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...bonds, on which it pays interest. This is like you or me borrowing to cover a shortfall or buy a house, with a crucial difference: countries are, in theory at least, immortal. They can keep rolling over their debts indefinitely. The U.S., with its centuries-long record of solid credit and steady growth plus its special status as the issuer of the world's favorite currency, has seldom had trouble rolling over its debts. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: America and Its Deficits: Are We Broke Yet? | 9/14/2009 | See Source »

Kirn's novel inched into nightmare, as Ryan got mixed up with a company called MegaTech and became convinced someone was stealing his miles. Reitman, who previously scored with the quirky hits Thank You for Smoking and Juno, and who shares screenplay credit with Sheldon Turner, soft-pedals the satire and pumps up Ryan's relationships with Alex and Natalie. The movie's development of three strong personalities, each with grails the others don't seek, shows a maturity rare in modern movies. So does Reitman's refusal to judge any of the three. He doesn't force comeuppance...

Author: /time Magazine | Title: Clooney Soars in Two Films at Toronto Film Festival | 9/13/2009 | See Source »

...United States may have invented the Internet (although the credit doesn’t go to Al Gore), but our great nation recently ranked 28th in Internet connectivity according to a recent study by the Communications Workers of America. If that wasn’t enough, the study also claimed that the average Internet speed has only increased by about 30 percent in the last two years. This might seem like a big improvement on first glance, but really it’s far from noteworthy in an industry where things tend to double every two years...

Author: By Adam R. Gold | Title: Building a Better Internet | 9/13/2009 | See Source »

There is no record of her leaving the building in surveillance tapes from some 75 cameras stationed around the building. Her ID, money, credit cards, and purse were found in her office...

Author: By June Q. Wu | Title: UPDATE Body Found -- Search for Missing Yale Grad Student Continues | 9/13/2009 | See Source »

...sharp shock of the 2008 financial crisis paralyzed the U.S. economy. Mass layoffs have been at a record high, flooding the labor market with job hunters. Six years of manufacturing-job losses were compressed into 18 months, overwhelming retraining programs. The collapse of home values and the tightening of credit make worker mobility a moot issue. Instead of connecting the jobless to new jobs, the employment system has seized up. After 33 weeks of searching for work, Whitfield is looking warily to December, when his unemployment insurance ends...

Author: /time Magazine | Title: The Ripple Effect: What One Layoff Means For A Whole Town | 9/11/2009 | See Source »

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