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...Lily Ann Rose Day” coincides with the start of the Great Boston Burlesque Exposition and Vintage Fashion Fair, which will be held in Cambridge that weekend. Brown’s coming up from Florida to perform, so you can go check it out…you know, if you’re into that kind of thing...

Author: By Michelle L. Quach | Title: Cambridge Celebrates a Stripper | 3/26/2009 | See Source »

...early 1980s, around the time Ronald Reagan became President and Wall Street's great modern bull market began, we started gambling (and winning!) and thinking magically. From 1980 to 2007, the median price of a new American home quadrupled. The Dow Jones industrial average climbed from 803 in the summer of 1982 to 14,165 in the fall of 2007. From the beginning of the '80s through 2007, the share of disposable income that each household spent servicing its mortgage and consumer debt increased 35%. Back in 1982, the average household saved 11% of its disposable income. By 2007 that...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...everything really has changed. More than a year into the Great Recession, we still aren't sure if there's a bottom in sight, and six months after the financial system began imploding, it's still iffy. The party is finally, definitely over. And the present decade, which we've never even agreed what to call - the 2000s? the aughts? - has acquired its permanent character as a historical pivot defined by the nightmares of 9/11 and the Panic of 2008-09. Those of us old enough to remember life before the 26-year-long spree began will probably spend...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...great national rehab won't be easy. But it wasn't only in olden times that Americans have coped with breathtaking flux and successfully undertaken dramatic change. In fact, we've just done it. During the era recently ended, we adapted to hundreds of TV channels and multiple phone companies and airlines that arise and disappear as fast as strip-mall stores. Women have come close to achieving real equality; being gay has become astoundingly public and unremarkable. And speaking of shaking off addictions, half again as many of us smoked cigarettes in the early '80s. We watched (and helped...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...present chastening can't mean turning into a nation of overcautious, unambitious scaredy-cats. This is the moment for business to think different and think big. The great dying off of quintessentially 20th century businesses presents vast opportunity for entrepreneurs. People will still need (greener) cars, still want to read quality journalism, still listen to recorded music and all the rest. And so as some of the huge, dominant, old-growth trees of our economic forest fall, the seedlings and saplings - that is, the people burning to produce and sell new kinds of transportation and media in new, economic ways...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

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