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...stories of Madoff's victims also signal a new resetting of personal expectations, a dramatic and inspirational recasting of the American Dream. "Right now, the people going through this tragedy are in the process of reordering their lives, re-evaluating their place on earth, and trying to find a larger meaning," says a New Paltz, N.Y., psychologist indirectly hit by Madoff. Let's call him Dr. K. His parents, who live in Boca Raton, Fla., had their retirement millions wiped out. "My parents are now grateful for the things they do have," he says. (See the top 10 scandals...

Author: /time Magazine | Title: Madoff's Victims: Finding Meaning in the Devastation | 12/30/2008 | See Source »

...morphed from a place where people went just to gamble and get a lap dance to a destination where middle Americans wanted to vacation. It became so mainstream that even the Southern Baptists had a convention in the city. "Visitors were coming to hotels at rates of 90% - a signal to expand," Schwer explains. "And interest rates dropped, so there was readily available cash to do just that." Jan Freitag, a hotel analyst at Smith Travel Research, agrees: "There was the sense that if you build it, they will come - that there was this pent-up demand...

Author: /time Magazine | Title: Behind Vegas's Bad Bet | 12/29/2008 | See Source »

...cycle" test designed to measure whether various biofuels really reduce overall carbon emissions from the field to the tank; the farm lobby is already pushing for a weak test, because a strict one could halt the biofuel revolution. The position Vilsack's department takes on this arcane test could signal whether it will really serve, as Obama pledged on Wednesday, "not big agribusiness or Washington influence peddlers but family farmers and the American people." But that would require real change - not only for the department but for Vilsack and for Obama...

Author: /time Magazine | Title: Vilsack: Some Hard Choices on Ethanol | 12/18/2008 | See Source »

...Foreign Minister Luís Amado wrote to his European counterparts urging them to join his country's effort to help the U.S. close down Guantánamo. "The time has come for the European Union to step forward," Amado said in his letter. "We should send a clear signal of our willingness to help the U.S. government in that regard, namely through the resettlement of detainees...

Author: /time Magazine | Title: Portugal's Offer to Help the US Close Guantánamo | 12/18/2008 | See Source »

That would send a powerful signal that change...

Author: /time Magazine | Title: Obama Power Will Be in White House, Not Cabinet | 12/16/2008 | See Source »

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