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...that may not happen until after the recession is over. "It's not at all a frothy environment [right now]," he admits. But analysts say the sales figure is a realistic goal. John Wormald, managing partner of the British automotive consultant Autopolis, says sales of the Ghost could eventually reach 5,000 a year...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

...Tamil-majority areas in the north and east. The LTTE took up arms in the name of those grievances, raising the call for a separate Tamil homeland and eventually becoming one of the world's most feared terrorist organizations. Over the years, moderate Tamil political leaders worked to reach a political solution, and several governments in Colombo tried talks with the LTTE, but by 2006 a shaky cease-fire had fallen apart. The army pushed full-bore to finish off the Tigers, particularly its charismatic leader, Velupillai Prabhakaran, and Rajapaksa would not brook questioning, by the press or his opponents...

Author: /time Magazine | Title: Mahinda Rajapaksa: The Hard-Liner | 7/27/2009 | See Source »

...Seurat's pointillism. This was too much for Ensor. He had already dismissed the Impressionists. Who cared about capturing fugitive sunlight when you could be trying to pin down hellfire? Seurat's shimmering neo-Impressionism looked no better to him. What Ensor wanted was an art that could reach into his interior life, which must have been quite a place, or serve his feverish critique of his times...

Author: /time Magazine | Title: Skull and Bones: The Haunted Art of James Ensor | 7/27/2009 | See Source »

...most reasonable objection the banks have to the CFPA is that its reach is too limited, hence subjecting banks to burdens other financial firms won't bear. Products regulated by the Securities and Exchange Commission and Commodity Futures Trading Commission would be exempt from CFPA oversight, as would most insurance companies, which are regulated by the states. And while the CFPA would have authority over anyone extending credit to consumers, the first line of regulation for nonbanks such as mortgage brokers and check-cashing firms would remain the states. American Bankers Association chief executive Edward Yingling argues that because...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

...July 2, 2009 After a February tax hike and major budget cuts fail to slash its swelling debt, California issues its first round of IOUs. The figure is expected to reach $3 billion by the end of July

Author: /time Magazine | Title: Spotlight: California's Budget Crisis | 7/27/2009 | See Source »

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