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...presentation did not come with a Gantt chart showing the details and timing of each aspect of every program in the bailout. They are afraid that it is simply written on a cocktail napkin, which is exactly what Henry Paulson did with the diagram of how he intended to spend the $350 billion that he wanted to put into the banking system...

Author: /time Magazine | Title: How The Treasury Can Always Add More to the Bank Rescue | 2/11/2009 | See Source »

Lonely hearts, you're not the only ones getting no love this Valentine's Day. The economy will likely be joining you down in the dumps. According to a recent study from the National Retail Federation, consumers plan to spend, on average, $102.50 on Valentine's Day gifts this year, down from $122.98 in 2008. That's a 17% drop. Overall, the study projects that Valentine's Day spending will fall 14%, to $14.7 billion, compared with last year. "People are trading down," says George Van Horn, an industry analyst at IBIS World, a research firm that also is predicting...

Author: /time Magazine | Title: Shoppers Showing No Valentine's Love for Retailers | 2/11/2009 | See Source »

Price alone won't compel consumers to spend big money for Valentine's Day. Many retailers have tried creative marketing initiatives as well. "Companies are getting better and better at grabbing the customer's attention during this downturn," says Kathy Deane, the president of Tobe, a retail consultancy. For example, as part of its "We Love You" promotion, Bloomingdale's will give you a free hippie scarf if you spend $100 at one of its stores. If you spend $25 or more on a box of Godiva chocolates, you could win a trip to the company's Chocolate Decadence suite...

Author: /time Magazine | Title: Shoppers Showing No Valentine's Love for Retailers | 2/11/2009 | See Source »

...less than riveting. He has an odd, somewhat robot-like way of scanning the audience when he talks: look left, look center, look right, look center, etc. Sitting in the witness chair before a congressional committee, though, he is brilliant - at least when he's not having to spend all his time apologizing for screwing up his tax returns, as he did during his confirmation hearing last month. Today, before the Senate Banking Committee, he answered the questions he could easily answer with brisk clarity and deflected the ones he couldn't with aplomb. ("I understand what you're asking...

Author: /time Magazine | Title: Justin Fox Reviews Tim Geithner's Big Day | 2/10/2009 | See Source »

...bottom line is that if you care mostly about a young-looking face, don't smoke, don't spend time in the sun without protection, and try not to get into a bad relationship that will make you depressed. Instead, this summer at the beach, stay inside and have an ice cream. Make it a double scoop...

Author: /time Magazine | Title: Twins and Aging: How Not to Look Old | 2/10/2009 | See Source »

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