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...fool's analysis that banks will make risky loans just because their cost of money has dropped; There is almost certainly no truth in that. Many banks still want to keep as much capital as they can in the event of future losses. The same bankers may have been slow-minded enough to dump money into derivatives, but they are shrewd enough to stay out of lending into a real estate market which may well still be dropping...

Author: /time Magazine | Title: Why the Housing Market Has Yet to Hit Rock Bottom | 2/5/2009 | See Source »

...rare gimmick that can lead to innovation. On T-Pain's latest album, Thr33 Ringz, tracks like "Karaoke" and "Chopped N Skrewed" literally bounce between notes, giving the record a kids-on--Pop Rocks exuberance. Using the same program, West's 808s & Heartbreak is the complete opposite--angsty, slow and brutally introspective. West sings throughout, and while he couldn't have hit most of the notes without Auto-Tune, he also couldn't have sounded as ghostly and cold, and it's that alienated tone that made 808s one of the best albums of last year...

Author: /time Magazine | Title: Auto-Tune: Why Pop Music Sounds Perfect | 2/5/2009 | See Source »

...encomiums that followed his passing last June, of a heart attack at age 71, what has been conveniently missed is the fact that, for the past few years of his life, the entertainment world didn't pay much attention to George Carlin. Unlike his great contemporary Richard Pryor - whose slow decline from multiple sclerosis prompted years of tributes and early eulogies, before his death in December 2005 - Carlin had the bad form to keep working to the very end, maintaining a nearly full schedule of concert appearances, drawing crowds of devoted (mostly baby-boomer) fans, continuing to come up with...

Author: /time Magazine | Title: George Carlin: The Long Goodbye | 2/4/2009 | See Source »

...same consumer spending prison that all large nations are. As the middle classes in countries where it sells its exports face the financial crisis, American exports slow. America's own middle class is not spending money so the entire global consumer base has disappeared in just a few quarters...

Author: /time Magazine | Title: Foreign Layoffs Start to Hurt U.S. Economy | 2/4/2009 | See Source »

...Nujood's services would be welcome. Despite Yemen's laws against child marriage, about 52% of Yemen's girls marry before the age of 18, often as the second or third wives of far older men. Worldwide, child marriage has been slow to change, according to UNICEF's "State of the World's Children" report released last month. About 49% of South Asian women in their early 20s were married before the age of 18, according to statistics gathered by UNICEF, which links early marriage to high rates of infant death and maternal mortality in very poor countries. "Often families...

Author: /time Magazine | Title: A 10-Year-Old Divorcée Takes Paris | 2/3/2009 | See Source »

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