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...that's just the low-hanging fruit. There are other ways to reduce demand for oil - more public transportation, more carpooling, more telecommuting, more recycling, less exurban sprawl, fewer unnecessary car trips, buying less stuff and eating less meat - that would require at least some lifestyle changes. But things like tire gauges can reduce gas bills and carbon emissions now, with little pain and at little cost and without the ecological problems and oil-addiction problems associated with offshore drilling. These are the proverbial win-win-win solutions, reducing the pain of $100 trips to the gas station by reducing...

Author: /time Magazine | Title: The Tire-Gauge Solution: No Joke | 8/4/2008 | See Source »

...Plainly, Chicago is facing a major problem, although its causes have not been much discussed by policy makers. The faltering economy is raising stress levels, and the desperation in many low-income communities is compounded by the return of thousands of often unskilled ex-convicts to neighborhoods in which they have little prospect for earning an honest living. The demolition of several high-rise public housing developments has also moved thousands of people into new neighborhoods, setting the stage for turf battles between rival gangs...

Author: /time Magazine | Title: Chicago Confronts a Crime Wave | 8/3/2008 | See Source »

...Bush years never pulled off much at all. Paul O'Neill, the former CEO of aluminum maker Alcoa, battled with the White House over deficit spending (he wanted less of it) and lost. His successor, John Snow, former CEO of railroad giant CSX, toed the Administration's low-tax, anti-regulation line so faithfully as to be almost invisible...

Author: /time Magazine | Title: Can Paulson Save the Economy? | 7/31/2008 | See Source »

...dollar - but they weren't a dramatic success either. Then came trouble, which spread from subprime mortgages to financial markets in general in August 2007. The chief connection was that subprime loans - those sold to less qualified borrowers - were purchased and repackaged by Wall Street into supposedly low-risk investment products called collateralized debt obligations (CDOs). When shaky borrowers began defaulting en masse on their mortgages, the whole scheme unraveled...

Author: /time Magazine | Title: Can Paulson Save the Economy? | 7/31/2008 | See Source »

...suspect that this debate, more than foreign policy, health insurance or low-information trivia, will be at the heart of the general-election campaign. We are at a moment of real economic peril, a recession different from most because it is happening at a hinge of history, as economic power becomes distributed more evenly around the world. It also is happening at the end of the political pendulum swing that began with Reagan's remarkably foolish statement in his first Inaugural Address: "Government is not the solution to our problem; government is the problem...

Author: /time Magazine | Title: The Recession Election | 7/31/2008 | See Source »

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