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What is perhaps most remarkable about Mr. Radio's decision to abdicate the broadcasting throne is the fact that he held onto it for so long - a stretch during which he weathered technological upheaval, receding ratings and splintering musical tastes. Kasem has always transcended industry trends: he created American Top 40 in 1970 when the genre was said to be dying, and embraced corniness as Vietnam-era cynicism peaked. Through 2,000 cartoon episodes, 10,000 commercials and nearly four decades of radio hits, he has maintained his signature earnest style. "I'm Casey Kasem," he crooned July...

Author: /time Magazine | Title: Radio Host Casey Kasem | 7/7/2009 | See Source »

What is not clear is how the survey results map onto what is actually happening in the U.S. today. It is true that in some areas of the country homes have lost half their value. It is also true, according to data aggregator First American CoreLogic, that there are five states where more than 30% of mortgage holders are underwater and another 15 states where at least 15% of homeowners are. However, this sort of data does not indicate how much homeowners are underwater - or their attitudes about future home prices. If a homeowner believes house prices will recover during...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

...similar plan, bundling payments for hospital stays, but the program acquired the unfortunate label "quicker but sicker." Since hospitals were paid a certain amount of money for each patient no matter how long they stayed, many patients were discharged sooner than was prudent, which transferred the burden of care onto nursing homes and created a "mini-industry of readmissions," according to Gail Wilensky, a former head of Medicare. "Redesigning the reimbursement system is not for the faint of heart," says Wilensky. "This is in large part about changing the way doctors behave...

Author: /time Magazine | Title: Cutting Health-Care Costs by Putting Doctors on a Budget | 7/6/2009 | See Source »

...common surgical procedures. The idea is that if hospitals and doctors are paid out of the same pot, they'll coordinate services to be more efficient and cost-effective. The results could help determine how aggressively the Federal Government will end up pushing the bundled-payment model onto the entire Medicare system...

Author: /time Magazine | Title: Cutting Health-Care Costs by Putting Doctors on a Budget | 7/6/2009 | See Source »

...when police blocking their path gave way after negotiation, signaling the corps may have split loyalties. They surrounded the airport, whose interior was guarded by soldiers. But an hour before the plane was due to land, some protesters started breaking the airport fence, and the troops unleashed their gunfire onto the streets around the facility...

Author: /time Magazine | Title: Police Open Fire on Protesters in Honduras | 7/6/2009 | See Source »

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