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...depression which sits just on the other side of a rapidly deepening global recession. Deflation could conceivably make economic matters worse by enticing businesses and consumers to delay purchases based on hopes that prices for goods and services will keep falling. But, there is a potential benefit to a sharp drop in the value of almost everything...

Author: /time Magazine | Title: Deflation: The Enemy Of A Depression | 1/16/2009 | See Source »

...professor, starts off discussing a government plan to combine health care and homeland security. "Now, instead of sending you to the doctor, they send you through airport security," he says. "On my way out here, it was established that my shoes had no plastic explosives, my bag had no sharp objects and my prostate was cancer-free...

Author: /time Magazine | Title: Didja Hear the One About the Funny Economist? | 1/15/2009 | See Source »

...hide and a log as your pillow). But my homestay sister Monika had no qualms about pushing me, punching me, kicking me or spooning me. And it didn’t take long before I learned to push back. With Monika’s arm around me, and two sharp elbows at my disposal, I managed to hold my ground. Come November, when the rains began, I would be long gone, but Monika would still be sleeping there as the rain pounded down outside the hut. It would be her first rainy season as a woman. Monika took...

Author: By Megan A. Shutzer, CRIMSON STAFF WRITER | Title: Coming of Age in Ngare Sero | 1/15/2009 | See Source »

...ready to promise her vote, but others apparently were. Enough Democrats left Tuesday's meeting ready to support Obama that Senate majority leader Harry Reid afterward told reporters, "I think we will get the necessary votes" to block the resolution in a vote expected on Thursday. It was a sharp change from earlier in the morning, when his office had expressed doubts that they had the votes, even though Dems, who hold 58 seats right now, only need to produce a simple majority of 50. "We can all look back and talk about how the first $350 billion...

Author: /time Magazine | Title: Obama Urges Congress Not to Block the Bailout | 1/14/2009 | See Source »

General Motors is getting an even bigger boost. After GM collected $9.4 billion in federal loans last month, its finance arm GMAC, which GM jointly owns with Cerberus Capital LLC, got a Treasury Dept loan of $6 billion. GMAC has been hammered by both the sharp decline in sales of GM vehicles, which it finances, and steep losses in its mortgage portfolio over the past year. (Read "Is This Detroit's Last Winter...

Author: /time Magazine | Title: The Auto Bailout Keeps Growing, and Growing | 1/14/2009 | See Source »

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