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...another example take, well, Dean Baker. He and his wife sold their condo in Washington in the spring of 2004 and started renting. The cost of a house relative to a typical apartment rent had doubled in four years - you didn't have to be an economist to notice. That spread has narrowed substantially, but by Baker's calculations, there's more to go. Yet that didn't stop him from buying a couple of months ago. "We got an interest rate at the absolute bottom," he says, "and we wanted outdoor space...

Author: /time Magazine | Title: Own-ward Bound? | 8/31/2009 | See Source »

...death panel behind huge wooden desks in a big empty room like the audition scene in Flashdance. I know this will make it hard for the sickest people to attend, and that will make my first cut much easier. I will green-light medical intervention on four criteria: cost, likelihood of success, years of life saved and a person's awesomeness. For example, we'd all shell out to keep Justin Timberlake going for another 50 years, but we probably wouldn't kick in much to spot Michael Vick an extra four months. And we can all agree that...

Author: /time Magazine | Title: Joel Stein: If I Ran the Death Panels | 8/31/2009 | See Source »

...name death panel, we will handle all forms of medicine, including plastic surgery. Michelle Pfeiffer and Demi Moore, yes; Joan Rivers, no. And while there will be a lot fewer MRIs covered, hair-waxing will be free. We will be able to afford that because much of the cost of health care will be offset by selling the television rights to our panel. If ratings lag, I am fully prepared to appoint Paula Abdul, although I'm aware that this might raise our prescription-drug costs. (See pictures of facial yoga...

Author: /time Magazine | Title: Joel Stein: If I Ran the Death Panels | 8/31/2009 | See Source »

...drive some hot number off a dealer's lot this afternoon, perhaps a higher-priced, geeked-out cruiser you might not be able to afford. Despite all the sales rebates, leasing is still a viable alternative. It's not as popular as it was among manufacturers, whose bad arithmetic cost them a fortune a few years back. But if you can find a leasable model you like - GMAC Financial Services and GM are offering packages for the 2009 Cadillac CTS, several new Chevrolet models and the 2010 Buick Enclave and LaCrosse - the numbers might work if you drive fewer than...

Author: /time Magazine | Title: The Clunker Debunker | 8/31/2009 | See Source »

...caveat: if you drive more miles than the lease allows, return the vehicle to the dealer in lousy shape or terminate the lease early, you could be on the hook for some heavy fees, which can dramatically add to a car's overall cost. That's one reason Consumer Reports, among other reputable research outfits, has long determined that purchasing, rather than leasing, makes better financial sense for most individual drivers...

Author: /time Magazine | Title: The Clunker Debunker | 8/31/2009 | See Source »

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