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...pumping close to 100 billion euros into the short-term-credit markets - an unexpectedly massive intervention. It was as if the global financial system had had an angina attack, a brief, unexpectedly painful episode that signaled what a few senior Fed officials were beginning to fear: a full-blown economic heart attack might well be coming. During the Jackson Hole meetings, Geithner pressed the view that Fed policy was behind the curve; the problem in the credit markets was big and likely to get worse, and the Fed needed to get out in front...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

...Grundy Center, Iowa (pop. 2,596), while a woman explained that she didn't think he could protect the country as well as a Republican. "Don't think that I care any less than Rudy Giuliani or Mitt Romney about making sure that my daughters don't get blown up," Obama told her. He paused for a moment and then laughed, knowing he should probably stop there. "I live in Chicago," he continued. "It's a much more likely target than Grundy County...

Author: /time Magazine | Title: Obama's Other Breakthrough: A Big-City President | 1/13/2009 | See Source »

...that causes weight gain, or a belief that addiction is a disease that robs you of free will - are what derail thousands of quitters and abstainers from their New Year's resolutions. You could also call it the "f___ it" effect, the idea that once you cheat, you've blown it, so you might as well binge. In traditional 12-step programs for addiction, that line of thinking is encapsulated in the slogan "A drink equals a drunk." But understanding and overcoming AVE, says Marlatt, is crucial to conquering a problem behavior or dependency in the long term. You have...

Author: /time Magazine | Title: Why Falling Off the Wagon Isn't Fatal | 12/30/2008 | See Source »

...quit in the 1970s, Marlatt discovered that people who considered the act of smoking a single cigarette after their quit date to be a complete defeat and evidence of an innate and permanent lack of willpower were much more likely to let a momentary lapse become a full-blown relapse. That was the start of Marlatt's work on AVE. Since then, he has become one of the world's leading authorities on preventing relapse. (See photos of vintage cigarette...

Author: /time Magazine | Title: Why Falling Off the Wagon Isn't Fatal | 12/30/2008 | See Source »

Most people who try to change problem behaviors - whether it's overeating, overspending or smoking cigarettes - will slip at least once. Whether that slip provokes a return to full-blown addiction depends in large part on how the person regards the misstep. "People with a strong abstinence-violation effect relapse much more quickly," says Marlatt. A single slip solidifies their sense that they are a failure and cannot quit, creating a self-fulfilling prophecy...

Author: /time Magazine | Title: Why Falling Off the Wagon Isn't Fatal | 12/30/2008 | See Source »

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