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...Senate is in the midst of a terrible crisis, and I'm here to help. First of all, there's the minifridge. Is this caramel? Moose blood? I have no idea. But when I miraculously scrub it clean, all Senator Jon Tester notices is the Heineken minikeg in the garbage. In Montana, he explains, you don't throw away beer, even on office-moving day. In New Jersey, I tell him, you get pizza and beer when you help someone move. In Montana, I learn, people don't take obvious hints...

Author: /time Magazine | Title: Moving On Up: The Senate Shifts Offices | 3/26/2009 | See Source »

...launch the field of positive psychology, with a groundbreaking address to the American Psychological Association in 1998. Instead of focusing only on righting wrongs and lifting misery, he argued, psychologists need to help patients foster good mental health through constructive skills, like Ben-Shahar's PRP. The idea is to teach patients to strengthen their strengths rather than simply improve their weaknesses. "It's not enough to clear away the weeds and underbrush," Seligman says. "If you want roses, you have to plant a rose...

Author: /time Magazine | Title: A Primer for Pessimists | 3/26/2009 | See Source »

...will be chastened and begin behaving more wisely. For years, enthusiasts for unfettered capitalism have insisted that the withering away of enterprises and entire industries is a healthy and necessary part of a vibrant, self-correcting economic system; now, more than at any time since Joseph Schumpeter popularized the idea of creative destruction in 1942, we must endure the shocking and awesome pain of that metamorphosis. After decades of talking the talk, now we're all obliged to walk the walk...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...cannot just hunker down, cross our fingers, hysterically pinch our pennies, wait for the crises to pass, blame the bankers and then go back to business as usual. All that conventional wisdom about 2008 being a "change" year? We had no idea. Recently Rush Limbaugh appeared on Sean Hannity's Fox News show, panicking not so much about the economy but about how the political winds are blowing as a result. If we finally manage to achieve something like universal health care, Limbaugh warned, it would mean "the end of America as we know it." He's right, but that...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...centuries for the most extravagant version of the American Dream to take hold: starting with the California Gold Rush in 1849 - riches for the plucking, with no adult supervision - we have been repeatedly wont to abandon prudence and the tedium of saving and building in favor of the fantastic idea that anybody, given enough luck and liberty, can make a fortune overnight...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

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