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...creating mortgage bonds filled with risky home loans and then passing those bonds off as safe investments to foreign investors. "Most of the blame for the financial crisis lies in the choices that were made inside the U.S.," says Anil Kashyap, an economics professor at University of Chicago's Booth School of Business...

Author: /time Magazine | Title: Did Foreigners Cause America's Financial Crisis? | 1/15/2010 | See Source »

Drinking increased after the 1991 fall of the Soviet Union. Although personally fond of vodka, Boris Yeltsin abolished the state monopoly and instituted laws to keep drinking in check. He outlawed sidewalk liquor kiosks - prompting merchants to build tiny phone booth-size stores instead. He also raised the price of vodka, which only encouraged the black market for samogon...

Author: /time Magazine | Title: Russians and Vodka | 1/5/2010 | See Source »

...serial candidates. Sita exerts tremendous power over Indian popular culture: she is the bane of feminists, the impossible ideal held up by disapproving in-laws and yet, for many women, an object of devotion. What political party wouldn't like some of that heady aura in the polling booth...

Author: /time Magazine | Title: Spice Girl | 12/7/2009 | See Source »

...boundary-testing works that most stretch thinking—and ultimately strengthen belief. In some sense, Benedict’s get-together did acknowledge this; if art can “enslave” us, it can also save us. (The Pope even floated the idea of a booth at the Venice Biennale next year: one can only wonder the contents of the goody bags he’d pass out.) But it takes a startling lack of faith to argue that contemporary creative acts are isolating and worthless simply because they don’t contain the overt moral...

Author: By Jessica A. Sequeira | Title: The Art of the Matter | 11/23/2009 | See Source »

...through political circles: that New Jersey is impossibly corrupt and that the fix is in for the Democrats. As with most conservative voter-fraud scares, this charge had more to do with race-baiting and delegitimizing potentially unfavorable election results than with securing the sanctity of the voting booth...

Author: By Sam Barr | Title: You Give Fraud a Bad Name | 11/16/2009 | See Source »

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