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...That rise in indebtedness is now giving way to what looks to be a long slide. At least, it had better be; if consumers start piling on debt again, we'll just have another, bigger credit crisis in a few years. But if they keep increasing their savings rate and reducing their debt loads, that's bad news for corporate profits, not just bank profits. Anybody who makes things that in recent years were bought on credit, from houses to washing machines to cars, is likely to be affected. So are stock prices. "Higher borrowing produces both higher profits...

Author: /time Magazine | Title: Economic Recovery: Will Corporate Profits Recoup? | 6/9/2009 | See Source »

...part, the high rate of injury reflects the sheer increase in household computer ownership, which jumped 309% over the same period. But computer exposure and injuries hardly rose in lockstep: injuries far outpaced ownership, growing 732% from...

Author: /time Magazine | Title: Another Computer Hazard: Dropping One on Your Foot | 6/9/2009 | See Source »

...spin game is on as the world tries to talk itself out of the worst recession since the end of World War II. The good news is that there is a slowing in the rate of deterioration in the global economy. The tougher news is that this is hardly surprising. In the aftermath of unprecedented annualized plunges in real global GDP on the order of 6% to 7% in the fourth quarter of 2008 and the first quarter of 2009, the pace of deterioration almost had to moderate...

Author: /time Magazine | Title: Kidding Ourselves About an Asian Recovery | 6/8/2009 | See Source »

...game, four years in the making, is set in beautiful Sunset Valley, a town that has 67 simulated human residents. They are fascinatingly complex and have lives of their own; you can follow them around or spy on them in their homes. All the residents age at the same rate as your character (a rate you can change to speed up the game). You can fall in love with the girl next door and marry her 10 years later. In previous versions, characters' ages were frozen in time unless you were interacting with them...

Author: /time Magazine | Title: The Sims 3: Getting Real | 6/8/2009 | See Source »

...cost-benefit analysis in antipollution enforcement (her ruling was later overturned). But the real fight over her confirmation will focus on her role in a case about tests for promotion within the New Haven, Conn., fire department. Although the tests were designed to be race-neutral, the pass rate for blacks was half that for whites. So New Haven threw out the test results. Several white firefighters who scored high enough for promotion sued the city. One of the plaintiffs was dyslexic and had hired tutors to help him. Sotomayor was on the three-judge panel that okayed New Haven...

Author: /time Magazine | Title: The Limits of Empathy for Sonia Sotomayor | 6/8/2009 | See Source »

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