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...ICELAND Frozen Assets In the Icelandic language the words for money and sheep are the same. But under Iceland's current economic conditions, goes a joke doing the rounds, only one will put food on the table and a coat on your back (as long as you eat mutton and wear wool). With a flagging currency and a crippled banking industry, Icelanders are fast losing their jobs, savings and businesses. The government fears that some may even be losing their minds: a few days ago, the Icelandic Ministry of Health set up an emergency mental-health center in downtown Reykjav...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...Bonduel, 57, feels he'll be able to ride out a bad patch. But he acknowledges that his guests' more modest outlays have forced some changes on him. "For the first time ever, I closed the restaurant in August and went on vacation because no one was coming to eat," says Bonduel. "I do the cleaning myself, and we've stopped sending the tablecloths out for laundering and pressing to save money. I also had to let one of the cooks go ... We'll be fine, but we are having to tighten the screws...

Author: /time Magazine | Title: Now the Real Pain Begins | 10/16/2008 | See Source »

...Gene-testing can tell us we're disposed to diseases we can't cure. Medical science can promise amazing treatments while rendering health care unaffordable. Bioengineered agriculture can splice a bouillabaisse's worth of fish DNA into a tomato. Fringe taps into this unease: If we are what we eat--well, what the hell...

Author: /time Magazine | Title: Bodies of Evidence | 10/16/2008 | See Source »

...Maine is developing a program to help combat the sophomore slump by building on what first-years learned in Froshville. Vanderbilt has a $1.75 billion capital campaign to turn all the rest of its dorms into neighborhoods where some 5,000 upperclassmen and their professors can live and eat together. "Twenty years ago, there was no talk of retention. It was just about getting kids in the door," says Michael McLendon, who teaches public policy and higher education at Vanderbilt. "Now we want to make sure their education is social." Let the study breaks begin...

Author: /time Magazine | Title: A Frosh New Start | 10/16/2008 | See Source »

...would be able to avoid crowds and take my time and read all the propositions carefully." These people were making such well-informed decisions that none of them said they were nervous that something would happen before the election to make them regret their vote. "Obama would have to eat a baby onstage with condiments and not wash his hands after," one told me. Another thought about my question for a minute and said, "Nothing could happen that I couldn't rationalize...

Author: /time Magazine | Title: My Own Election Exit Poll | 10/16/2008 | See Source »

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