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...According to the University of Michigan survey, one-third of consumers cited fears over job security and income level as reasons for delaying purchases of household items including furniture and appliances. Jennifer Barrow, a writer for the TV show King of the Hill, says her extended family is considering limiting all Christmas gifts to $25 and may skip presents for adults. "While the financial crisis has not hit me personally, I am concerned," says the Burbank, Calif., single mother. "I am definitely trying to follow a budget for the first time and rein in spending...

Author: /time Magazine | Title: Looking Ahead to a Blue Christmas | 10/7/2008 | See Source »

Even hints from Federal Reserve Chairman Ben Bernanke, testifying on Capital Hill today, of a possible rate cut did not help. His prognosis that slow growth in the American economy, not inflation, is now the Reserve's primary concern only added bad news to a day that included fallout from yesterday's after-hours Bank of America announcement that it will need to cut its dividend and raise $10 billion in capital. The bank, which has acquired Countrywide Financial and plans to do the same with Merrill Lynch, dropped almost 25% on the announcement. Morgan Stanley shares also plummeted...

Author: /time Magazine | Title: Wall Street's Crisis: When All News is Bad News | 10/7/2008 | See Source »

...Senator Jim Webb—the swaggering, foul-mouthed, warrior-author and recent convert from Reaganite to renegade Democrat—is widely popular among the heavy-drinking, heavy-praying Scots-Irish who populate the southwestern hill country. But even he barely defeated the disgustingly stupid, backyard-barbeque bigot George “Macaca” Allen in 2006, amid widespread discontent with the Bush Administration’s handling of the economy and Iraq. And a Harvard-educated, cerebral crypto-Muslim is a much harder sell, especially one with an ethnically dubious name...

Author: By David L. Golding | Title: Virginia Is For Others | 10/7/2008 | See Source »

...Duke isn’t even a big school. It’s a private college known more, like Harvard, for its academics then its sports. But the kids still bucked up and cheered their arses off.At the moment, the Crazies, like the team, have gone down hill, but at their peak, they presented an example to us all of how real Crazies cheer.So I offer another set of principles, for you, my loyal Crimson Crazies, which will guide you in your quest to ultimate fandom. Let’s get nasty. Real nasty.Principle 1: Listen to Luda?...

Author: By Walter E. Howell, CRIMSON STAFF WRITER | Title: Are We Really All That Crazy? | 10/6/2008 | See Source »

...vanished from sight for several weeks. (In early October, North Korean media reported that Kim attended a university soccer match, his first public appearance since August.) Then Pyongyang abruptly backtracked on its agreement with the U.S. and four other countries to dismantle its nuclear program. U.S. negotiator Christopher Hill flew to Pyongyang in an attempt to get the agreement back on track, but his talks with the North Koreans didn't produce a breakthrough. By alienating its neighbors - and potential donors - North Korea could make it harder to alleviate its food crisis. "It is in the capacity of the North...

Author: /time Magazine | Title: The Real Crisis in North Korea? Food | 10/6/2008 | See Source »

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