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Until June, the local Opel plant was enjoying a record year as Germany's economy hummed healthily along. In April, the company turned up the speed on its assembly lines to churn out even more cars. Instead of shutting as usual for three weeks during the summer, Opel closed the plant for just two and hired temps to supplement its full-time workforce...

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

...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 »

...broken toe. But that hasn’t stopped the freshman from achieving success in what looks to be a promising collegiate career. Despite his laid-back California style, Harms has a strict routine he goes through in preparation for every match. “I usually listen to my music before games,” said Harms. “I’m particular about my warm-up. It’s a pattern that you have to keep the same in order to play well.” Harms appreciates the role his teammates have been playing...

Author: By Melissa Schellberg, CONTRIBUTING WRITER | Title: Rookie Proves His Mettle in the Net | 10/15/2008 | See Source »

It’s Friday night and you forgo the usual ritual of tequila shots, awkward dancing to the latest T.I. song, and waking up the next morning (aka 3 p.m.) with painful aches and even more painful recollections for a mellow night of takeout from the Kong and numerous episodes of Gossip Girl. After getting your feet toasty warm by the fireplace (aka the stack of Moo Shu chicken on the floor) and cheering for Team Serena, you hear a drunken rendition of “Living on a Prayer” that would make even William Hung cringe...

Author: By Julia S Chen, CONTRIBUTING WRITER | Title: Turn it Down, Ten-Man! | 10/15/2008 | See Source »

...John Boehner, the Ohio Republican who leads his party in the House, declared that nothing being discussed by the Democrats "will stabilize the economy in the long term." In a letter to Pelosi, he labeled her party's ideas "an irresponsible, business-as-usual approach that has earned this Congress the lowest approval ratings ever recorded in the history of modern polling." An emerging GOP proposal has tax cuts and accelerated energy exploration as its building blocks for economic recovery. Last month, the House approved a $56 billion stimulus that GOP senators blocked. It would have increased unemployment benefits, boosted...

Author: /time Magazine | Title: The Dems' Plan C for the Economy | 10/14/2008 | See Source »

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