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Table of Contents:VOL. 157, NO. 3 - February 18, 2008
Cover Story
Now what? Markets are crazy, the outlook is dicey, bu there are plenty of ways to profit, if you keep your cool. more
Investor's Special
Recession road trip We packed our bags and canvassed the country to find out how America's business owners see it. more
How smart executives can use the bad times to make their companies better, stronger, and faster. more
It's not just Wall Street bailouts. Foreign ownership of U.S. assets is accelerating - and that's a worrisome trend. more
How the candidates play the sluggish economy will determine the winner - and it may not be a Democrat.  more
Rates on big mortgages are unusually high. Some tips for lowering the cost of borrowing to buy that expensive house.  more
Features
America's most exclusive club Tim Blixseth carved a private golf and ski resort out of the Montana wilderness. But the same skills that brought him success are now tearing his empire apart. more
Everything was going wrong for Merck a few years ago. So how did it get its mojo back?  more
Forget Google. The real king of advertising is mild-mannered GroupM CEO Irwin Gotlieb. more
The individual pictured on the cover of the February 18, 2008 issue of FORTUNE magazine and his employer have no connection to Societe Generale, and Fortune did not mean to imply any connection, or to comment in any way on his or his employer's professional abilities. more
First
A bold bid for Yahoo The story behind Microsoft's $44.6 billion offer to buy the Internet giant. The deal, which Yahoo was considering at presstime, would greatly expand Microsoft's online business and turn up the heat on its archrival, Google. more
Why the bidding from Redmond has a whiff of another famous tech deal that didn't go so well: AOL-Time Warner. more
Hack attack
Each year, more than 5,000 geeks travel to Hamar, Norway for the Gathering, a massive digital free-for-all where techies show off their chops. By Paul Sloan 
Technology
Need to know
Cool stuff on our radar screen, including a universal remote that turns off any TV within 50 feet and a USB credit card. By Jia Lynn Yang 
You probably thought you owned your address book. But a battle is brewing over how free and open digital contact lists really are. more
Mega-Projects
Game of the year The latest creation from the folks who brought us the Sims is overdue - and truly out of this world. An inside look at Spore, the most hotly anticipated game of 2008.  more
World Trade Center First in a series on the world's biggest construction projects. A picture portfolio. By Telis Demos. Photographs by Robert Polidori more
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