Word: explainers
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...like to get a sense of how we're emerging from our nationwide housing malaise, sit down at Jillian and Aaron Roberts' kitchen table. As 2-year-old twins Lennon and Miles run by - those divots in the table are their doing - the couple explain that when they first started looking to become homeowners back in 2006, there was little they could afford. "Even a modest home was too much for us," says Jillian, recalling the go-go years of real estate, when a young family like hers didn't stand a chance of getting into the game...
...hold my nose and stop those firms from failing.' BEN BERNANKE, U.S. Federal Reserve chairman, citing fears of a "second Great Depression" to explain why he used taxpayer money to bail out firms like AIG last fall...
...determine the correct leverage ratio for banks." Me neither, and I don't want to depend on an amateur physician telling me how to manage my health. But we can trust our reality-based hunches about fishy-looking procedures and unsustainable projects and demand that the supposed experts explain their supposed expertise in ways we do understand The American character is two-sided to an extreme and paradoxical degree. On the one hand, we are sober and practical and commonsensical, but on the other hand, we are wild and crazy speculators. The full-blown amateur spirit derives from this same...
...this helps explain why our herculean exercise over the past 30 years - all the personal trainers, StairMasters and VersaClimbers; all the Pilates classes and yoga retreats and fat camps - hasn't made us thinner. After we exercise, we often crave sugary calories like those in muffins or in "sports" drinks like Gatorade. A standard 20-oz. bottle of Gatorade contains 130 calories. If you're hot and thirsty after a 20-minute run in summer heat, it's easy to guzzle that bottle in 20 seconds, in which case the caloric expenditure and the caloric intake are probably a wash...
Americans have a long, sordid history with borrowed money. In Collateral Damaged: The Marketing of Consumer Debt to America, Charles Geisst, a professor of finance at Manhattan College, takes us through the centuries to explain how we wound up at our most recent - and spectacular - credit bubble. TIME's Barbara Kiviat spoke with...