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...program is meant to gin up liquidity for corporate credit unions by enticing retail credit unions to deposit more of their money there, both by guaranteeing deposits and offering low-cost loans. Retail credit unions, also charmingly called natural-person credit unions, have been finding other places to stash funds as they've grown concerned about the stability of corporates. At the end of September, retail credit unions had $35.1 billion invested in corporate credit unions, down from $37.9 billion at the beginning of the year, according to the NCUA. Over that same period, total retail investments grew from...

Author: /time Magazine | Title: Are Credit Unions in Trouble? | 12/10/2008 | See Source »

...same time, it's not clear where else China would stash the dollars it earns via its massive trade surplus other than in U.S. Treasuries. Europe's economies are in no better shape than the U.S.'s, and it has again become clear during this crisis that the dollar - not the euro - remains the world's safe-haven currency. Beijing's other option - bringing home the dollars it earns via trade - would complicate China's own monetary policy and possibly drive up the value...

Author: /time Magazine | Title: Paulson in China: The Monster Under the Bed | 12/5/2008 | See Source »

...purpose of a stimulus is to get the entire economy moving again. Put money in people's pockets and let them spend it. Or, even better, let's spend it together on national projects like fixing the highway system. Bring on the earmarks! Hey, Sarah--where did we stash those plans for that Bridge to Nowhere? (See pictures of the global financial crisis...

Author: /time Magazine | Title: Stimulus Nation: Pump It Up | 12/4/2008 | See Source »

After stewing for years in what might seem like standard working-class racism, Walt has to resolve his soldiering in the Korean War--when, he tells Tao, "I used to stash guys like you five feet high in Korea. Used 'em for sandbags." Still haunted by killings that now weigh on him like war crimes, he must emerge from his white-picket cave of bitterness and find a purpose for his life: to become a guardian angel to Tao and Sue and an angel of death to anyone who'd do these decent kids harm...

Author: /time Magazine | Title: The Essence of Clint Eastwood | 12/4/2008 | See Source »

...kind of flimsy and feel disposable, but I think they're meant to be. The Grippa Slip Pens work fairly well, and their bookmark design fits great into planners, datebooks and checkbooks - if you use any of these things anymore. In any case, these pens are nice to stash in random places just for those times you might wind up needing them. Price: $2; cheaper when purchased in bulk...

Author: /time Magazine | Title: The Old Art of Writing Needs a Cool New Pen | 11/20/2008 | See Source »

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