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Why didn't lenders better capitalize on our speculative bent sooner? Our banking system was never national. In fact, it wasn't even retail in the 19th or early 20th century. The banks that were capable of doing the most lending to individuals didn't actually do it. We had...

Author: /time Magazine | Title: How Americans Got into a Credit-Card Mess | 8/8/2009 | See Source »

That is still only a small fraction of what a traditional burial costs a family. (According to the most recent statistics from the National Funeral Directors Association, a regular adult funeral with burial, not including cemetery, monument or marker costs, averages $7,323.) Even so, the costs can quickly add...

Author: /time Magazine | Title: Death in the Recession: More Bodies Left Unburied | 8/7/2009 | See Source »

At a time of increased demand, medical examiners' and coroners' offices around the country, like many other county agencies, are experiencing severe budget cuts that may only worsen the problem, says Dr. Jeffrey Jentzen, past president and chairman of the board of the National Association of Medical Examiners. Says Jentzen...

Author: /time Magazine | Title: Death in the Recession: More Bodies Left Unburied | 8/7/2009 | See Source »

Ratigan, Dylan • belief of that it would be hilarious to embarrass unsuspecting guest Jonathan Capehart by broadcasting footage of him gobbling down a bagel in the few moments he had to eat before appearing on the MSNBC show of is not shared by Capehart's mother Margaret, who calls...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 8/7/2009 | See Source »

Whether or not it turns out to be justified, Russia and Georgia's blame game could have tragic consequences. During his recent visit to Tbilisi, U.S. Vice President Joe Biden stressed that "there is no military option to [South Ossetia and Abkhazia's] reintegration [into Georgia]," and according to Georgian...

Author: /time Magazine | Title: One Year On, Could Russia and Georgia Fight Another War? | 8/7/2009 | See Source »

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