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...many law scholars are not surprised by Americans' mad rush to bankruptcy court. Adjusted for inflation, personal borrowing in the U.S. is 10 times greater than in 1960, according to the Federal Reserve. "Now, consumer credit has dried up," says law professor Robert Lawless, an expert on bankruptcy among sole proprietors and small entrepreneurs at the University of Illinois. "That is why people are ending up in bankruptcy court...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

...would jeopardize his ties with Washington. And in the weeks leading up to last August's election, U.S. officials in Afghanistan were widely perceived to be backing rival candidates. Karzai has also noted that key U.S. officials like special envoy Richard Holbrooke have spoken frankly about giving Pakistan a greater role in shaping the political outcome in Afghanistan...

Author: /time Magazine | Title: Afghanistan: Why Karzai Is Pushing Back Against the U.S. | 4/5/2010 | See Source »

Based on these odds, the chances that you will make it to the age of 96 (assuming you live until age 13) are greater than those of getting into Harvard or Yale. Said another way, you’re more likely to live to attend your 70th college reunion than you are to be admitted to either school in the first place...

Author: By E. Benjamin Samuels, CONTRIBUTING WRITER | Title: Playing the Odds | 4/4/2010 | See Source »

Even Sweden and Finland, long defenders of high taxes and socialism for the greater good, have decided to start charging non-European Union students tuition to study in their countries. "There is a huge debate in Sweden now about tuition fees," says Robin Moberg, vice chair of the Swedish National Union of Students. "On the one hand, the government has said foreign students shouldn't be supported by our taxes, but our argument has been that higher education is fundamentally a part of society...

Author: /time Magazine | Title: Europe's Education Crisis: College Costs Soar | 4/4/2010 | See Source »

Past studies have found that socioeconomically disadvantaged people and others in high-stress situations with little social support are at much greater risk for both addiction and obesity. For example, people who were displaced for more than two weeks after hurricanes Katrina and Rita were 56% more likely to have a substance abuse disorder a year later, compared with those who survived the hurricanes but were not displaced. Overall, about 1 in 8 people who lost their homes - and who were also much more likely than the general population to be poor and unemployed - suffered from substance abuse disorders, compared...

Author: /time Magazine | Title: Can Eating Junk Food Really Be an Addiction? | 4/3/2010 | See Source »

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