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Dates: during 2000-2009
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Lebanon's art-deco parliament building in downtown Beirut has the look of an old-time movie palace, which seemed appropriate on Tuesday as a steady stream of armored black luxury cars disgorged the country's politicians, who walked up the steps through a gauntlet of journalists as if they were actors at a high-security red-carpet ceremony. As it happened, however, the show was a dud. Meeting for the first time in over nine months, Lebanon's parliament opened today for a special session to elect a president of the republic, and then almost immediately shut down without...

Author: /time Magazine | Title: Lebanon: In Search of a President | 9/25/2007 | See Source »

...never relied on the credit markets to the degree Northern Rock did. Even so, "we'll see a slow pull back" in their reliance on other banks for cash, reckons BGC Partners' Wheeldon. Looking at the consequences of Northern Rock's over-reliance on a single, unexpectedly risky revenue stream, he says, "they will have learned lessons...

Author: /time Magazine | Title: Rock Bottom | 9/20/2007 | See Source »

...Governor of California, Ronald Reagan pledged not to raise income taxes, declaring that his feet were "in concrete" on the issue. State income taxes were collected by withholding, and Reagan believed taxes should be obvious and painful. But once in office, he found that there was no other revenue stream that could balance the state budget, and so he submitted an economic plan that called for higher withholding taxes. "The sound you hear," he said at a press conference, "is the sound of concrete cracking...

Author: /time Magazine | Title: The Grand Tradition of Flip-Flopping | 9/13/2007 | See Source »

...Manning of the Giants and Chad Pennington of the Jets - may miss games because of shoulder and ankle injuries, respectively. Orlando Pace, the all-pro offensive lineman from the St. Louis Rams, tore the labrum and rotator cuff in his right shoulder. He will miss the season. A steady stream of injuries marred Cincinnati's thrilling 27-20 win over the Baltimore Ravens Monday night: about a dozen Ravens visited the team doctor Tuesday morning for treatment...

Author: /time Magazine | Title: Is Football Too Dangerous? | 9/11/2007 | See Source »

...thoughtfully pre-warmed toilet seat. Then came a disturbing discovery: Even though the other stalls were occupied, mine was the only one from which pee sounds were audible. All around me, I heard a great Zen-like steam of rushing water, but nary a human tinkle. I stopped mid-stream, overtaken by a sudden case of lavatory fright. In the land of toilets so fancy they sport buttons that manufacture artificial "flushing sounds," I had apparently committed a serious bathroom faux...

Author: /time Magazine | Title: The Discreet Charm of the Ladies' Room | 9/11/2007 | See Source »

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