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...Highlight Reel: 1. Hefner was reared in an Illinois household that avoided displays of affection, and he's often traced his turbo-charged sexuality to this repressive upbringing. As a child he was a loner, refusing to answer the telephone or make short trips by himself. Though an indifferent student, he flashed a glimpse of his entrepreneurial spirit early on by writing, illustrating and selling mini-newspapers and magazines at school and in his neighborhood...

Author: /time Magazine | Title: Mr. Playboy | 10/9/2008 | See Source »

...many citizens, voting day is a day like any other—filled with the unavoidable responsibilities of work, kids, and day-to-day household chores. While the need to accomplish such quotidian tasks should not overshadow the importance of voting, the cumbersome obligations of a workday too often deter voters and diminish the vibrancy of our democracy...

Author: By The Crimson Staff | Title: Democratic Exercise | 10/8/2008 | See Source »

...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 »

...northern state of Haryana, was horrified last month when the interest rate he pays on a $15,000 adjustable-rate home loan jumped from 9% to 12%. "There's no way I can [pay] that," he says. "I'll probably have to borrow from friends or relatives and curtail household expenses." Srinivas says a lot of people are in similar straits. Out of India's middle class of about 90 million people, some 20-30 million have taken on more debt than they can handle, he estimates. Rising rates of loan defaults appear to back up the claim. For example...

Author: /time Magazine | Title: The Wages of Consumerism | 10/2/2008 | See Source »

...economic impact on inner-city residents struggling financially, says Tricia Rose, a professor at Brown University's Department of Africana Studies and the author of the forthcoming book The Hip Hop Wars: What We Talk About When We Talk About Hip Hop - And Why It Matters. The average median household income in Riviera Beach is about $10,000 lower than that in the rest of the country, and the city's per capita violent-crime rate is higher than the city of Miami's, according to 2007 FBI figures released this month...

Author: /time Magazine | Title: A Saggy-Pants Furor in Riviera Beach | 10/1/2008 | See Source »

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