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...deficit, California faces a severe cash-flow crisis and state controller John Chiang warns that the state could run out of money in July. California has the worst credit rating among the 50 states, so its leaders have pressed the Obama Administration and Congress to act as a co-signer on the state's borrowing. As with AIG, California officials argued, the state is too big to fail. "A fiscal meltdown by California ... would surely destabilize the U.S., if not worldwide financial markets," state treasurer Bill Lockyer wrote U.S. Treasury Secretary Timothy Geithner on May 13. Yet experts say such...

Author: /time Magazine | Title: Can the U.S. Afford to Let California Fail? | 6/19/2009 | See Source »

...After all, British director Guy Ritchie will presumably have to feature a pipe in ads for his upcoming movie about Sherlock Holmes, due out in France next year. And promising to be even more inflammatory, marketing will soon start on French director Joann Sfar's film about late French signer Serge Gainsbourg, a pop hero whose bad boy image was built on lavish public displays of tobacco and alcohol abuse. Good luck banning that...

Author: /time Magazine | Title: In the Paris Métro, Even Dead Legends Can't Smoke | 4/23/2009 | See Source »

Under the terms of the agreement, students will be allowed to borrow money for educational purposes without a co-signer, a requirement for most student loans...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Harvard Strikes Loan Deal | 3/2/2009 | See Source »

...release last week of a human rights manifesto signed by hundreds of mainland scholars, lawyers and ex-officials has prompted a stern response from Chinese authorities who have jailed one signer and contacted dozens...

Author: /time Magazine | Title: Beijing Clamps Down After Call for Democracy | 12/17/2008 | See Source »

...happiest people I know.”She lengthened the arch of her back and began to dance on the stage. She extended her hands, she pulled them in. She stepped back to the right, she stepped forward. A rhythmic sequence unfurled while she told the spellbound signer translating on stage right to stop staring and continue signing. She continued to glide through the sequence of steps, the beginning of her work entitled “Accumulation.” After the improvised performance an audience member asked how she could do something so beautiful. She waved her hand modestly...

Author: By Ama R. Francis, CRIMSON STAFF WRITER | Title: LINEAR PERSPECTIVE: Trisha Brown | 11/21/2008 | See Source »

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