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...problem with smashing the whole system, however, is that it's a lazy answer to a fierce challenge. Modern capitalism has created unprecedented wealth in our lifetime, shown its power to lift people out of poverty and spread a culture of competitive genius. So we make a case for who got us here, and who might have saved us and didn't. Even faith itself can be faulted when it turns into blind optimism that sees no risk, hears no sirens. There are plenty of prosecutors who will have a chance to make their case against anyone who crossed...

Author: /time Magazine | Title: In Defense of the Recession Blame Game | 2/12/2009 | See Source »

...should NASCAR rev up its popularity during a recession? Maybe Bruton Smith has the answer. Smith, the chairman and CEO of Speedway Motorsports, which owns seven racetracks on the Sprint Cup circuit, recently ruminated about three-time defending champ Jimmie Johnson at a media event. "Great guy," he said. "He's a neighbor. I like him a lot. I like his wife. But if Jimmie would just get out of his car and go over and slap somebody one time, that would help. He can slap me. I don't care, but I'd just like to see these drivers...

Author: /time Magazine | Title: Daytona Drag: NASCAR Tries to Outrace the Recession | 2/12/2009 | See Source »

...thought we could have gotten away with an opening number that made fun of genocide, we would have. Instead, we just wasted hours making those jokes anyway. We also spent a lot of time trying to figure out if we'd get in trouble for ordering room service. The answer...

Author: /time Magazine | Title: I Wrote the Oscars! | 2/12/2009 | See Source »

...same time, some houses are still overvalued. Economists disagree by how much, and the answer changes from region to region. Houses in Cleveland are undoubtedly cheap. They could use some new home buyers there. But if we're still not in the ballpark of normality overall--and certain market watchers think we might see prices drop an additional 10% to 15% nationally before this thing is over--then spending billions to spur on buyers won't be a magical fix. "To prop up prices above fundamentally justified levels is throwing good money after bad," says Joe Gyourko, professor of real...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

...waiting for," she said. "With Tsvangirai in government ... [this] is where the future of the country lies." Freeman Matake of Masvingo added, "This is the dawn of a new era in Zimbabwe." A police officer, who spoke only on condition of anonymity, agreed. "This man seems to be the answer to our problems. His determination is a source of hope." (See pictures from the tense walk-up to Zimbabwe's elections...

Author: /time Magazine | Title: Does Zimbabwe's Unity Government Stand a Chance? | 2/11/2009 | See Source »

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