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...borrowing to cover more of these costs than we have in earlier wars - which will likely increase the ultimate price we have to pay." That refusal to spell out the full cost can lead to unwise spending increases elsewhere in the federal budget or unwarranted tax cuts. "A sound budgeting process forces policymakers to recognize the true costs of their policy choices," Kosiak adds. "Not only did we not raise taxes, we cut taxes and significantly expanded spending...

Author: /time Magazine | Title: The $1 Trillion Bill for Bush's War on Terror | 12/26/2008 | See Source »

...more time at home trying to find girls on the Internet," he says. "I used to spend hundreds of dollars a week on my various dating efforts, whereas now, I only spend $50 a month on online dating, and I'm pretty much guaranteed success." That last part may sound a bit cocky, but there are plenty of women out there who are ready to prove him right...

Author: /time Magazine | Title: A Bull Market for Online Dating | 12/24/2008 | See Source »

...growing interest to researchers, earlier studies had been inconclusive, and plagued by biases, including the fact that most of the trials relied on people's self-reported accounts of their sleeping habits. The scientists knew that teasing apart the myriad processes that contribute to sleep, and then drawing scientifically sound connections between them and the host of things that can trigger heart disease, would be difficult at best. So the Chicago team isolated the most common confounding variables that could explain both poor sleep and heart problems, such as smoking, alcohol, and other medical conditions, and also found...

Author: /time Magazine | Title: Lack of Sleep Linked to Heart Problems | 12/23/2008 | See Source »

...consequences of a Daewoo failure looked catastrophic. Daewoo, it turned out, had about $75 billion in debt and other liabilities - a hit the Korean banking sector could ill afford. The banks had just been yanked from the abyss by a government bailout (sound familiar?) made necessary by the 1997-98 Asian financial crisis. And the timing also could not have been worse: the economy was emerging from its deepest recession since Korea's accelerated growth began in the early 1960s. Arguably, a Daewoo collapse was more threatening to Korea than, say, a GM bankruptcy would be to the U.S., simply...

Author: /time Magazine | Title: Why Detroit Is Not Too Big to Fail | 12/19/2008 | See Source »

Rick Warren may occasionally sound more open-minded than Jerry Falwell, another plump Evangelical who once played a prominent role in U.S. politics. But he's not. Gays and lesbians are angry that Barack Obama has honored Warren, but they shouldn't be surprised. Obama has proved himself repeatedly to be a very tolerant, very rational-sounding sort of bigot. He is far too careful and measured a man to say anything about body parts fitting together or marriage being reserved for the nonpedophilic, but all the same, he opposes equality for gay people when it comes to the basic...

Author: /time Magazine | Title: The Problem for Gays with Rick Warren — and Obama | 12/18/2008 | See Source »

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