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...film is full of slightly weird children, plus a certain amount of sexual tension - you may be an in-law, but that doesn't necessarily mean you're sexually uninteresting to someone else in the crowded family manse - but none of this turns A Christmas Tale into a farce. Desplechin is aware of the humorous cross-currents in the film, but he's not out to exploit them. He's a more serious filmmaker than that, interested in exploring the wayward, occasionally inexplicable tensions of a group bound together more by the accidents of birth than by any true communality...

Author: /time Magazine | Title: A Christmas Tale: Family Friction and Fine Dining | 11/14/2008 | See Source »

...personal-finance website. "I don't see how the two should be mentioned in the same sentence." He reasons that even if credit-card defaults reach a record high of 10% of the $970 billion in revolving debt, a chunk of that total will get paid off in full every month, which would result in an aggregate default of less than $100 billion. That number doesn't come near the losses that have occurred in the $14 trillion U.S. mortgage market. Moreover, credit card asset-backed securities aren't as far-reaching or as complex as mortgage asset-backed securities...

Author: /time Magazine | Title: With Defaults Rising, Is a Credit-Card Crisis Looming? | 11/14/2008 | See Source »

...disaster Californians remember most vividly, even though most weren't even born yet, was the earthquake that struck San Francisco at 5:12 a.m. on April 18, 1906. The first shockwave registered 8.3 on the Richter scale and shook the city for a full 45 seconds. Many buildings, including San Francisco's city hall, collapsed almost immediately. Seventeen aftershocks came within an hour and fires raged for three days afterward, destroying 500 city blocks. In photos, 1906 San Francisco resembles a war zone; buildings are left half-standing, the streets are littered with debris, barely anything is recognizable. With...

Author: /time Magazine | Title: The 'Big One' | 11/13/2008 | See Source »

...which must be raised from private funds. Obama's goal, says his old friend Valerie Jarrett, another co-chair of the transition operation, "is to be able to be organized, efficient, disciplined and transparent to the American people." More disciplined than transparent: Washington's quadrennial parlor game is in full swing, with scores of names being circulated as contenders for top jobs in the Obama Administration. But the number of people who actually know anything is small, and they are not prone to leaking...

Author: /time Magazine | Title: The Transition: What Change Will Look Like | 11/13/2008 | See Source »

...Forty years later, happy liberals mobbed Grant Park, invited by another mayor named Richard Daley, to celebrate Barack Obama's election. This time the flags flew proudly at full mast, and the police were there to protect the crowd, not threaten it. Once again, Americans watched on television, and this time they didn't seethe. They wept. (See pictures of Obama's Grant Park celebration...

Author: /time Magazine | Title: The New Liberal Order | 11/13/2008 | See Source »

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