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Treasury Secretary Henry Paulson's latest plan for the $700 billion bailout fund has many economists responding like Seinfeld's Soup Nazi, "Next!" They say the idea of using funds approved by Congress in early October to stimulate credit card and auto lending is ill advised and unnecessary...

Author: /time Magazine | Title: Paulson Credit-Card Bailout Draws Growing Criticism | 11/16/2008 | See Source »

...version that just opened on Broadway - directed, as it was in London, by Stephen Daldry - has lost a little of the power it displayed on its home turf. But if Prime Minister Gordon Brown's bank-rescue plan can become the model for the rest of the world's finance ministers, there's no reason why Billy Elliot - the best musical to come out of Britain since Miss Saigon - can't bridge the cultural chasm...

Author: /time Magazine | Title: Billy Elliot: A London Musical Hit on Broadway | 11/14/2008 | See Source »

...reaching $18.6 billion in the first quarter and $96 billion by the end of next year, predicts an October report from Innovest Strategic Value Advisors, an investment-research firm. "A 10% [charge-off] rate would be unprecedented," says Laura Nishikawa, an Innovest analyst. (Read "Fannie and Freddie Offer New Plan to Help Homeowners...

Author: /time Magazine | Title: With Defaults Rising, Is a Credit-Card Crisis Looming? | 11/14/2008 | See Source »

...some of those giants embarked on overzealous building sprees - since 2004, the number of casinos in Macau has more than doubled to 31 - and now the global credit crisis is threatening to topple at least one of them. Adelson's company, Las Vegas Sands, has undertaken an aggressive expansion plan over the past few years, winning the bid to build the $4.6 billion Marina Bay Sands casino-resort in Singapore and developing a $743 million casino-resort in Pennsylvania, among other projects. The credit crisis has left the overextended company in danger of defaulting on $5.2 billion of loans secured...

Author: /time Magazine | Title: Dark Days Ahead for Macau, Asia's Las Vegas? | 11/14/2008 | See Source »

...Disgusted, Taylor ended Laura Skye's relationship with Barmy but chose to stay with Pollard in real life. In an effort to test his commitment, Taylor hired a private investigator on Second Life named Markie Macdonald. Macdonald hatched a plan whereby a female avatar flirted with Barmy in an effort to lure him to her cyber-bed. Instead of succumbing to temptation, Barmy spoke of his strong feelings for Laura Skye...

Author: /time Magazine | Title: UK Couple to Divorce over Affair on Second Life | 11/14/2008 | See Source »

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