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...face of the current economic meltdown, some people have more reason than others to worry - people, for example, who need to spend their savings very soon. For them, fear serves a purpose: it encourages action, which may prevent further losses. But for most of us, what will happen in the stock market in three or 10 or 20 years, when we will most need our savings, is unknowable. We can't predict the financial future, so we shouldn't try. But anxiety doesn't work according to those rules...

Author: /time Magazine | Title: Fear Factor: This Is Your Brain in an Economic Crisis | 10/15/2008 | See Source »

What really surprises me: why did nobody ask the simple question, "What will happen if a large number of these subprime loans default? What will happen to banks and other financial institutions? Or was it only greed that made everybody ignore that what is happening now could ever happen. Did no one take into account that thousand of families would have their lives turned upside down - virtually overnight - if this scheme went wrong?" Frederik Steenbuch, OSLO

Author: /time Magazine | Title: Heroes of the Planet | 10/15/2008 | See Source »

...area, spoke of her belief that “food is woven into the fabric of life.” Stressing the importance of engaging youth in the process of growing, cultivating, and cooking food, Waters said, “I’m just hoping that this can happen in every institution in this country—and you can begin here.” The discussion also addressed Yale’s Sustainable Food Project and the steps Harvard is taking in a similar direction. Joshua L. Viertel ’01 was instrumental in creating the pilot...

Author: By Wendy H. Chang, CONTRIBUTING WRITER | Title: Defending Sustainable Eats | 10/15/2008 | See Source »

...will achieve quite that level of selflessness, but he says, "Once you've transferred those anxieties and achieved that calmness, it kind of clears you to reflect on what God wants done in the world and how you can be part of the stream of what he wants to happen." Within prayer, he suggests, one can also become aware of "people who are worse off," whom Jesus called "the least of these." Someone who starts out praying for his own portfolio, he says, could end up building houses for or helping feed those even harder...

Author: /time Magazine | Title: Is It OK to Pray for Your 401(k)? | 10/14/2008 | See Source »

...with their collective rescue approach, which, it has to be said, was rolled out exceptionally well," says Mistral. Markets didn't want just a plan showing the way out, Mistral says, but also promises from governments that further failures like that of Lehman Brothers would not be allowed to happen. "We've avoided the worst and will probably see things returning to close to normal," Mistral says. "Still, we've got two to three months of anxious waiting to see how bad the wider economic outlook will...

Author: /time Magazine | Title: Surge in Global Markets Reflects Growing Hope | 10/14/2008 | See Source »

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