Word: america
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Americans have a long, sordid history with borrowed money. In Collateral Damaged: The Marketing of Consumer Debt to America, Charles Geisst, a professor of finance at Manhattan College, takes us through the centuries to explain how we wound up at our most recent - and spectacular - credit bubble. TIME's Barbara Kiviat spoke with...
...speculative bent sooner? Our banking system was never national. In fact, it wasn't even retail in the 19th or early 20th century. The banks that were capable of doing the most lending to individuals didn't actually do it. We had to wait until Bank of America, for instance, got into business and a lot of the companies like Household Finance that started making consumer loans for this thing to actually warm...
...unlikely savior in Star Wars. The sci-fi flick and the collectables it spawned rekindled America's appetite for action figures, so Hasbro reintroduced a scaled-down line of G.I. Joes to try and capitalize on the trend. Instead of a single character, there was an entire battalion of G.I. Joes, each given signature weapons, backstories and code names like Scarlett and Snake Eyes. Joe also got a new enemy, Cobra -"a ruthless terrorist organization determined to rule the world," as described in the intro to the 1980s TV cartoon G.I. Joe: A Real American Hero. (Cobra operatives got action...
...pictures of crime in Middle America...
...drugs to seniors who get caught in Medicare's infamous gap in coverage known as the "doughnut hole." But the real boost that the drug lobby is giving to the health-reform effort is a political one. Ken Johnson, a spokesman for the Pharmaceutical Research and Manufacturers of America, insists his organization is wholeheartedly behind the idea of comprehensive health reform. And as he puts it, "We are a force to be reckoned with, but we're also a great friend to have on your side...