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...back-and-forth can feel esoteric, but, in fact, it goes to the heart of solving the problem. "If losing firms are sucking up all the credit, then isn't the [correct] policy response to let banks cancel lines of credit?" asks Octavio Marenzi, CEO of the banking consultancy Celent, who joined the debate in December with his own paper, called "Flawed Assumptions about the Credit Crisis." After going through a reckoning of the aggregate data - including the fact that consumer credit hit a record high in September 2008 - Marenzi put forth a couple of possible explanations, including "that policymakers...

Author: /time Magazine | Title: Is There Really a Credit Crunch? | 12/24/2008 | See Source »

...default tradition for most Americans. Some pastors understand the cultural emphasis but consider it an obstacle to focusing on the spiritual messages of Christmas. "We've seen churches embrace the Americana idea of Christmas," says Michael Hidalgo, lead pastor at the multi-denominational Denver Community Church. "Their heart is in the right place, but in some ways they end up looking like Target celebrating Christmas." Others, though, have accepted the idea that Christmas Day is a time for family instead of religious reflection. "I think it is our job to get Christmas off on the right foot...and then...

Author: /time Magazine | Title: Going to Church on Christmas: A Vanishing Tradition | 12/24/2008 | See Source »

...stone wall to get closer to the water. The sun was out and the wind was blowing strongly. More than a dozen people headed over the wall and down the rocky shoreline with them. The ceremony appeared to further cement Obama's emotional ties to Hawaii. "In his heart and in his soul he is a child of Hawaii," says Andy Winer, the state Director for the Obama campaign. "This is where his roots are and where his values come from...

Author: /time Magazine | Title: Obama Tries to Escape in Hawaii | 12/24/2008 | See Source »

Whatever the reason might be, the results of this study make it clear that sleep isn't just for dreamers. Getting enough sleep might just save your heart...

Author: /time Magazine | Title: Lack of Sleep Linked to Heart Problems | 12/23/2008 | See Source »

Exactly how a lack of sleep is feeding plaque in the heart arteries isn't yet clear, but one explanation may involve inflammation. Too little sleep can raise cortisol levels, which fuels inflammation that can destabilize plaques. Once these deposits rupture, they can block vessels in the heart or brain, causing a heart attack or stroke. While the Chicago team did not track levels of cortisol to test this theory, future studies might...

Author: /time Magazine | Title: Lack of Sleep Linked to Heart Problems | 12/23/2008 | See Source »

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