Thursday, April 16, 2009

TIME Daily News 24/7

Today's Top Stories

The New Frugality: How Americans Are Cutting Back

By NANCY GIBBS

Americans react to the downturn with big changes in attitudes and spending habits, but they're not giving up hope

In Mexico's Drug Wars, Obama's Visit Promises Help

By IOAN GRILLO / TIJUANA

Mexico wants to absorb some of the new American president's enthusiasm but bilateral problems are immense — and the drug war seemingly intractable

Will U.S. Troops Be Asked to Stay On in Mosul?

By MARK KUKIS / BAGHDAD

U.S. commanders effectively offer to extend the stay of American troops in Mosul but Baghdad may be resigned to the city being the country's permanent hot spot

Banks Balk at Selling Toxic Assets

By MASSIMO CALABRESI

Fearing big losses on toxic asset sales, banks are resisting the government's heavily subsidized bank rescue plan

The Morning After: Robo-Edition

By JAMES PONIEWOZIK

This is Robo-James. The Morning After is a daily post in which humans can discuss the previous night's television transmissions, as perceived with your limited senses through the gelatinous orbs you call eyeballs.

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TIME Blogs

Swampland

By Michael Scherer

Barack and Michelle Obama released their tax returns this afternoon. The first couple made at total of $2.7 million in 2008 and paid $881,337 in federal taxes.

Special Package

The New Frugality: How Americans Are Cutting Back

Americans react to the downturn with big changes in attitudes and spending habits, but they're not giving up hope

Quotes of the Day

" I totally understand O.J."
HULK HOGAN,
American pro wrestling legend, currently embroiled in a bitter divorce, on the former football great who was found liable for the deaths of his wife and another man
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Postcard from...

Barcelona

Spain's Costumed Debt Collectors: Final Notice?

By Lisa Abend

In Spain, costumed debt collectors embarrass borrowers into paying back the money they owe. But new proposed legislation could put an end to the tradition of debt collection by humiliation

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