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...credit crunch is not anywhere near over. "It took 20 years for us to get into this situation - leveraged to the hilt - and it will take more than a couple of years to unwind it," says Paul Ashworth, senior U.S. economist at Capital Economics. "And even when we get back to normal, that normal is not going to be the same. We won't have this sort of freely available credit that we had before for households and businesses. It's going to be a different reality - a more austere one - when we come out on the other...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

...health care made unavailable as a result of cost. Suggesting that borrowing to live is the cause of the Wall Street collapse when the 400 richest people in the U.S. have as much money as several million average citizens shows ignorance of the greed and avarice controlling this country. Paul A. Heller, Washington, Mich...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

...Newman's Own Legend I enjoyed reading Robert Redford's tribute to Paul Newman but was disappointed that Redford felt the need to interject so much about himself [Oct. 13]. He should have kept the focus entirely on his exceptional and talented friend. Mary Knaus LeCluyse, Leawood, Kans...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

...former popular mayor of St. Paul, Coleman was a Democrat before he switched parties in 1996, and he remains a fairly moderate Republican today. And for all its history as a bastion of liberalism, Minnesota morphed into a quirky swing state in the mid-1990s, bestowing statewide office to politicians of every stripe, from doctrinaire conservatives (Rod Grams) and old-school liberals (Paul Wellstone) to a flaky, funky former professional wrestler (Jessie Ventura). Al Gore and John Kerry both beat George W. Bush in Minnesota, but by surprisingly slim margins. And in the 2006 midterms, when Democrats were knocking...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

...problem: the muted video used in the ads was actually taken from a heartwarming, funny story Franken told and acted out about David Wellstone and David's father Paul, who was killed in a plane crash in 2002 and whose Senate seat Coleman now holds. David, on at least one occasion, was sitting nearby, smiling as Franken acted out the part of his father excitedly urging him on during a cross-country race. Handed a gift, Franken's campaign produced an ad of their own showing how his image had been grossly distorted on Coleman's behalf - not merely...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

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