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2. On the madness of the former real-estate bubble: "Can Flip's mortgage really be possible? Even if it is (and it can't be), I doubt it can be legal. A million dollars with no down payment, for two grand a month? It's an insult to money...

Author: /time Magazine | Title: A Brit in Los Angeles, Deep in Debt | 2/17/2009 | See Source »

Disagreeing with Roubini has not been rewarding. He predicted the current economic collapse with precision long before most economists. His forecasts for the next year or so seem reasonable and are widely viewed as a good road map for what is likely to be ahead for GDP and employment. However...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

Census counts are also used to determine how many federal dollars may flow to a city or state based on grants and other outlays. Democrats have long charged that the undercounting of minorities and poor Americans prevents federal funding from reaching strapped communities. Meanwhile, Republicans argue that Democrats seek to...

Author: /time Magazine | Title: Why the 2010 Census Stirs Up Partisan Politics | 2/15/2009 | See Source »

Wall Street's superstitions about Friday the 13th continued through 1925, when the New York Times noted that people "would no more buy or sell a share of stock today than they would walk under a ladder or kick a black cat out of their path." Some stock traders also...

Author: /time Magazine | Title: Friday the 13th | 2/13/2009 | See Source »

Also included is $54 billion in aid for states, many of which have already been forced to dramatically scale back services. Still, some critics say this may not be enough. "State and local governments, in particular, were hoping for much more aid, and they'll undoubtedly be back as their...

Author: /time Magazine | Title: Stimulus Deal Shows Reach — and Limits — of Obama's Power | 2/12/2009 | See Source »

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