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...mention Western Europe - is in the grip of a downward spiral that financial experts call deleveraging. Having accumulated debts beyond what's sustainable, households and financial institutions are being forced to reduce them. The pressure to do so results from a decline in the price of the assets they bought with the money they borrowed. It's a vicious feedback loop. When families and banks tip into bankruptcy, more assets get dumped on the market, driving prices down further and necessitating more deleveraging. This process now has so much momentum that even $700 billion in taxpayers' money may not suffice...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

...Sins of Our Fathers In response to the Sept. 22 article "Bailout Nation," wouldn't it be helpful to just call a pig a pig? In the article, no mention is made of the fundamental reason for this huge bailout of the mortgage industry: The failed mission of the Republican Party from Reagan through McCain to deregulate America and to let the "market" prevail. It is now very clear that when the "markets" are allowed to operate willy-nilly, the self-interest of politicians indebted to lobbyists will prevail. It also does nothing to reassure the middle-class taxpayers that...

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

Thousands of Internet voters have voiced approval of Miron’s views on the online news aggregator digg.com, and the piece won a mention on the radio show of conservative pundit Rush Limbaugh...

Author: By Maxwell L. Child, CRIMSON STAFF WRITER | Title: Professors’ Opinions Split on Bailout Plan | 9/30/2008 | See Source »

...have one sweeping break-up song on the album, "Cologne." In the middle of the song you mention the NASA astronaut who wore diapers and drove 18 hours to murder her ex-boyfriend. Why did you put such a weird story in the middle of an otherwise sweet song...

Author: /time Magazine | Title: Ben Folds | 9/29/2008 | See Source »

...different states saying that they voted against body armor for the troops and they gave a vote number. You looked at that vote number and it was a general bill to give an extra billion dollars to the National Guard and Reserves for equipment. But there wasn't any mention of body armor in it. It was an absolutely, 100% false ad. Case closed...

Author: /time Magazine | Title: Keeping the Campaigns Honest | 9/29/2008 | See Source »

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