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...Greenacres, Fla., who works for the Palm Beach County public defender's office. Two months ago, she lost a second, part-time job that had helped pay the bills. She soon surrendered to the gods of credit-card debt. She visited a West Palm Beach credit-counseling service to deal with some $20,000 in unpaid bills. "I wasn't ashamed," says Calderon. "I had to tighten up. It was a decision I had to make to take care of my two kids...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

...What advice would you give to aspiring Asian-American filmmakers who may feel ostracized from the mainstream? Jennifer Chun, Wellesley, Mass. I wouldn't try to deal with feeling ostracized. Just ask yourself, Why do you want to make films? If there's a story you really want to tell, then there are ways you can make that film...

Author: /time Magazine | Title: 10 Questions for Wayne Wang | 10/23/2008 | See Source »

Contrary to popular belief, Keynesian thinking was not a big part of Franklin Roosevelt's New Deal. Deficit spending and monetary easing were both first put to work in a really big way by the U.S. government in the 1940s--out of wartime necessity, not economic conviction. The economy responded with rapid growth, and after the war, Keynesianism became gospel. Its central tenet, this magazine explained in its 1965 cover story, was that "the modern capitalist economy does not automatically work at top efficiency, but can be raised to that level by the intervention and influence of the government...

Author: /time Magazine | Title: The Comeback Keynes | 10/23/2008 | See Source »

...Mexico Roadblock for Cuban Migrants Cuban refugees have long been allowed asylum in the U.S. only if they reach land--the so-called dry-foot policy. That's made the "dusty foot" route via Mexico far more popular than a risky sail to Florida. But under a new deal, Mexico will deport illegal Cuban migrants, in a policy that may signal warmer Cuba-Mexico ties...

Author: /time Magazine | Title: The World | 10/23/2008 | See Source »

...marriage but think it's because of something else. John Coates, a Deutsche Bank trader turned Cambridge University researcher, measured the naturally occurring steroids in 17 British male traders over time and found high levels of testosterone during bull markets and of cortisol during volatility. Cortisol helps the body deal with threatening situations. But prolonged exposure to it, as during a lengthy downturn, makes people irrationally fearful, so when confronted with neutral situations--say, that their spouse would like the leaves raked--they react as if threatened. In other words, men can get funny when they're losing money. Even...

Author: /time Magazine | Title: Will the Market Kill Your Marriage? | 10/23/2008 | See Source »

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