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...time before banks started to rise. Also, many investors have been so focused on the short term - all the recent steps taken by the Federal Reserve and the Treasury - that they have forgotten that the bank assist started in August of 2007 when the Fed cut the discount rate and opened the lending window to a wider list of financial companies. So this has been going on for a little less than two years. Typically when you see that type of extended intervention, and such an enormous amount of money being thrown at the problem, it's only a matter...

Author: /time Magazine | Title: Stock Market: Why Are Financial Stocks Rallying? | 5/19/2009 | See Source »

More than a third of Americans are obese--the highest rate in the report and nearly 10 times that of South Koreans...

Author: /time Magazine | Title: The World | 5/18/2009 | See Source »

...easy to understand the economic appeal of the project: the county's poverty rate is among the nation's worst, its unemployment rate hovers around 10%, and Hardin has seen much better days. On a Saturday morning, two thirtyish sisters who had been up all night partying slouched in the sun against one of many vacant storefronts lining Center Avenue. They said they were afraid they might be picked up by the police and tossed in jail. They laughed with some relief when reminded that the closest lockup, Big Horn County Jail, was now so overcrowded that it was turning...

Author: /time Magazine | Title: The Montana Town That Wanted to Be Gitmo | 5/18/2009 | See Source »

...Something Completely Different. Hawaii also celebrates 50 years of statehood this year. Go luxury at the Four Seasons Hualalai on the Big Island, which is offering guests a $1,000 resort credit (through Sept. 30) good toward treatments at the newly expanded spa, the room rate or dinner - you can have the hotel prepare you a romantic dinner for two on the beach. Room rates start at $725 per night, with a four-night minimum stay. If you want to bring the whole family along, up to five people can book a suite starting at $1,500 per night...

Author: /time Magazine | Title: Anniversary Travel Deals, Even If It's Not Yours | 5/18/2009 | See Source »

...sitting room, complete with fireplace and comfy reading chairs (and no TVs blaring to disrupt your reverie), the hotel is famous for the surrounding hiking trails, but it also has more modern pursuits like spas and golf. In honor of its century-plus in service, the hotel is discounting rates to $189.90 per person per night, including all meals (usually the rate runs $320 to $530, so that's a pretty good deal). Hop to it, though; the deal is good only until the limited number of allotted rooms sell out. 1000 Mountain Rest Road, New Paltz...

Author: /time Magazine | Title: Anniversary Travel Deals, Even If It's Not Yours | 5/18/2009 | See Source »

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