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...whatever reason, Salinger published just one more book, combining "Carpenters" and "Seymour," in 1963, though in a foreword he promised readers that more Glass stories were under way. Two years later there was that final long story in the New Yorker, called "Hapworth 16, 1924," which purports to be a letter home from summer camp by a wildly precocious 7-year-old Seymour. After that, the signal shuts down. Salinger was occasionally spotted in public but spoke publicly only on rare occasions...

Author: /time Magazine | Title: J.D. Salinger Dies: Hermit Crab of American Letters | 1/29/2010 | See Source »

Salinger's marriage to Douglas was also over by 1967, though they continued to live near one another so they could share in the upbringing of their two children, Margaret, who would publish a not entirely flattering memoir about her father in 2000, and Matthew, who became an actor and producer. Salinger would remain a recluse, but he was never inclined to be a hermit. Within a few years of his divorce, he enticed another young woman to join him in exile. In April 1972, the New York Times Magazine published what would be a much-discussed article, "An Eighteen...

Author: /time Magazine | Title: J.D. Salinger Dies: Hermit Crab of American Letters | 1/29/2010 | See Source »

...issue, though, is how many companies would actually deserve the tax credit. Nearly 12 months after Congress passed the $787 billion stimulus bill, and in the wake of a homebuyer tax credit and Cash for Clunkers, economists and others are paying more attention to the collateral cost of stimulus. The question with this proposal is how many of the million companies that Obama predicts would be awarded a job-creation tax credit would have hired workers anyway...

Author: /time Magazine | Title: Obama's Job-Creation Tax Credit: Will It Work? | 1/29/2010 | See Source »

...economic-research outfit Centennial Asia Advisors noted that based on available data, "there was no sign that domestic banks' nonperforming assets were deteriorating materially." Nor do analysts harbor the same concerns that India's monetary policies are sending prices of Indian real estate to bubble levels. "India's growth, though less stellar, does have the reassuring factor that the [risks of] asset price bubbles are less," says Rajat Nag, managing director general of the Asian Development Bank in Manila...

Author: /time Magazine | Title: India vs. China: Whose Economy Is Better? | 1/28/2010 | See Source »

...exports represented 35% of GDP compared with only 24% for India in 2008. Thus India was afforded more protection from the worst effects of the financial crisis in the West, while China's government needed to be much more active to replace lost exports to the U.S. More significantly, though, India's domestic economy provides greater cushion from external shocks than China's. Private domestic consumption accounts for 57% of GDP in India compared with only 35% in China. India's confident consumer didn't let the economy down. Passenger car sales in India in December jumped 40% from...

Author: /time Magazine | Title: India vs. China: Whose Economy Is Better? | 1/28/2010 | See Source »

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