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...problem is the tanking economy. Lose a job, and paying the mortgage becomes more of an issue. Since the house is worth less than you owe on it, you can pretty much forget about refinancing or selling, the old get-out-of-jail-free cards when you could no longer make your payments. So maybe we should be most worried about the 50% of homes that are underwater in the Detroit area. Or - odd as it may sound - Rhode Island, where the unemployment rate, at 10%, is second only to Michigan, and where 15.7% of mortgage holders are underwater...

Author: /time Magazine | Title: Nearly 1 in 5 Owe More Than Homes Are Worth | 3/4/2009 | See Source »

Using the U.S. government's count, about 2.4 million Americans lost their jobs last year. That does not include people who had been jobless for an extended period and were no longer looking for jobs. In January, another 598,000 people were put onto the streets by their employers, moving the unemployment rate...

Author: /time Magazine | Title: February Job Losses: Have We Reached Bottom Yet? | 3/4/2009 | See Source »

...economy. If the flakes are falling, however, you'll get silly for the slopes. "Snow makes skiers act irrationally," says Ralf Garrison, director of the Mountain Travel Research Program, which compiles lodging data from ski resorts in the Western U.S. "When there's soft powder, skiing is no longer a discretionary activity. It becomes a birthright." (See 50 authentic American travel experiences...

Author: /time Magazine | Title: America's Ski Resorts: Saved by the Snow | 3/4/2009 | See Source »

...control group of kids was treated for far longer than 10 weeks; in fact, they had an average of 23 weekly sessions, although those sessions were divided among physicians, physical therapists and a psychologist or psychiatrist. Each day, these kids were also given up to 100 mg of amitriptyline, a sedating drug that used to be prescribed as an antidepressant but is now used more often as a treatment for chronic pain...

Author: /time Magazine | Title: Talk Therapy for Kids' Pain: Better than Pills? | 3/3/2009 | See Source »

...stock exchange both dipped at the news. "It's a very serious incident that escalates the present state of affairs," says Masood, the retired general. "It gives an idea of how the frontiers of terrorism are expanding in Pakistan. It also shows how Pakistan is vulnerable. It is no longer capable of hosting international events...

Author: /time Magazine | Title: Attack on Sri Lankan Cricket Team: Echoes of Mumbai? | 3/3/2009 | See Source »

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