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...mill economist would define deflation as the loss of money supply and credit in the markets. Simply stated, the value of money erodes as prices drop sharply. The value of labor and goods and services goes into free fall...

Author: /time Magazine | Title: Deflation: The Enemy Of A Depression | 1/16/2009 | See Source »

...brazen move to hurl his loafers at the outgoing President will be remembered decades from now as a fitting send-off for a man and an Administration that brought tragedy to Iraq and shame to America. It took courage, wisdom and daring to pull off his stunt. Doug Canepa, Mill Valley, Calif...

Author: /time Magazine | Title: Inbox | 1/15/2009 | See Source »

...court." The case is likely to languish in the legal system for years, allowing Bountiful and its way of life to live on. For Bountiful's defenders, this reality is a blessing from an approving God. But for critics who see this way of life as a mill of sexual abuse, it is a tragedy of biblical proportions...

Author: /time Magazine | Title: Raiding the Polygamists: An Eldorado North of the Border | 1/9/2009 | See Source »

That question is why the rumor mill, whose r.p.m.s intensify in advance of any possible news coming out of 1 Infinite Loop, shifted into turbodrive. On the eve of Macworld, it was announced that Jobs would not be making the keynote speech. Instead, Schiller, who often helps Jobs demo new toys at events, would be running the show...

Author: /time Magazine | Title: Can Apple Survive Without Jobs? | 1/8/2009 | See Source »

Thanks to the CIA-grade secrecy that surrounds all goings-on at Apple, the rumor mill always works overtime just prior to any scheduled Apple event. This year, with the recent surprise announcement that CEO Steve Jobs would not be keynoting at the annual Macworld Expo on Monday, there's even more prognostication and persiflage to cut through...

Author: /time Magazine | Title: Dispatches from the Steve Jobs Rumor Mill | 1/5/2009 | See Source »

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