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...leaving money on the table when you could have lived it up. There are no pockets in a shroud, as the saying goes. We once saved about 15% of our income. By the roaring '80s the rate was 4%; now we're in negative numbers. Bob Hope liked to joke that "a bank is a place that will lend you money if you can prove that you don't need it." But that too changed as easy credit bloomed and usury became another of those vices that had somehow lost its juice. The average American has nine credit cards with...

Author: /time Magazine | Title: Real Patriots Don't Spend | 10/2/2008 | See Source »

...Carnegie Hall? goes the old joke: Practice, practice, practice. The author, a FORTUNE editor and columnist, is not a big believer in innate talent. "Great performance is in our hands far more than most of us ever suspected," he writes in this provocative book. But ordinary practice isn't enough for extraordinary results. Colvin is a believer in "deliberate practice," highly mentally demanding activity designed to improve performance, which should be repeated a lot--with feedback. Oh, yeah, says Colvin, "It isn't much fun." But it delivers...

Author: /time Magazine | Title: Business Books | 10/2/2008 | See Source »

...about "your tone" and "Why you gotta be like that?" and "Stop playing me," followed by "I wrote you a poem." When the phone call ended, I said, "Flo, you've got 100 problems." He said, "Why's that?" I said, "99 plus one." It was the first rap joke I'd ever made. Trust me, if you know Jay-Z, it's a good...

Author: /time Magazine | Title: Fifth Wheel: Hanging out with Flo Rida | 10/2/2008 | See Source »

...also commented on the recent Interior Department scandal in which department regulators were found to be sexually involved with businesspeople in the industry they regulate. He said, “We joke about administrators being ‘in bed’ with industry—for these guys, that was no metaphor...

Author: By Dylan R. Matthews, CONTRIBUTING WRITER | Title: Author Slams "Failed" Right Wing | 10/2/2008 | See Source »

What is the difference between Wall Street and a casino? (Not meant as a joke) On Wall Street, the dealers get paid a lot more and are often allowed to bet alongside the customers. Oh, and much of the money raised on Wall Street actually goes to productive purposes. Except when markets are in bubble mode...

Author: /time Magazine | Title: 18 Tough Questions (and Answers) About the Bailout | 9/30/2008 | See Source »

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