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...sitting at a computer all day, hasn't imagined owning a personal slice of paradise, lush with bougainvillea and frangipani, perhaps a sea breeze carrying the scent of exotic herbs and barbecued delights? Southeast Asia abounds with such dream locales, but two destinations trump all others: Bali and the southern Thai island of Phuket. It is on these two chunks of land, a mere 2,400 square miles (6,200 sq km) combined, that thousands of expatriates have bought tropical vacation homes. Indeed, a global real estate slump notwithstanding, Bali and Phuket's residential sectors are still booming, in part...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

Local businesses are trying to cheer people up by throwing open their doors. One Reykjavík restaurant, Á naestum grösum, has changed itself into a "soup kitchen" offering cast-down Icelanders a free bowl of barley-vegetable soup and a slice of bread, while just down the street a few local bars have begun selling "recession beer" at $2.60 a glass, compared with the normal price of $6 or so. But with more layoffs and further turmoil expected, it will take more than hearty stew and a pint of cheap cheer to rescue this nation from economic...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

...that kind of state involvement is a central part of the European bailout plans, which involve governments recapitalizing banks in trouble in exchange for a slice of equity. In plain English, that's called partial renationalization. How much equity depends on the size of the bailout, and for the moment, other than in Britain, precise details about which banks will receive how much and in exchange for what remain to be negotiated. Along with the fresh capital, governments are proposing a series of other measures designed to restore confidence in the banking system by guaranteeing deposits, jump-starting interbank lending...

Author: /time Magazine | Title: Will Europe's Bank Bailout Plan Really Work? | 10/13/2008 | See Source »

...KIMBO SLICE knocked out in 14 seconds by THIS...

Author: /time Magazine | Title: Pop Chart | 10/9/2008 | See Source »

...this new realm they call “the office” would be futile. For someone who sweats the simple stuff, a summer internship in midtown Manhattan is a veritable hell on earth. Life hands me lemons, and I can’t even figure out how to slice them...

Author: By Kate E. Cetrulo, CRIMSON STAFF WRITER | Title: Life’s Simple Pleasures | 10/8/2008 | See Source »

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