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...lines already. Rather than calling it a bad bank the banks call it a "mobilization fund." Each bank would park its toxic assets in an account with the government. This way the assets would be off the banks' books but each security would still be associated with its original owner rather than pooled together. "The mobilization fund is not about burdening the taxpayer with all the risks," Klaus-Peter Müller, head of the banking federation, told reporters...

Author: /time Magazine | Title: Why Berlin Says U.S. 'Bad Bank' Plan Is Bad | 3/30/2009 | See Source »

...canteens.com.au, a site belonging to a school-cafeteria consultant. "The only thing I can think of [that may have put me on the list] is that I have e-mailed schools telling them about my book and CD resource, 'How to Have a Healthy and Profitable Theme Day,'" owner Jocelyn Ashcroft told the Sydney Morning Herald...

Author: /time Magazine | Title: A Blacklist for Websites Backfires in Australia | 3/27/2009 | See Source »

...garden, there was probably no one in America more elated than Alice Waters. For months, Waters had been engaged in a very public lobbying effort to get the First Family to take this step in the name of healthy, sustainable eating. The mother of the local-food movement and owner of Berkeley's famed Chez Panisse restaurant talked to TIME about President Kennedy's influence on her ideals, why she has a newfound love for the Department of Agriculture and how a well-made pasta dish can soften the psychological blow of the recession. (See the top 10 food trends...

Author: /time Magazine | Title: Local-Food Maven Alice Waters | 3/25/2009 | See Source »

...friendly four-legged fur ball will curl up at the foot of your bed, or rest on your shoulder as you make yourself a cup of tea. And if you get really attached, you can sponsor the little cutie for as little as $14 a month. Australian resort owner Narelle McMurtrie's 15-year-old animal shelter, the Langkawi Animal Shelter & Sanctuary Foundation, has grown so enormous - yielding, at last count, 130 dogs and 150 cats - that she opened Temple Tree, her second hotel, to help finance her all-consuming charity project. (See pictures of high tea in Malaysia...

Author: /time Magazine | Title: Temple of Charm | 3/25/2009 | See Source »

...That shaky performance may or may not have been influenced by the fact that Zappala, the owner of the two private detention centers receiving a guaranteed annual rent ($1.3 million) from Luzerne County, is the son of a former chief of the same court. Or maybe it was what State Chief Justice Ron Castile told a local columnist, in a sad commentary on the entire system: the judges found the state's figures on the unusually high rates of kids being sentenced to detention and getting no legal representation simply too hard to believe...

Author: /time Magazine | Title: Getting the Juvenile-Justice System to Grow Up | 3/24/2009 | See Source »

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