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That perception is leading investors to take cover, even in the face of hopeful news. Indeed, as the market sank on Tuesday, President Obama not only signed the $787 billion stimulus into law, but added that there could be yet another stimulus package if needed. Moreover, recent reports from the credit markets indicate that the great credit freeze may finally be starting to thaw. Morgan Stanley says that its analysts are seeing an improved credit landscape in most of the industries they track. "With the exception of utilities, a clear majority of firms in every other sector reported that credit...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...library is a mecca for Lincoln scholars, the museum, opened in 2005, is pitched to appeal to ordinary visitors. Cannons boom at appropriate moments. Life-size figures of the Lincoln family stand poised in the light-filled central space. The late Tim Russert narrates a news report on the 1860 campaign, complete with television ads for Lincoln, Douglas, Breckinridge and Bell...

Author: /time Magazine | Title: Reporter's Notebook: Visiting Lincoln's Springfield | 2/14/2009 | See Source »

...Mann Leverett, who conducted secret negotiations with the Iranians on behalf of the Bush Administration between 2001 and 2003, says her Iranian counterparts made sure to report to Khamenei or his trusted advisers before and after every conversation with U.S. officials. She points out that two former Foreign Ministers - Ali Akbar Velayati and Kamal Kharraji - are among those advisers. Both men have had some experience in dealing with the West...

Author: /time Magazine | Title: Talking to Iran: What Are Washington's Options? | 2/13/2009 | See Source »

...Q400 accident, said it had examined its planes' landing gear and that a preliminary Danish Accident Investigation Board had concluded that a construction error was behind the first two accidents. Denying it was responsible for those accidents, SAS added that a valve that was the focus of the accident report "is currently being modified by the supplier." It asked for $77 million in compensation from Bombardier and stopped flying the Q400.The Canadian manufacturer, at that time, released a statement saying that it would not comment until a final report was issued. In March 2008, SAS and Bombardier settled their dispute...

Author: /time Magazine | Title: The Buffalo Crash: The Weather or the Plane? | 2/13/2009 | See Source »

...criticized for not taking more disciplinary action against officers in the Seattle Police Department charged with brutality and misconduct. A 2007 citizens review report said Kerlikowske's failure to discipline his officers was a "trend." The NAACP called for his resignation over his handling of police officer misconduct accusations...

Author: /time Magazine | Title: Gil Kerlikowske: Obama's New Drug Czar | 2/13/2009 | See Source »

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