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...inflation. If the Fed fears that prices are rising too fast, it will raise rates to slow the economy. Longer-term rates, like those on a standard mortgage, are set on the open market. They are partly a bet on how well the Fed will control inflation but also reflect supply and demand. If there are lots of people with money to lend and not so many who want to borrow it, rates go down...

Author: /time Magazine | Title: The End of Easy Money | 7/19/2007 | See Source »

Some of this receptivity may reflect biblical viability. On immigration (as opposed to, say, gay marriage) it is liberals who get to cite specific verses to sanction their cause, while anti-immigration conservatives must fall back on a "sense" of Scripture. "In the Old Testament, God speaks of being the God of the aliens about 103 times. That's a lot," says Paul Lim, a Vanderbilt University Divinity School professor writing a book on the theology of immigration. The New Testament, he notes, features not just Jesus' famous criterion for the saved--"I was a stranger, and you welcomed...

Author: /time Magazine | Title: A Church Haven for Illegal Aliens | 7/19/2007 | See Source »

...unzipped zipper. Doug reveled and rebelled in his Southernness. He wrote a novel about his grandmother, a textile-union militant. He called his comic strip Kudzu, because he loved the twisted symbolism of that vine. He was enthralled by irony, and I wish Doug were around to reflect on the gothic ridiculousness of his own death, at age 57, on a back road in Mississippi, in a collision with a loblolly pine that was as straight and true and stubborn as he was. As Doug would say: Lord, I'm gonna miss that...

Author: /time Magazine | Title: Milestones Jul. 23, 2007 | 7/12/2007 | See Source »

...progressive religious allies. But in many ways, Clinton's personal comfort with religion and ability to act as his own religious liaison masked the ongoing problems of his party. Democratic leaders were happy to let Clinton sermonize. They had no interest, however, in changing their approach on abortion to reflect his "safe, legal and rare" mantra. Nor did they expand their outreach efforts to include religious constituencies other than black churches. By the time Clinton left the White House in 2001, the party was as disconnected as ever from faith voters. And George W. Bush was able to get away...

Author: /time Magazine | Title: The Origins of the God Gap | 7/12/2007 | See Source »

...lengths to which some students have gone to cheat their way into college reflect a wider crisis in Vietnam's higher education system, which hasn't grown fast enough to meet demand from students eager to get ahead in Asia's second-fastest-growing economy...

Author: /time Magazine | Title: The Stresses of Vietnam's Exam Season | 7/12/2007 | See Source »

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