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...While more-cautious lending practices are certainly contributing to decreased borrowing, the bigger driver is that Americans are still feeling the effects of recession the unemployment rate hit 9.4% in May - and choosing to tap credit lines less. Commerce Department figures from earlier this week show that people are now saving 5.7% of their disposable income, the highest rate in 14 years. In an April survey of senior bank-loan officers, the Fed found that demand for loans from households was down in almost every category. (Watch TIME's video of Peter Schiff trash-talking the markets...
...earlier online version of this article incorrectly referred to Steven Chu as the U.S. Secretary of State. In fact, he is the U.S. Secretary of Energy...
...half-dozen candidates for the position of rabbi at Congregation Bayt Shalom in North Carolina. Much of Stanton's appeal, says synagogue president Michael Barondes, lies in her ability to connect and communicate powerfully, both from the pulpit and face-to-face. Those are skills Stanton honed during an earlier career, before entering the seminary - as a psychotherapist specializing in grief and loss. She helped counsel victims of the 1999 shooting at Columbine High School. "She knows intuitively how to listen to people," says Barondes. "And as a one-synagogue town, we need a rabbi who can reach...
Paul is a 45-year-old teacher who tore his Achilles in a basketball game two weeks earlier. The first orthopedist he saw went into a long talk about risks and benefits and scared him out of his wits. With a torn Achilles tendon, there are just two things to do: either sew it up (which means doing a small operation) or put a cast on with the foot flexed down. The cast treatment isn't as good - it won't restore normal power - but there are none of the risks of surgery (like scarring and infection). So he demanded...
...court," Samarasinghe said, indicating that the doctors were likely to retract accusations that government forces were responsible for the shelling. When AP reported the May 12 shelling incident, the government reiterated that government forces had already suspended the use of heavy weapons inside the combat zone three weeks earlier. "There was a lot of publicity that we launched an attack on a hospital. That publicity was given due to the three doctors," Samarasinghe said. "Now they are in the custody of the CID, under detention orders. Soon they will be produced in court. You will hear what really happened...