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...Observers say that higher-than-average FDIC losses are a function of the market, not the FDIC's dealmaking prowess. Sources close to the IndyMac sale said there were only a handful of submitted bids, not all of which were to buy the whole bank. And while the FDIC has had to take on some troubled assets, the agency has retained just 4% of the assets of the banks that have failed. That's far less than what it has had to retain in the past. In the S&L crisis, the FDIC was on average swallowing nearly...

Author: /time Magazine | Title: Can the FDIC Handle Its Growing Job? | 1/19/2009 | See Source »

...Enter Facebook, which provides a constant flow of information via short updates from everyone a user knows: a distant cousin is glad he skipped the cheeseburger chowder; a colleague has a new book on sale; a close friend is engaged or newly single. Jenny and I, along with three of our childhood pals from Saratoga Springs, N.Y., learned that a dear old friend had ended her seven-year relationship through a Facebook status change. We expressed dismay, albeit through Facebook's IM feature, that we had to learn such potent information in this impersonal way. (See the best social networking...

Author: /time Magazine | Title: Does Facebook Replace Face Time or Enhance It? | 1/18/2009 | See Source »

...worst of all was his popularity, which for much of his life was enormous. Until the other Andy came along - Andy Warhol - Wyeth and Norman Rockwell were without doubt the two most widely recognized names in American art. Wyeth's museum shows were blockbusters and his sale prices strong, especially after the Japanese discovered him in the 1980s...

Author: /time Magazine | Title: Andrew Wyeth's Problematic Legacy | 1/17/2009 | See Source »

Fare Fall. Courtesy of your friends up north, a "winter clearance sale" from Alaska Airlines. Hop from Seattle to San Francisco for $59 one-way or from Boston to Portland for $159 one-way. Through Jan. 24, for travel from Jan. 23 to June...

Author: /time Magazine | Title: Best Deals and Destinations | 1/16/2009 | See Source »

...article speculated that a new generation of Popeye posters, T shirts and even new comic strips would soon go on sale in European shops. But King Features, which holds Popeye's rights, says that's nonsense. Even if the copyright does expire, a spokesman for King Features told TIME, the company still holds rights to Popeye through trademark. Trademark, which protects works of "unique origin," is a similar protection to copyright but with different rules governing expiration. In a statement, the spokesman said, "[Use of Popeye's image] is an infringement of the rights afforded by the trademark registrations. King...

Author: /time Magazine | Title: Pow! Popeye Loses Copyright Battle in Europe | 1/16/2009 | See Source »

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