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...back to business. This is especially true of those who don't owe the government any money. The conventional thinking is that the $700 billion of Troubled Asset Relief Program (TARP) money was the beginning and will be the end of the bailout. TARP lent $238 billion to more than 680 banks, according to SNL Financial, a research firm; 44 of these banks have repaid a total of $71 billion. Thus, there's less than $170 billion, a relative pittance, of TARP money invested in banks...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...During the boom years, banks lent vast sums of money to developers as property fever gripped the newly wealthy nation. But when the bubble burst with the global meltdown last year, these unpaid loans left huge holes in the banks' books and the liberal lending of the Celtic Tiger era came to an abrupt halt. To steady the ship, the government placed a blanket guarantee on deposits in six Irish banks last September. At the time, according to Finance Minister Brian Lenihan, it was "the cheapest bailout in the world." But that claim soon came back to haunt...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...large as 10 ft. as measured along the diagonal. (It can throw an image as big as 25 ft. across, but it would look considerably dimmer.) Optoma also recommends using a projector screen, and I can attest that the image looked way better on the 80-incher they lent me - a decent foldable one costs $399 - than it did on the wall. (See the best inventions...

Author: /time Magazine | Title: Projecting a Better Image | 10/15/2009 | See Source »

Inevitably, one Grossman act inspired the other: PP&M recorded "Blowin' in the Wind," the first Bob Dylan song to become a hit, and lent a mellow rue to his "Don't Think Twice, It's All Right," thus spurring a small industry of Dylan covers and easing the singer-songwriter's emergence as his own wiliest interpreter. They had hits with new compositions (John Denver's "Leaving on a Jet Plane") and reworked folk tunes (Hedy West's take on "500 Miles"). Other groups had recorded these songs, but PP&M sold them best, with artfully simple musical settings...

Author: /time Magazine | Title: Folk's Beloved Princess: Mary Travers Dies at 72 | 9/17/2009 | See Source »

...like Greenpeace and the World Wildlife Fund (WWF) have warned that overfishing could cause bluefin tuna to go the way of dinosaurs and dodos. Now the European Commission says it agrees with that grim assessment. In a compromise that unites Europe's departments of environment and fisheries, the commission lent its support to a proposal that, barring new scientific evidence, would list Atlantic and Mediterranean bluefin as an endangered species - and therefore ban its trade - for two years. "This decision marks an important step in the protection of Atlantic bluefin tuna," Stavros Dimas, environment commissioner, said in a press release...

Author: /time Magazine | Title: Europe Moves Closer to Banning Bluefin-Tuna Trade | 9/9/2009 | See Source »

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