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...summary of credit-card terms in a font size dictated by the Federal Government (it needs to be large enough to catch your attention). Credit-card statements that were a page long in the early 1980s now easily run to 30. That's a lot of information. And yet America's overreliance on consumer debt has happened anyway. Why? Disclosure itself may not be enough considering the well-entrenched forms of human thinking we're dealing with. "There have been a lot of disclosure policies over the past 20 years, but they've had a limited effect on improving...

Author: /time Magazine | Title: The Real Problem with Credit Cards: The Cardholders | 5/12/2009 | See Source »

...Wall Street Journal has raised the issue of whether the Chinese consumer can replace the U.S. consumer as the most important engine of the global economy. The answer is "not yet", but if consumer spending keeps dropping in America and the appetite for consumer goods among the Chinese middle class keep growing, that picture could change...

Author: /time Magazine | Title: The Argument Over China's Economic Prospects Intensifies | 5/12/2009 | See Source »

...feet long, tipped by a 13-inch fingernail. Designed by French sculptor Frederic-Auguste Bartholdi to celebrate the centennial of the Declaration of Independence, the statue's $250,000 tab was covered via donations, a French national lottery and a benefit concert at the Paris Opera, among other things. America, in return, was responsible for the statue's base and pedestal, to be constructed within the existing walls of Fort Wood, an Army post on what was then known as Bedloe's Island. At first, most Americans weren't fans of Lady Liberty; out-of-town newspapers and political leaders...

Author: /time Magazine | Title: The Statue of Liberty | 5/12/2009 | See Source »

...number of Western states to local authorities. The passions it stirred up helped propel the self-proclaimed Sagebrush Rebel, Ronald Reagan, to the presidency. Now the Amendment is being invoked by pro-gun advocates to press for state, rather than federal, regulation of gun manufacturers. (See pictures of America's gun culture...

Author: /time Magazine | Title: States' Gun Rights: The Next Constitutional Battlefield | 5/12/2009 | See Source »

...pictures of crime in Middle America...

Author: /time Magazine | Title: States' Gun Rights: The Next Constitutional Battlefield | 5/12/2009 | See Source »

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