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...Bank, said he thinks banks will be able to avoid many of those loan losses through loan modifications or "through blocking and tackling," as he put it. Parkus, though, said that outlook was too positive. He countered that banks will have a very tough time refinancing the poor loans they made at the height of the credit bubble. "There are very large losses embedded in the system," he said...

Author: /time Magazine | Title: Commercial Real Estate — the Economy's Anvil | 5/29/2009 | See Source »

...life-affirming when the poor fall in love," Christy from Los Angeles shares with her followers...

Author: /time Magazine | Title: Twitter's Biggest Egos, Exposed | 5/29/2009 | See Source »

...Make that nearly fruitless. Marchionne, CEO of Italy's Fiat, had sniffed an opportunity lurking by the Chrysler deathbed. Chased from the American market a generation ago by its comic reputation for poor quality, Fiat seemed an unlikely rescuer. But Marchionne entered the picture as the It boy of the auto world, having slashed costs, retooled management and refreshed styling to boost sales of the firm's cute little cars. He wanted back into the U.S., provided it didn't cost him anything. (Watch TIME's video about an optimistic Dodge dealer...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

...stopping short of accusing the University of outright racism, she said she believes she is being “singled out” because of her background. “The honest answer to that is that I’m black and I’m poor and I’m from New York and I walk a certain way and I keep my clothes a certain way,” Campbell told the Globe in response to a question about Harvard’s motivation for acting against her. “It’s something...

Author: By Eric P. Newcomer and June Q. Wu, CRIMSON STAFF WRITERS | Title: Harvard Student Linked to Kirkland Shooting Denies Involvement | 5/27/2009 | See Source »

...Chinese basketball needs all the help it can get. Talented players like Yao or the New Jersey Nets' Yi Jianlian tend to go abroad at the first opportunity. Games back in the Chinese Basketball Association league are uninspiring, hampered by poor coaching and a system focused more on rote drills than innovative play. Street play has picked up in recent years in Beijing and Shanghai, but that has yet to translate into a flood of dynamic national players. Despite its home-court advantage in Beijing last year, the Chinese Olympic hoops team made it only to the quarterfinal round before...

Author: /time Magazine | Title: Will China Play Ball with the Cleveland Cavaliers? | 5/26/2009 | See Source »

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