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...existing $370 billion plan granting a government guarantee on bonds issued by banks, earmarked to close in April, was extended to the end of 2009. And Northern Rock, the mortgage bank crippled by the credit crisis and nationalized in 2008, will abandon plans to wind down its mortgage book, the government said, and instead boost funds available to home buyers. (Read "Four Steps to Ending the Foreclosure Crisis...
...Enter Facebook, which provides a constant flow of information via short updates from everyone a user knows: a distant cousin is glad he skipped the cheeseburger chowder; a colleague has a new book on sale; a close friend is engaged or newly single. Jenny and I, along with three of our childhood pals from Saratoga Springs, N.Y., learned that a dear old friend had ended her seven-year relationship through a Facebook status change. We expressed dismay, albeit through Facebook's IM feature, that we had to learn such potent information in this impersonal way. (See the best social networking...
...distinctly personal. Although social-networking sites typically encourage connections among strangers - like on MySpace, where people converge through common interests, or online dating, where the whole point is to greet new faces - Facebook is geared toward helping people maintain existing connections. The site serves as a self-updating address book, keeping users connected no matter their geographical shifts. "There are people from my past life that I never would have tracked through 10 job changes and 20 e-mail changes," says Nicole Ellison, an assistant professor at Michigan State and lead author of the Facebook "Friends" study, which focused...
...panaceas for a continent still plagued by one of the world's worst gaps between rich and poor. Democratic elections are of course a good thing. But "if we want to win the hearts and minds of people in Caracas, Jakarta, Nairobi or Tehran," Obama wrote in his 2006 book, The Audacity of Hope, "dispersing ballot boxes will not be enough. We'll have to make sure that the international rules we're promising enhance, rather than impede, people's sense of material and personal security...
Weekends Half-Off. Save up to 50% on weekend travel at select Hilton properties around the world: Stay in London for just $81 per night, or Paris for $120 per night. Enjoy a few extra perks like 6 p.m. checkout and no charge for kids' stays or meals. Book between now and Jan. 31 for travel through August...