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What is clear from the hearing is that commercial real estate could turn out to be a much bigger problem for banks and the economy than the Treasury Department, the Federal Reserve and other bank regulators seem to believe. "The question is, What percentage of commercial real estate loans will have trouble refinancing?" Parkus said at the COP hearing. "It is likely to be a big problem...

Author: /time Magazine | Title: Commercial Real Estate — the Economy's Anvil | 5/29/2009 | See Source »

...craps turn begins with an initial or "come out" roll, in which the player tries to establish a "point number" - that is, when the dice add up to four, five, six, eight, nine or 10. Once that happens, the player must roll the point again before throwing a seven, which is statistically the most likely outcome on a pair of dice. If the player rolls a seven before the point, the turn ends...

Author: /time Magazine | Title: Holy Craps! How a Gambling Grandma Broke the Record | 5/29/2009 | See Source »

...episodes in her history as a judge that Republicans will scrutinize carefully, especially an affirmative-action decision that the Supreme Court is re-examining right now. But absent a time bomb hidden among her rulings and public statements, there's not much Sotomayor's opponents can do to turn her into a scary radical - or to counter that compelling personal story. (Read "Judge Sonia Sotomayor Headed for Easy Supreme Court Nomination...

Author: /time Magazine | Title: Sonia Sotomayor: A Justice Like No Other | 5/28/2009 | See Source »

...negotiating over the budget is likely to turn brutal, although Obama aides insist the President will veto the budget if Gates isn't satisfied with the result. And then there are the wars - especially Afghanistan, which Gates has said he hopes will turn around in the next year, but which has obviously become a more difficult enterprise than anticipated. Gates originally had planned to retire after a year or so, but he seems to have settled in, found a level of comfort and influence with the Obama Democrats that he never quite expected. "I don't do maintenance," Gates told...

Author: /time Magazine | Title: Robert Gates: The Bureaucrat Unbound | 5/28/2009 | See Source »

...Technical Manifesto of Futurist Painting declared: "The motor bus rushes into the houses which it passes, and in their turn the houses throw themselves upon the motor bus and are blended with it." Carlo Carrà captured this energy in the kaleidoscopic What the Tram Told Me (1911), while Umberto Boccioni conveys the rush of rail travel in his triptych States of Mind (1911). The second painting in the series, Those Who Go, depicts giant dreaming heads swept along with fragmentary buildings, leaving faded gray figures marooned on the platform in the third panel, Those Who Stay...

Author: /time Magazine | Title: The Past of Futurism at the Tate | 5/28/2009 | See Source »

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