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DIED Although she didn't receive as much fan mail as the famed Annette Funicello, Cheryl Holdridge had an angelic and charismatic smile that made her one of the most popular Mouseketeers on the 1950s TV show The Mickey Mouse Club...

Author: /time Magazine | Title: Milestones | 1/15/2009 | See Source »

...Tiananmen leadership purge, when Jiang Zemin and Li Peng took over from more liberal leaders, the reforms championed in the 1980s by a wave of largely rural entrepreneurs were stalled, and officials sought to reassert authority. In this "great reversal," Beijing's Xiushui Market, a thriving shopping area popular with tourists, was effectively expropriated by the city. The entrepreneurial founder of Kelon, China's most successful refrigerator maker, had his company seized in a backdoor takeover by local officials who then ran it into the ground. Land grabs by officials intent on real estate development soared. Rural credit cooperatives backed...

Author: /time Magazine | Title: The Aborted Revolution | 1/14/2009 | See Source »

...wasn't a popular view back then. "He had taken a lot of heat" for the position inside the Fed, a colleague says. Some regional Fed presidents thought he was excessively gloomy. As an insider put it, they thought Geithner had been captured by his constituents - the heads of the largest banks and investment firms in New York, most of whom were leveraged to the hilt and deeply vulnerable to turmoil in the mortgage-backed-securities market. But Geithner's view prevailed that week with his boss, Ben Bernanke. A few weeks later, the Fed slashed its key interest rate...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

There was indeed a time when electric cars were useful and relatively popular. Back when cars were used mostly for short jaunts around town or for deliveries between two nearby points, the charging of an electric car posed very little problem. In the 1830s, when Dutch inventor Sibrandus Stratingh created an electromagnetic cart, the vehicles have always stood out as a cleaner, cost-effective option to the steam or internal combustion engine. From Stratingh's invention evolved actual cars in the late 1800s that could move at low speeds using rechargeable batteries. Quieter and less noxious than their gas-powered...

Author: /time Magazine | Title: The Electric Car | 1/13/2009 | See Source »

...like to say that we're getting beachfront property at trailer-park prices," says A.J. Khubani, founder and CEO of Telebrands, another popular purveyor of infomercialesque merchandise. His company is buying better TV slots at prices averaging 25% less than last year's. Commercials for Telebrands products, which include an egg-shaped callus remover (the PedEgg) and nail clippers for pets (PediPaws), now appear during The O'Reilly Factor, one of the most popular shows on Fox News...

Author: /time Magazine | Title: The Cult of the Snuggie: That Ubiquitous TV Ad | 1/13/2009 | See Source »

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