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Dates: during 2000-2009
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...resolving the bad-debt problems at the heart of the current financial crisis. Systematic apparently sounds good - the Dow jumped 400 points after CNBC first reported Thursday that such an effort was in the works, and on Friday, markets around the world opened sharply higher. But the price tag could be steep. "We're talking hundreds of billions," Treasury Secretary Hank Paulson said at a press conference Friday morning. "This needs to be big enough to make a real difference and get at the heart of the problem." The more alarmist economists are saying the cost of resolving the current...

Author: /time Magazine | Title: Washington Prepares the Mother of All Bailouts | 9/19/2008 | See Source »

...olde gangster cinema, mix in rappers, guns, and badges, add a healthy portion of serial-killer storyline, and top it off with a dash of cheap twist ending. But if I really wanted to draw out this clichéd food metaphor, this Al Pacino/Robert De Niro tag-team event would have to be more of a reheated meatloaf than a zesty fettucine alfredo. De Niro and Pacino, two of the most esteemed living movie actors, play a duo of disgruntled, aging homocide detectives on the NYPD in the midst of a serial killer investigation. The movie kicks off hard...

Author: By Alec E Jones, CRIMSON STAFF WRITER | Title: Righteous Kill | 9/19/2008 | See Source »

...despite this week's market meltdown, companies will still be keen to buy the special brand of magic that sports teams offer. Citigroup stumped up some $400 million to tag its name to a new stadium that baseball team the New York Mets will play in from next year. And British lender Barclays - who backed out of talks over a possible takeover of troubled Lehman Brothers last weekend - lavished a similar sum for the naming rights to the New Jersey Nets' planned Brooklyn basketball arena. If that sounds risky, consider its exposure in its home market: the U.K. bank...

Author: /time Magazine | Title: A Casualty of the Financial Crisis: Sports Sponsorships | 9/17/2008 | See Source »

...Alexandria, Va., who delivered some of the most accurate estimates of the cost of the savings-and-loan crisis of the 1980s. The S&L experience is instructive: the cost estimates started low (Ely's first guess was $25 billion), then eventually grew to $500 billion. The actual price tag, as calculated by the Federal Deposit Insurance Corp. (FDIC) long after the fact: $123.8 billion, or about 2% of annual GDP during the bailout years. That's equivalent to $286 billion today...

Author: /time Magazine | Title: With Fannie and Freddie, the US Is Bailout Nation | 9/11/2008 | See Source »

...fact is, regardless of what you will hear over the next few days, Bristol's pregnancy is not a legitimate political issue. Sarah Palin is a long-term member of a group called Feminists for Life, which is not opposed to birth control. So you probably can't tag her for consigning young people to unwanted pregnancies...

Author: /time Magazine | Title: In Wasilla, Pregnancy Was No Secret | 9/1/2008 | See Source »

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