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...raging debate about the largest American banks is whether their stock market values should be zero. Economist Nouriel Roubini, the most highly paid pessimist in the world, recently said that U.S. banks are "insolvent" and credit crisis write-downs will total $3.6 trillion. That is a great deal more than has been taken as losses by financial firms to date...

Author: /time Magazine | Title: For US Banks, The Glass Is 1% Full | 1/21/2009 | See Source »

...their theatrical best, lawyers are star actors who write their own lines, improvise to meet the occasion and use the courtroom as a stage to declaim on matters of life and death. Sir John Mortimer, who died at 85 on Jan. 16, was an Oxford-trained barrister (and the son of a barrister) who proved adept at arguing his cases both in his fiction and in real life...

Author: /time Magazine | Title: John Mortimer | 1/21/2009 | See Source »

What makes a song good is content. I always try to write a song so that if I had written it 50 years earlier, it would have meant something to people; at the time that I'm writing it, it's going to mean something to people; and 50 years from now, it's going to mean something to people...

Author: /time Magazine | Title: 10 Questions for Smokey Robinson | 1/21/2009 | See Source »

...mood songwriter. I don't have to be happy to write a happy song. I write what I'm inspired to write at that time. I'm a life observer and I'm a people watcher, and so I just see things that happen and I write about them...

Author: /time Magazine | Title: 10 Questions for Smokey Robinson | 1/21/2009 | See Source »

...Lowdown: In case you weren't aware, the sheer heft of this book and its contents serves to remind that Barack Obama has got a ton on his plate - starting now. As the dozens of contributors write, Obama has to: restore America's world leadership role, convince Americans that the government can work for them, responsibly pull out from Iraq, protect the homeland, reduce America's dependence on foreign oil, transition towards a green economy, invest in the nation's crumbling infrastructure, halt torture, close Guantanamo Bay, make the federal government transparent again, reduce global poverty, cut taxes, halt...

Author: /time Magazine | Title: Obama's Progressive Manual for Change | 1/20/2009 | See Source »

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