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...that seems to be changing. Realtors say housing prices are finally dropping and apartments are going vacant. Moreover, a number of large New York City firms have announced layoffs. Retailers are bracing for things to get much worse. "Cigars are a celebratory medium," says Richard Hu, who owns Wall Street Humidor, a cigar shop in lower Manhattan. "And I guess there's just not that much to celebrate these days...

Author: /time Magazine | Title: New York City Feels the Brunt of Wall Street's Crisis | 10/31/2008 | See Source »

...Richard Stengel, MANAGING EDITOR

Author: /time Magazine | Title: The Final Lap | 10/31/2008 | See Source »

Steady Art Beat Richard Lacayo blogs daily about art and architecture at time.com/lookingaround

Author: /time Magazine | Title: Light Fantastic | 10/31/2008 | See Source »

...family must pay on average for annual coverage. The only long-term solution is to eliminate insurance companies through a national single-payer health plan, or "Medicare for all." Without the profit motive and with Medicare's demonstrated efficiency, enough would be saved to insure everyone. Richard K. Staggenborg, COOS...

Author: /time Magazine | Title: Financial Contagion | 10/30/2008 | See Source »

McCain would find himself on a tightrope, surrounded by people trying to push him off. The last President to operate in such straitened circumstances was Richard Nixon. In 1969 he was inaugurated with a weak mandate, shaky popularity, a fractured party behind him and a Democratic majority on the Hill. Lurching left on domestic policy, veering right in his speeches, promising to end the war in Vietnam even as he escalated the bombing, Nixon infuriated his critics and confounded his allies. The roller coaster finally ended with his landslide re-election just as he was stepping off a cliff into...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

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