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...banks are left on their own to work through loan failure of this magnitude. "Germany has not succeeded yet in getting control of the financial crisis," says Klaus Zimmermann, president of the Berlin-based DIW economic research institute. "We must quickly extract the toxic assets from the system so that the banks can finally reassume their service role for the real economy...

Author: /time Magazine | Title: Why Berlin Says U.S. 'Bad Bank' Plan Is Bad | 3/30/2009 | See Source »

...original concern of the leaders who will come to the summit is that a lack of regulation was the root cause of the financial and credit catastrophe that ruined the international banking system. Leaving aside whether regulation can, in and of itself, make the financial markets less risky, increasing the power of regulatory bodies costs almost nothing in terms of creating new laws and staffing oversight agencies. There should be very little argument on that point. Every nation coming to the G-20 summit can afford to further regulate its banks and financial markets. However, there has been little time...

Author: /time Magazine | Title: The G-20 Summit: Obama Can Stay Home | 3/30/2009 | See Source »

...Those are things that are really important to help you get another job," says Rusty Rueff, who used to run HR for video-game maker Electronic Arts and was also a senior HR executive at Pepsico. Rueff also suggests making sure you're listed in your company's HR system as a person whom the firm would rehire: a potential employer may call and ask. And keeping your employment status as "active," even if you're no longer collecting any money or benefits, can help too. Rueff knows of one recently laid-off worker who negotiated that addition so that...

Author: /time Magazine | Title: As Layoffs Mount, Severance Packages More Negotiable | 3/30/2009 | See Source »

...snooze in flat-bed seats. In economy class, you'll have a 3-3-3 seat configuration with wider aisles, which may help you feel less cramped. All flyers can pass the 14-and-a-half-hour flight watching the airline's new video-on-demand system, with 250 films and TV shows...

Author: /time Magazine | Title: Rent This Hotel Room for $1. No Foolin'! | 3/29/2009 | See Source »

...technologies and an understandably onerous regulatory process, buffeted by plummeting electricity demand and soaring interest rates. The last nuclear plant ordered by a U.S. utility broke ground in 1973 and took 23 years to finish. The average cost overrun for a reactor approached 300%; the Washington Public Power Supply System-known as "whoops"-walked away from three plants mid-construction, triggering the largest municipal bond default in U.S. history. Even the reactor that failed at TMI was $500 million over budget and five years behind schedule. (Read the original 1979 TIME cover story on Three Mile Island...

Author: /time Magazine | Title: Three Mile Island at 30: Nuclear Power's Pitfalls | 3/27/2009 | See Source »

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