tuesday it got one, when the Hong Kong government and Walt Disney executives reached a deal to expand Disney's second Asian theme park over the next five years in an attempt to boost sales and stand up to competitors. (See pictures of theme parks in China...

Author: /time Magazine | Title: Can Hong Kong Disneyland Get the Magic Back? | 7/1/2009 | See Source »

...timing is certainly right. Analysts say Hong Kong Disneyland needs to expand to stand up to plans for a much larger Shanghai Disneyland in the next few years. Construction has not begun, but the Shanghai municipal government and Disney Co. signed off on a project proposal earlier this year. The new plan could also lift spirits at a time when Hong Kong's tourism has taken a hit on swine flu concerns. According to the Hong Kong Tourism Board, the number of new visitors to the city in May dropped a steep 13.4% year on year. For the first five...

Author: /time Magazine | Title: Can Hong Kong Disneyland Get the Magic Back? | 7/1/2009 | See Source »

...Like the dotcom and property bubbles before it, the nascent IPO mania is being inflated by outsize expectations and good old-fashioned greed. Retail investors are growing tired of keeping their cash in banks that pay next to nothing in interest and are increasingly fearful of missing out on the stock market's continuing rise...

Author: /time Magazine | Title: Is a China Stock Bubble Forming? | 7/1/2009 | See Source »

...this point, the injury has the potential for him missing this next season, and could be career-threatening," Rockets team physician Tom Clanton told the Houston Chronicle. "One of the things we are trying to get is a consensus opinion on that, to make certain there is no option we are overlooking that would provide an earlier return or would be an option for treatment that he would prefer rather than doing additional surgery." (See pictures of street basketball in China...

Author: /time Magazine | Title: China Fears Yao Ming Injury Could End His Career | 7/1/2009 | See Source »

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