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...banking records. But with credit-card defaults rising and a general "flight to quality" this year brought on by the subprime mortgage crisis, fewer outlets are willing to buy the debt. "The securitization market for credit cards was operating for the first half of 2008 but is now shut down, making it harder to securitize credit-card debt," says Arthur Wilmarth, finance professor at George Washington University Law School. Banks, forced to keep more debt on their books, are less willing to lend to anyone who doesn't have a high FICA, or credit quality, score. The result...

Author: /time Magazine | Title: With Defaults Rising, Is a Credit-Card Crisis Looming? | 11/14/2008 | See Source »

...additional 974,000 jobs. Together, says CAR, these 1.2 million workers spend enough to keep 1.7 million more people employed. That gets you to 2.9 million jobs tied to the Detroit Three, and even if you discount the figures because of CAR's allegiance, it's a big number. Shut down Detroit, and the national unemployment rate heads toward 10% in a hurry. (See Pictures of the Week...

Author: /time Magazine | Title: Is General Motors Worth Saving? | 11/13/2008 | See Source »

Normally, blood pressure drops during sleep, but if people don't get enough shut-eye, it can exacerbate hypertension - or even cause it - and lead to depression and weakened immunity, according to previous research. Longer sleep is, therefore, especially vital for patients who already have high blood pressure. Maintaining a consistent sleep pattern is also important - tampering with the body's circadian rhythm is associated with a variety of hormonal, metabolic and cardiovascular problems. In late October, Swedish researchers reported that the rate of heart attacks jumped following daylight savings time shifts in the spring and fall. "Our data suggest...

Author: /time Magazine | Title: Too Little Sleep Adds to Risks of Hypertension | 11/12/2008 | See Source »

...outgoing mayor is also ultra-orthodox, and many non-religious Jerusalemites chafed at the growing number of restrictions imposed on Sabbath activities. During campaigning, Porush said little about how he would sanctify Jerusalem, but many Israelis envisioned the city becoming a ghost town on the Sabbath, with all restaurants shut and cars banned from many neighborhoods. They also feared that Porush would have pushed for the segregation of men and women on buses and in municipal offices. Shalom Yerushalmi, a columnist for the daily Maariv, wrote, "I know many people who returned the suitcases to the closets, after promising...

Author: /time Magazine | Title: Jerusalem Votes In a Secular Mayor | 11/12/2008 | See Source »

...IAEA's investigation, the deepening suspicions toward the Assad regime are coming at an increasingly complicated moment in relations between Damascus and Washington. Late last month, U.S. special forces launched a raid into eastern Syria targeting an alleged al-Qaeda weapons smuggler. In response, the Syrian government shut down an American school and cultural center in Damascus, and forced American Fulbright scholars based at Syrian institutions to leave the country. On Sunday, the New York Times reported that the most recent raid was simply one of dozens that had been conducted on Syrian territory by U.S. special forces under secret...

Author: /time Magazine | Title: Was the U.S. Right About Syria Nukes? | 11/11/2008 | See Source »

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