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...still dispensing cash, credit card offers keep arriving in the mail, and it's not even all that hard to get a mortgage - if your credit's okay and you can actually afford the monthly payments. There is less lending overall, and that depresses economic activity. But with oil prices dropping again today, the single greatest scourge of American consumers this year - the high price of gasoline - is due for a further pullback. In New York and a few hard-hit real estate markets, this is a big-time crisis, the biggest since the Great Depression. For the rest...

Author: /time Magazine | Title: Financial Meltdowns: How Big a Blow? | 9/15/2008 | See Source »

...into place prior to the rumor, is strictly followed, and is set forth as the reason for not commenting. Companies that are the frequent target of stock rumors sometimes point to their no-comment policy and are thus able to successfully avoid imparting information that would affect their stock price; by not commenting on anything, they reduce the uncertainty that would arise if they failed to comment on any one particular rumor...

Author: /time Magazine | Title: Q&A: How to Combat Gossip | 9/15/2008 | See Source »

...Success in modern Europe, however, often comes at a price of diluting local tradition. Where once the launch of a new fishing vessel would have drawn hundreds of locals in their Sunday best to the quayside, the big draws at this year's Seafest were not fishing vessels but Viking warrior re-enactments, candy stores, carnival rides and a palmist called Amalia Lavengra. The largest boat in the harbor was not some weathered trawler, but the Donara II, a 34-foot yacht owned by Andy Stewart, Commodore of the Arbroath Sailing and Boating Club. "It's mixed emotions," says Alex...

Author: /time Magazine | Title: Braveheart's Heirs Open Scotland for Business | 9/12/2008 | See Source »

Shady Hill resident John W. Moore said that the committee’s recommendation was a positive development for his neighbors, who with the prospective subsidy expect to be within $200,000 of Stonehouse’s $1.05 million asking price, which is still being negotiated...

Author: By Hee kwon Seo, CRIMSON STAFF WRITER | Title: City May Donate to Shady Hill Effort | 9/11/2008 | See Source »

...phrase common in the car sales industry, used to describe taking a hunk of junk, brushing on a fresh coat of paint and selling it for full price. Now, in the wake of Barack Obama's use of the saying and the McCain/Palin attacks against him over it, "putting lipstick on a pig" has become the latest flashpoint in the presidential campaign circus. But politicians and average joes have tossed around the folksy phrase long before this recent bump on the campaign trail. A sampling...

Author: /time Magazine | Title: A Brief History Of: 'Putting Lipstick on a Pig' | 9/11/2008 | See Source »

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