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...continuing to throw money at the banks, the government is on the road to prolonging the recession and effecting massive inflation once confidence is restored and the economy then has too much liquidity. By making money available to the banks essentially for free, the Fed does not guarantee that the banks will lend out the money to businesses. There is no motivation to lend money at low rates when capital preservation (i.e., lack of confidence) is still a leading issue. Rates may be low, but the banks are not going to offer these rates to the individuals and industries that...

Author: /time Magazine | Title: Fighting the Last Depression: The Fed's Policy Errors | 12/30/2008 | See Source »

...deal," Shalala says. "They used to call up, asking for a table at a club, not caring what it cost. These days they're saying, 'Well, I can get a table at another hotel for $1,000.'" Though Shalala hasn't dropped rates drastically to attract customers, he does throw in extras like free concert tickets, promotional chips to spend in the casinos or discounts at the retail shops...

Author: /time Magazine | Title: Behind Vegas's Bad Bet | 12/29/2008 | See Source »

...years younger. And I do sleep a lot better and I did have to buy a new wardrobe, so that was very cool. Another sort of hidden benefit is that my eating has become even simpler. Yesterday I made vegetable soup. It took like 10 or 15 minutes to throw it together and it was really good. It's not that I wouldn't have done that before, but I would have thrown in a sausage or some bacon or a bunch of croutons and now it's like five ingredients: Carrot, potatoes, fennel, onion and split peas, plus barley...

Author: /time Magazine | Title: Cookbook Author Mark Bittman | 12/29/2008 | See Source »

...failed draft picks to dig Detroit into its current hole. Although every armchair football aficionado knows that defensive- and offensive-line play wins championships (or at least a game or two), Millen repeatedly spent top draft choices on low-impact wide receivers, despite not having a good quarterback to throw them the ball. The low point: in 2003 Millen used the second overall pick on Michigan State wideout Charles Rogers, who was recently sentenced to nine months of drug counseling following an assault-and-battery arrest involving his fiancée. Among the top players Millen passed over for wide...

Author: /time Magazine | Title: How Can Detroit Go Winless in Today's NFL? | 12/28/2008 | See Source »

...UCSB’s Jenna Green turned the ball back over to Harvard to set up senior forward Katie Rollins’ game-winning layup. After yet another Gaucho turnover, Rollins hit a free throw with three seconds remaining to seal...

Author: By Crimson Sports Staff | Title: WEB UPDATE: Women's hoops tops Gauchos to open California swing | 12/21/2008 | See Source »

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