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...that the great credit freeze may finally be starting to thaw. Morgan Stanley says that its analysts are seeing an improved credit landscape in most of the industries they track. "With the exception of utilities, a clear majority of firms in every other sector reported that credit availability had either remained the same or become easier over the past three months," Morgan Stanley's February 17 report notes...

Author: /time Magazine | Title: Why the Stock Market Keeps Plummeting | 2/17/2009 | See Source »

...hoping for an opening on the restaurant’s waitlist. As for Valentine’s Day, “There wasn’t an empty table from 11 in the morning until midnight,” said Mary-Catherine Deibel. Upstairs offered two fixed-price menus, either $85 or $125, depending on where they dined in the restaurant. And the servers felt the love too. “Tipping’s very good on Valentine’s Day,” Deibel said. “Everyone’s trying to impress their date...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Valentine’s Dining Defies Recession | 2/17/2009 | See Source »

...Curtis adds that if Aso resigns, the LDP would need to find someone to lead the party into the general election. "But who wants that job now when they know they're going to lose the next election?" Curtis says. "Either way, you have to assume the chances are very good that the LDP will get absolutely blasted in the next election and that the [opposition Democratic Party of Japan] will come to power," he says...

Author: /time Magazine | Title: Japan's Prime Minister Aso Faces Ugly Economic Truths | 2/16/2009 | See Source »

...environmental anomalies in the Atlantic that make a collision more likely, according to Ferguson. Submarines on a deterrent mission, for instance, tend to congregate in places where they are unlikely to be found by other submarines and spy planes. "There are oceanographic factors in which you can be on either side of an ocean front where the temperature is slightly different on your side than the others," says Ferguson. "Where the gulf stream comes across the Atlantic is a prime point of this. Sometimes these barriers can be quite hard - no sound penetrates at all. And if your business...

Author: /time Magazine | Title: Did France's Secrecy Cause a Nuclear-Sub Collision? | 2/16/2009 | See Source »

...multiple city-destroying warheads on the French and British submarines are not at risk of detonation from collision, Ferguson says. But had a nuclear reactor been damaged on either boat, it could have poisoned the crew and spread radioactive waste for miles across the Atlantic...

Author: /time Magazine | Title: Did France's Secrecy Cause a Nuclear-Sub Collision? | 2/16/2009 | See Source »

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