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...think that we were stampeded into panic legislating," says Spencer Bachus, the ranking Republican on the House Financial Services Committee, who voted against the bill. But that's the loser's perspective. In Paulson's view, Congress was simply doing what made sense. "The more flexibility I have, the more confidence that gives to the market, the less likelihood the authorities will be used and the better for the taxpayers," he says. In other words, Trust me. Do we have much of a choice...

Author: /time Magazine | Title: Can Paulson Save the Economy? | 7/31/2008 | See Source »

Other than classical, do you have a favorite musical genre? -Spencer J. Gordon Chesteron, Ind.I love jazz and opera. And also hip-hop. They make impressive music videos. Classical-music videos are still pretty traditional. You can probably direct one yourself. Just put a piano out in some landscape...

Author: /time Magazine | Title: 10 Questions for Lang Lang | 7/17/2008 | See Source »

...marked deterioration. "It's hard to find a country that's keeping its head above water," says Véronique Riches-Flores, chief European economist at French bank Société Générale. Business leaders ranging from Sir Stuart Rose at British retailer Marks & Spencer to Renault's CEO Carlos Ghosn are sounding the alarm. At Burberry, the luxury-goods firm, CEO Angela Ahrendts frets about a combination of rising costs, falling demand and a strong euro that cuts into competitiveness. "There's a perfect storm out there," she says. Many investors would agree: this year...

Author: /time Magazine | Title: Europe's Economy: Falling Down | 7/9/2008 | See Source »

Consumers: The Party's Over Oxford Street, London's busiest retail area, is still teeming with shoppers hunting for end-of-season sales bargains, but the store owners are anything but happy. Marks & Spencer's stock dropped 25% in a day on July 2 after the firm issued a profit warning. At privately owned rival John Lewis, sales in the summer-clearance week at the end of June fell more than 8% compared with the same week in 2007. Patrick Lewis, who heads the company's retail operations, said the market "has certainly got an edge tougher...

Author: /time Magazine | Title: Europe's Economy: Falling Down | 7/9/2008 | See Source »

...Disciples of Christ church, is mostly African--American; Relevant is nondenominational and mostly white--but both flocks fall into the 20-to-40 age group, as do their pastors. Along with their wives, the preachers developed programs involving large-scale, coed seminars and a save-that-month schedule; the Spencers also set up a blog so users can post questions anonymously. Both couples emphasized the spiritual, emotional and, yes, practical aspects of having better sex more often. For instance, a husband can expect smoother sailing at night if he helps his wife clear her "to do" list that evening, Spencer...

Author: /time Magazine | Title: And God Said, "Just Do It" | 6/26/2008 | See Source »

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