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...credit, the lifeblood of economic health, flowing again. Both of those plans are to be funded by the $700 billion rescue package Congress recently approved. The stimulus would be the second such bill this year, following a $160 billion economic package that gave tax rebates of up to $600 per adult to fuel consumer spending slowed by higher food and fuel prices...

Author: /time Magazine | Title: The Dems' Plan C for the Economy | 10/14/2008 | See Source »

This is not the first time the clock has experienced technical difficulties. In 1991, Durst had to remove and revamp the clock so it could keep pace with the national debt's $13,000-per-second increase. ("Interest payments on the national debt are becoming the largest federal expenditure," he noted at the time). Before his death in 1995, the amount began accumulating so fast that the last seven digits became totally illegible. At one point, the surge actually crashed the computer that calculates the billboard's numbers...

Author: /time Magazine | Title: The Times Square Debt Clock | 10/14/2008 | See Source »

...Rather than start with a thin piece of aluminum and add multiple parts for structure, we start with a thick piece of aluminum." The frame, or "unibody" that results after much drilling, cutting and buffing is so gorgeous that Jobs directed his Apple-uniformed cadre to hand out one per row and let the press and analysts kvell...

Author: /time Magazine | Title: Apple's Latest Hack: Aluminum Computers | 10/14/2008 | See Source »

...impressive play during the two-game sequence was no aberration for McKinley. So far this season she has totaled 189 kills and leads the team with 3.20 kills per game, landing her in fifth place among the Ivy League individual leaders...

Author: By Dennis J. Zheng, CONTRIBUTING WRITER | Title: ATHLETE OF THE WEEK: Senior Assassin Leads Harvard Attack | 10/14/2008 | See Source »

There is a growing sense of urgency in Russia about all of this. Oil companies are posting declines in production as onshore oil and gas fields are getting depleted. Oil revenues account for 60% of Russia's budget, which has been calculated for 2009 on the basis of $70 per bbl. But if the price goes below that, the country's petroleum windfall may be drastically reduced, and the budget could go into deficit...

Author: /time Magazine | Title: Why Russia Is Bailing Out Iceland | 10/13/2008 | See Source »

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