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Margaret Atwood has worn many literary hats - novelist, poet, essayist, critic, historian - but now she has added another one: orator. Her latest book, Payback: Debt as Metaphor and the Shadow Side of Wealth, isn't just her first nonfiction book not about literature; it's also a series of speeches. Atwood has turned Payback into a Canadian Broadcast Corporation Massey Lecture Series, in which she explores debt as a cultural construct, from favor-trading in chimpanzee societies to, well, favor-trading among the Corleone clan in Francis Ford Coppola's The Godfather. This is not a book about...
Just past noon, Anna Chernova, a 68-year-old retiree, pushes her black metal shopping cart into an Aldi store on Chicago's North Side. After arriving from Russia 16 years ago, Chernova regularly shopped at conventional supermarkets like Dominick's and Jewel-Osco, but no more. "They're too expensive," Chernova says, lengthy shopping list in hand. Now she visits Aldi once a week, drawn by the no-frills chain's $2.69 gallon jugs of milk (compared with $3.99 for a gallon of Dean whole milk at Jewel-Osco) and 33¢ boxes of salt (compared with 79?...
Still, with one network set after another looking like the sales floor of a Circuit City, it seemed as though the networks were trying to buy gravitas with high-tech gadgets. The screens dripped data--a list of states running down the side, graphics spanning the bottom, a "virtual Senate" materializing on CNN. Even the pundits metastasized: the networks had banks upon banks of them, lined up like operators at a telethon. Look at all this information! the screens screamed. Look at all this analysis! Never mind that we're sitting on the news...
What is the future of risk? In the short term, an era of risk aversion is sure to continue, as financial outfits, gripped by the fear that something more will go wrong--loans not paid back, a company on the other side of a trade going bust--pull back on everything from the creation of complex securities to credit-card limits...
...University of Texas mathematics professor and Democratic precinct chairman, was canvassing his old Austin neighborhood last weekend when he spied a homemade McCain sign on a neighbor's lawn. Someone had stolen the official sign and his neighbor had been forced to improvise. "I was ashamed that my side, 'the good guys', would rip off his sign," Sadun told TIME in an email. "So I decided to replace it, partly as penance and partly to show him, and the neighborhood, that we really are the good guys." Sadun headed to the downtown GOP office, a quiet, low key operation...