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...success brought her thousands of fan letters. One of them, from Nathan Blumenthal, a 19-year-old freshman at UCLA, changed the 45-year-old novelist's life. The student became a member of the close-knit circle of her followers nicknamed the Collective, which included Greenspan. But before long, Blumenthal, by then named Nathaniel Branden, was her declared "intellectual heir." Writes Heller: "A month before her 50th birthday, she and Nathaniel received their partners' permission to meet for sex twice a week ... The affair provided excitement and deep fulfillment at a crucial, and essentially pleasureless, moment in her writing...

Author: /time Magazine | Title: Ayn Rand: Extremist or Visionary? | 10/12/2009 | See Source »

...major television networks whenever he wants them. Instead of ignoring people's objections until they get socialized medicine and realize they like it, as England's leaders did, Obama is worried about seducing Olympia Snowe so he can say his health bill is bipartisan. Do you know how long it takes to charm people from Maine? They're uptight white people coated with a hard exterior made from other uptight white people. While Obama negotiates on climate change, the Chinese government has forced China's entire tech industry to focus on energy efficiency, and soon we'll all buy Chinese...

Author: /time Magazine | Title: The Tough-Love Dictator of My Dreams | 10/12/2009 | See Source »

...their part, skin-cancer experts recommend that people eliminate the risk of overexposure from the start, by covering up in the sun with long sleeves and pants or at the very least wearing sunscreen. That is especially true on summer vacations, when people who have been indoors most of the year suddenly hit the beach for a week. Melanoma is associated with intermittent exposure to intense sun, particularly before the age of 18, so youngsters need to be extra careful about sun protection, says Robert Dellavalle, chief of dermatology at the VA Medical Center in Denver...

Author: /time Magazine | Title: Cancer and Teen Tanning: Where's the Regulation? | 10/12/2009 | See Source »

...government-sponsored entities (GSEs) Fannie Mae, Freddie Mac and Ginnie Mae. That keeps the interest rates on those GSE-backed mortgages substantially lower than on mortgages that can be sold only on private markets, because taxpayers are on the hook for defaults on the former. That risk, long hypothetical, became reality as we got stuck with a $291 billion rescue bill for Fannie and Freddie in the fiscal year that ended in September. Meanwhile, the Federal Reserve is doing its part to artificially lower interest rates by buying $1.25 trillion of Fannie, Freddie and Ginnie mortgage securities this year...

Author: /time Magazine | Title: Get Homeowners Off Welfare | 10/12/2009 | See Source »

...time home buyers - at a cost of about $14 billion for the year. That's set to expire, but there's talk in Congress of extending or even expanding it. A much bigger deal is the income tax deduction for mortgage interest paid - which has been with us as long as there's been an income tax - at a cost estimated by the Congressional Joint Committee on Taxation at $80 billion this year. The deduction for property taxes costs an additional $16 billion, as does the tax break on capital gains on the sale of owner-occupied houses...

Author: /time Magazine | Title: Get Homeowners Off Welfare | 10/12/2009 | See Source »

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