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...motorcycle for a tune-up. We also would need to leave a section of riverbank undeveloped because a local demigod traversed the land on his daily pilgrimage to a volcano up north. My husband and I eyed each other. We'd been prepared for the Bali property market to throw up a challenge or two. But a hopping spirit metropolis and a commuting demigod weren't exactly what we had expected...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

...cost of bank bailouts will leave national treasuries with little room for maneuver. Indeed, the bailout plans - under which stricken banks will receive direct injections of taxpayer money to strengthen their capital base, while governments provide guarantees aimed at getting banks to lend to one another again - may well throw government finances seriously out of kilter...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

...weeks, Ireland became the first country in the euro zone officially to stumble into recession. House prices - after rising almost threefold in 
 the decade to 2007 - have slumped 10% in the past year, weakening Ireland's construction industry, which plays an outsized role in the country's economy. Throw in frozen credit markets, high inflation, soaring unemployment and a new tax to pay for the financial crisis bailout, and it's little wonder Ireland's workers are again pondering a move abroad. Dublin's Economic and Social Research Institute, a think tank, forecasts a net migratory outflow...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

...still relatively strong and economies seizing up around the globe - the foreign visitors that typically make up a third of Bonduel's clientele have been thinning out and spending less. To make matters worse, many French visitors to his restaurant, Au Bon Saint-Pourçain - a stone's throw from the church of St. Sulpice in Paris' tony sixth arrondissement - are also eating and drinking less than usual. "I've checked the accounts," says Bonduel, "and I know I'll make no profit this month...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

...ship: no more lying, no more threatening, and no more baby insinuations. We’re better than that.” “C’mon, boss, one last try: I’m getting good with Photoshop after that Iraq stuff. We could maybe throw together a birth certificate that says Bill Ayers fathered John McCain’s black baby with Michelle Obama. How’s that for a silver bullet?” [Looks at Dick, who narrows his eyes vaguely.] “Um, yeah. You got my green light on that...

Author: By James M. Larkin | Title: From Republican Headquarters | 10/15/2008 | See Source »

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