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...Then there's all that bad debt. We've now mostly worked through the subprime mortgage mess that started this whole debacle, but lots more losses - from prime mortgages, credit cards, commercial real estate, you name it - are still to come. Morgan Stanley economist Richard Berner estimated on Tuesday that even in the most bullish case, banks and other lenders have only recognized about half the $1.7 trillion in loan losses they're likely to suffer over the course of the downturn. In Berner's "bear" case, losses will top $4 trillion...

Author: /time Magazine | Title: Why the Economic Recovery May Be Disappointing | 5/5/2009 | See Source »

...While we're not out of the woods, we are seeing some encouraging signs," says CDC acting director Richard Besser...

Author: /time Magazine | Title: Swine Flu Shows Need for Better Animal Testing | 5/5/2009 | See Source »

...these cases based on the time he was in and out of custody, his location in regard to a lot of these crimes, the crimes we have proved against him already and the modus operandi on those crimes, [which] match the MOs on these crimes," says Detective Richard Bengtson of the Los Angeles Police Department's Robbery Homicide Division, Cold Case Homicide Section, which cracked the case. "If we are able to prove even half of these cases, it would make him [one of] L.A.'s most prolific serial killers, if not the United States...

Author: /time Magazine | Title: A Cold Case Gets Hot: Is This L.A.'s Westside Rapist? | 5/3/2009 | See Source »

...that's not all. Proposals by architects such as Briton Richard Rogers, Italian Paola Vigano, and Frenchmen Jean Nouvel and Christian de Portzamparc involve building futuristic skyscrapers with huge hanging gardens; creating vast city-center parks, green spaces, and even a new forest with a million carbon-battling trees near Charles de Gaulle airport; and renovating disused banks of the Seine. The river, meanwhile, is to be developed into a major transport link for goods to and from the Channel port of Le Havre - which, thanks to a new high-speed train track, will itself become a virtual suburb...

Author: /time Magazine | Title: Sarkozy's Big Plans for a Greater Paris | 5/3/2009 | See Source »

...Ilan Halimi was targeted because he was a Jew and because his tormentors believed he had to be rich and deserved what was coming to him," says Richard Prasquier, president of the Representative Council of France's Jewish Institutions. "This gang attempted kidnapping two people before Ilan Halimi - both Jews. They were not dissuaded upon realizing Ilan worked in a mobile-phone store, didn't earn much and came from a modest family that couldn't be rich. To them, he was a Jew, so he was victimized...

Author: /time Magazine | Title: Murder Trial Puts Focus on French Anti-Semitism | 5/3/2009 | See Source »

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