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...figuring that nearly 10% of the money they're owed from credit cards is money they'll never see. "People were consuming more than their income, and that gave a big boost to the U.S. economy," says Kevin Lansing, a senior economist at the Federal Reserve Bank of San Francisco. "It doesn't seem like that's going to happen going forward...

Author: /time Magazine | Title: A Drag on the Economic Rebound: Consumer Spending | 6/10/2009 | See Source »

...mess kits, flashlights and folding chairs, plus a $10 voucher to the General Store. Rates start at $299 for two people for two nights at one of the Resort's lakeside campsites. You even get to keep all the equipment; all you have to do is set it up. San Juan Island...

Author: /time Magazine | Title: Quintessential Summer: 8 Outdoor Getaways | 6/9/2009 | See Source »

...Planet. Now you can get Lonely Planet guidebooks on your iPhone, with apps for 20 cities, such as London, Barcelona, Tokyo and Miami. GPS mapping allows you to see all the nearby bars, restaurants and cultural landmarks in your vicinity. To get you hooked, Lonely Planet is offering the San Francisco app for free until the end of June; after that, it retails for $15.99. Click here to download...

Author: /time Magazine | Title: Quintessential Summer: 8 Outdoor Getaways | 6/9/2009 | See Source »

...initiative mess, the Bay Area Council, a 64-year-old San Francisco--area business lobby, has proposed a new California constitutional convention, an idea backed by Governor Arnold Schwarzenegger, 2010 gubernatorial candidates Meg Whitman, Gavin Newsom and Jerry Brown and, polls suggest, two-thirds of voters. The 1879 state constitution is the third longest in the world, and it has more than 500 amendments. But to gather this convention, Bay Area Council CEO Jim Wunderman has to put an initiative on the 2010 ballot. "It's ironic, right? We need an initiative," he says, "to get rid of the initiative...

Author: /time Magazine | Title: Joel Stein on California's State of Insanity | 6/8/2009 | See Source »

...author of The Aquariums of Pyongyang, his account of the 10 years he spent as a prisoner in the North (Hwan's grandfather and other family members were also arrested by the security police in North Korea for "crimes" never delineated). The American journalists, employed by Current TV, a San Francisco-based TV network founded by former U.S. Vice President Al Gore, were filming a report about North Korean refugees in China when they were seized by North Korean agents along the border between the two countries. The U.S. government immediately expressed its dismay and called on North Korea...

Author: /time Magazine | Title: Jailed U.S. Reporters: Business As Usual for North Korea | 6/8/2009 | See Source »

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