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...Walton suggests that a decade's worth of ever easier credit acted like a drug in Prosperity's bloodstream. "The economic boom '90s and financial overextensions of the new millennium contributed to the success of the Prosperity message," he wrote recently on his personal blog as well as on the website Religion Dispatches. And not positively. "Narratives of how 'God blessed me with my first house despite my credit' were common. Sermons declaring 'It's your season to overflow' supplanted messages of economic sobriety," and "little attention was paid to ... the dangers of using one's home equity...

Author: /time Magazine | Title: Maybe We Should Blame God for the Subprime Mess | 10/3/2008 | See Source »

...Kissed a Girl” was the song of the summer—love it or hate it (and many do), the Billboard Hot 100 has been tasting cherry Chapstick for 20 weeks and counting. Even New York Magazine’s imperious “Vulture” blog had to admit the song’s success, but not without threatening to move to Canada...

Author: By Jillian J. Goodman | Title: The Summer of (Lesbian) Love | 10/3/2008 | See Source »

...sensational, anonymous Harvard blog Gossip Geek, which publishes usually-fake gossip about campus “celebrities” along with blurry photographs that allegedly feature them, broke the story by calling Ballesteros out on the early campaigning. They compared Ballesteros to Barack Obama, a Filipino boxer, and Ron Paul, by turns calling him “dreamy” and a “shady character.” The blog called his campaign violation a “scandal,” made fun of his Facebook group’s promises, and linked to a video...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: Frosh Pitch UC Bids Via Internet | 10/2/2008 | See Source »

...cyclical." Still, on the Monday of the vote and subsequent market crash, Biehl took a look at her 401(k) and discovered she had lost $6,300. "But then I thought, I have still doubled my money since I first started investing and - as I wrote in my blog - this too shall pass," she says. While Biehl realizes the need to do something, she wants Washington to go a little slower and more deliberately with the passage of a bailout. "My hope is that we are taking a little bit of a break - hope we can find some sense...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...reserves. If that's true it would make more sense for taxpayers to give them cash outright, and take a big ownership stake in return (with the idea of selling it off a few years down the road). The Swedish solution, they call it (and longtime readers of this blog know it was being discussed here long before anybody else in the U.S. was talking about it). The version of the bailout plan voted down in the House Monday seemingly would have allowed Treasury to take such action. But it also would have allowed Treasury not to take such action...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

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