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That's the optimistic view - and, for now, the dominant view of the Fed, most economists believe. But lurking not far from the surface of economic policymakers' deliberations these days is the dreaded d word: deflation. "Sure, we're very cognizant of it," one source familiar with Fed's thinking...

Author: /time Magazine | Title: The Rising Threat of Deflation | 11/6/2008 | See Source »

Closer to home, Massachusetts’s voters banned greyhound racing. In doing so, voters sent a clear condemnation of keeping active dogs in tight wire cages for 20 or more hours a day. They also rejected the notion that a sport propped up by state-sponsored gambling (a 1986...

Author: By Lewis E. Bollard | Title: The Animals’ Election | 11/6/2008 | See Source »

Obama's candidacy inspired scores of blacks like Michael Johnson, 33, to vote for the first time. At about noon on Nov. 4, Johnson showed up at his Gary, Ind., polling station to cast his vote. But he was turned away. The reason: his name appeared on a list of...

Author: /time Magazine | Title: What Obama's Election Really Means to Black America | 11/6/2008 | See Source »

Whatever his preference, he'll have to get out of the Madrid airport first. On Monday, the fourth son of al Qaeda leader Osama bin Laden took advantage of a layover on his Cairo-to-Casablanca flight to seek political asylum in Spain. But on Wednesday, Spain's Interior Ministry...

Author: /time Magazine | Title: Bin Laden's Son Loses Political Asylum Bid in Spain | 11/5/2008 | See Source »

Israeli officials were predicting that unless a Hamas rocket causes major casualties, the cease-fire would likely resume within 48 hours - even as the fighting raged, the Israelis and Hamas were frantically passing messages to one another through Egyptians middlemen, urging a restoration of the truce. As Israeli Deputy Defense...

Author: /time Magazine | Title: Will Israel-Hamas Clash Threaten the Truce? | 11/5/2008 | See Source »

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