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Consumer spending and debt have been on the decline of late, that's true. But the most recent numbers show signs of a return to our old ways. In October, consumer spending rose 0.7% over the previous month, according to the Commerce Department, which is particularly interesting since personal income...

Author: /time Magazine | Title: Why Big Shopping Bargains Are Bad News For America | 11/27/2009 | See Source »

And that leads to my second argument for higher prices: if stuff costs more, we'll buy less of it (that's the demand curve in action). If we are forced to buy fewer things, then perhaps we'll start to break this mentality that the way to happiness is...

Author: /time Magazine | Title: Why Big Shopping Bargains Are Bad News For America | 11/27/2009 | See Source »

At this point, nearly everyone is fed up with the BCS, and is clamoring for a college football playoff tournament, along the lines of the insanely popular March Madness event for college hoops. Coaches, players, fans, the media and politicians - including President Obama - have barked for change. And in his...

Author: /time Magazine | Title: Can a Good Guy Fix College Football's Worst Thing? | 11/26/2009 | See Source »

Iran is another newcomer to APT6, represented by veteran artist Monir Shahroudy Farmanfarmaian and Tehran-based Farhad Moshiri, whose work Mobile Talker, in which an image of a young woman talking on the phone is picked out with cake decorations, seems to offer a wry comment on the country's...

Author: /time Magazine | Title: See the Asia Pacific Triennial | 11/26/2009 | See Source »

Perhaps they realize that the spotlight of this trial has already shifted away from Mumbai. India is putting intense diplomatic pressure on Pakistan to bring those accused to justice and lobbying its allies to do the same. What India most covets is the arrest and prosecution of Hafiz Saeed, the...

Author: /time Magazine | Title: One Year After the Massacre, a Trial Plods On | 11/26/2009 | See Source »

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