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Eule is writing about his now-wife and their friends, so the book is bound to be full of overly-cute personal asides. And while there are very few grace-notes (his attempts at flowery descriptive phrases are both unnecessary and square), when he sticks to the facts of his subjects' lives, Eule tells a dramatic tale of the compromises that young doctors (especially women) must make in order to succeed. "No program wanted one of its residents to get pregnant," he writes at one point, rocketing to the heart of the medical training tradition - grueling hours and almost complete...

Author: /time Magazine | Title: Match Day: Young Doctors in Hell | 3/12/2009 | See Source »

...took off into the stratosphere, and property prices got so out of control that it was said the land on which the Imperial Palace sat in the center of Tokyo was worth more than the whole of California. Then the bubble burst, banks found that their balance sheets were full of bad loans, and Japan entered a lost decade of stagnant economic growth. Nearly 20 years after its peak in December 1989, when the Nikkei index nearly hit 39,000, the stock market has never come close to recovering. The Nikkei recently touched its lowest point since...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

...gives each homeless child a new backpack full of school supplies paid for by private donations and federal dollars. And these aren't cheapo knapsacks. "We don't want backpacks that look like they came from a shelter," says Elizabeth Hinz, district liaison for homeless and highly mobile students. In the winter, her staff members hand out coats, mittens and hats. Year-round, they find free medical clinics to treat earaches and provide dental services. School social workers take kids to get glasses and vaccinations. Many high schools offer laundry or shower facilities for teenagers - who are often left...

Author: /time Magazine | Title: Keeping Homeless Kids in School | 3/12/2009 | See Source »

Powe has been looking for a job for more than a year since the beauty shop at which she worked cut all full-time positions. She appreciates the stability her daughter's school provides as well as the instrument the school is lending Ty'jhanae for the year. "She just loves playing her violin," Powe says. "Every time we go to a different church, she plays it for the volunteers...

Author: /time Magazine | Title: Keeping Homeless Kids in School | 3/12/2009 | See Source »

...about $9 trillion, is depositors like you and me. When you deposit money, you're lending it to the bank. Those deposits were explicitly insured by the Federal Deposit Insurance Corporation (FDIC) up to $100,000 before the crisis, and the banks paid for that insurance (though not in full, given that FDIC coverage has been raised to $250,000 and seems effectively without limit at bigger banks) and passed the cost on in the form of lower interest rates than on, say, an uninsured money-market account. That, plus the fear that panicked depositors could start a devastating...

Author: /time Magazine | Title: The Great Bond Bailout | 3/12/2009 | See Source »

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