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French news junkies have looked on in horror over the past few months as America's most august papers slashed staffs and in some cases morphed into exclusively online entities to weather the worst financial storm the industry has ever seen. On Thursday, however, some of that U.S. media pain hit closer to home, as French readers of the left-leaning Libération popped into newsstands to find their favorite daily nowhere to be found. The reason: managers of the financially troubled Libé decided not to publish on Ascension and five other national holidays throughout the year...

Author: /time Magazine | Title: French Newspapers Cutting Back on Holidays | 5/21/2009 | See Source »

...looked at all the banks as a group. By aggregating the data, the Fed presumably could make better estimates of what would be the loan losses at the individual banks. The stress tests also looked out two years, instead of the usual one, as regulators gauged if banks could weather a worsening of the economy - where the stress in the name comes from - and not just whether they had enough capital to pay for current losses. Most importantly, the results of the stress tests were publicized and presented in a way that was easy for most people to understand...

Author: /time Magazine | Title: Is It Time to Plan Another Round of Stress Tests? | 5/18/2009 | See Source »

...will start to talk about the past rather than the future. We're seeing that happening a lot with brands now. They're saying, "Hey, if you talk about the past, people feel safe." For instance, I went on a summer holiday, and it was a disastrous holiday. The weather was crap, the food was bad and the hotel was bad. But when you look at the photos from that holiday two years later, you kind of forget all the bad memories you had. That's exactly what's happening in our minds. Companies will start to push the past...

Author: /time Magazine | Title: How Shoppers Make Decisions in a Recession | 5/18/2009 | See Source »

...increasing environmental damage and that require immediate restrictions on companies that pollute is "if the vast majority of the world's scientists are right, we have just ten years to avert a major catastrophe that could send our entire planet into a tail-spin of epic destruction involving extreme weather, floods, droughts, epidemics and killer heat waves beyond anything we have ever experienced." It is frightening and it is likely to be true, although Gore's theories have detractors...

Author: /time Magazine | Title: Even Al Gore Can't Bring Attention to the Environment and Recession | 5/18/2009 | See Source »

Netanyahu knows the U.S. well. His father taught Jewish history at Cornell University, and the Prime Minister graduated from MIT. His advisers say he has a weather eye for the mood in Washington and knows it is not as sunny as it used to be. Israeli officials have gauged that while Netanyahu can count on support from the Obama Administration and Congress, "it's no longer infinite," says an official at a pro-Israeli lobby in Washington. Obama is not George W. Bush, who backed Israel's wars in Lebanon and Gaza and rarely complained about the expansion of Jewish...

Author: /time Magazine | Title: Israel's Netanyahu: Taking a Turn Toward Pragmatism? | 5/18/2009 | See Source »

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