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...money has dropped; There is almost certainly no truth in that. Many banks still want to keep as much capital as they can in the event of future losses. The same bankers may have been slow-minded enough to dump money into derivatives, but they are shrewd enough to stay out of lending into a real estate market which may well still be dropping...

Author: /time Magazine | Title: Why the Housing Market Has Yet to Hit Rock Bottom | 2/5/2009 | See Source »

Several GM board members have served since the late 1990s, so they have seen enough of the history of the car industry to know that oil does not stay cheap forever. Two of the longer serving members on the Ford board are members of the founding family. They could hardly have missed the lessons of the early 1970s oil crisis...

Author: /time Magazine | Title: Boards Refuse to Act Despite Poor Governance | 2/5/2009 | See Source »

...seems reasonable that the individual should get a cut of it. There's also a scarcity premium involved. Presumably, there are only so many folks out there who can bring in $10 million or $100 million in a given year, so you have to include some pay-to-stay money...

Author: /time Magazine | Title: Can Obama's Executive-Pay Limits Tame Wall Street? | 2/4/2009 | See Source »

...hard to stay loyal to liberal markets when voters are demanding action in the middle of an economic meltdown. Nowhere has that been more evident than in Britain - long the European Union's most enthusiastic cheerleader of American-style deregulation and free trade. On Monday, U.K. unions held a repeat of last week's wildcat strikes protesting a decision by a French-owned oil plant to bring in 300 Italian and Portuguese contract laborers. British workers at the refinery in northeast England say they want jobs to go to locals, not to cheaper foreign workers. The move sparked rare...

Author: /time Magazine | Title: Protectionism on the Rise in Europe? | 2/4/2009 | See Source »

...Nujood says she thinks only about learning now - hardly the typical response from a 10-year-old child. As though she has no time to lose, she cut short her stay in Paris this week - including canceling a press conference - saying she wanted to get back to school. She says she ultimately hopes to work for women's rights in Yemen; in Paris she discussed the problem of child marriage with France's Human Rights Minister, Rama Yada, and Urban Affairs Minister Fadela Amara. And Nujood says she has already chosen her future career: "I want be a lawyer...

Author: /time Magazine | Title: A 10-Year-Old Divorcée Takes Paris | 2/3/2009 | See Source »

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