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That assessment may sound admirably prudent. But Germany is in bad shape. In Halle, they're feeling the pinch, again - even if the situation is (remarkably) not quite as bad as it is in west German regions such as the environs of Stuttgart, where almost half a million people have been put on short-term work since last October as auto and machinery factories have slowed production. The east has been somewhat protected because its firms don't export as much as their west German opposite numbers. An unmistakable streak of eastern stoicism helps, too. "I notice that when...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

When the results of the government's financial stress tests were announced last week, Citigroup seemed to have dodged a bullet. The bank, long thought to be in the worst shape among the nation's largest lenders, was said to need just $5.5 billion in capital in order to return to health. No small sum, to be sure. But amazingly, what Citi was required to raise was less than half the $13.7 billion that competitor Wells Fargo was told to come up with. And far less than the nearly $34 billion that regulators said Bank of America needed to bolster...

Author: /time Magazine | Title: Inside Citi's Stress Test: More like an F than a B+ | 5/14/2009 | See Source »

...watch 60 minutes of the most in-shape athletes on the planet rocketing across the surface of a giant diamond. • People literally walk on water! Last guy to popularize water-walking got a religion built around him. That guy was Rocket Richard; the religion is the Montreal Canadiens. • It's safely homoerotic for the hetero man: dudes in this game touch and rub up against each other constantly and straight guys scream for more. Woof! • The humility inherent in the sport: they make themselves more available to the press than any other athletes and always talk about...

Author: /time Magazine | Title: A Friend of the Hockey Court | 5/14/2009 | See Source »

...hosts a street hockey tournament in his hometown of Brantford, Ontario. After learning about it, I mused about the idea of playing in the tourney, in a podcast and on the message board at my website. All of a sudden, other dudes like me - old, out-of-shape, unathletic, with more body fat than bone - started dreaming they, too, could forecheck it up the slot and slap themselves some middle-aged glory one last time ... in the hometown of the Great One, no less...

Author: /time Magazine | Title: A Friend of the Hockey Court | 5/14/2009 | See Source »

...cloud of uncertainty looms over the shape of things to come. Experts talk of China's maritime rise in the same continuum as that of the British Royal Navy in the days of Victorian empire, and the U.S. fleet during the Cold War. At present, China's naval capabilities are still that of a regional power - its own state planners aim for the PLA to finally have "risen" only in half a century's time. By then, the world could be very a different place. The Chinese navy could act as a stabilizing force - or a source of conflict that...

Author: /time Magazine | Title: China's Navy Grows, and the World Watches Warily | 5/13/2009 | See Source »

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