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...fueled spending continued into the spring. New data from the Federal Reserve shows that outstanding consumer credit which includes credit cards, auto loans and tuition financing, but not mortgages, fell by $15.7 billion to $2.52 trillion, an annualized drop of 7.4%. That marks the second-largest dollar drop on record, following March's $16.6 billion decline...

Author: /time Magazine | Title: Consumer Borrowing Is Down, But For How Long? | 6/6/2009 | See Source »

...upward climb of world stock markets, three straight months of Chinese manufacturing expansion, the weak dollar. But there are still plenty of skeptics of a rapid and robust turnaround, with their own set of numbers to cite: continued bleeding of private-sector jobs in the U.S. and Europe, more record lows in new home construction, and, er, the weak dollar. (Watch TIME's video of Peter Schiff trash-talking the markets...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...foot equivalent unit (TEU) container on an East Asia-to-Europe voyage is reportedly currently maxing out at a paltry $500. Though the pace of the drop in rates has slowed, there are signs that charter prices have still not bottomed out, having dipped below the record lows of the 2002 stock-market crunch. According to London ship broker Clarkson, a 3,500-TEU gearless Panamax vessel - the largest vessel that can go through the Panama Canal - pulls in $6,500 a day, down 34% on the $9,500 it was charging in February...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...says, it can be seen in the kind of medicine already being practiced by Kaiser Permanente, the Mayo Clinic, Intermountain Healthcare and Geisinger Health System, which manage to hold down costs and get better results. Their operations have fostered closer teamwork among care providers. Also important will be electronic record-keeping that saves time and avoids errors, and comparative-effectiveness research that gives doctors and patients a better sense of which treatments work best. And a reformed health-care system would put more emphasis on preventive care and managing such chronic conditions as asthma, heart disease and diabetes that...

Author: /time Magazine | Title: The Five Big Health-Care Dilemmas | 6/5/2009 | See Source »

...attack on the candidate's wife. The President said Zahra Rahnavard, who is the first woman in the history of the Islamic Republic to campaign on behalf of her husband, had entered university without sitting the difficult national entry exam. "I'd like to talk about the educational record of a lady you know very well. Should I talk about this lady's record? Should I?" Ahmadinejad had asked threateningly...

Author: /time Magazine | Title: Iran's Presidential Debate: Will Ahmadinejad's Attacks Backfire? | 6/5/2009 | See Source »

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