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...bubble: "Can Flip's mortgage really be possible? Even if it is (and it can't be), I doubt it can be legal. A million dollars with no down payment, for two grand a month? It's an insult to money - an insult to the value of money. No wonder the L.A. real estate market has a problem with hyperinflation: the mortgage industry is printing its own banknotes...All I know is this: there is only one conservative, sensible, educated strategy when it comes to home ownership in L.A.. I must buy immediately, while I can still make...

Author: /time Magazine | Title: A Brit in Los Angeles, Deep in Debt | 2/17/2009 | See Source »

That's the idea behind the Administration's climate czar, Carol Browner; its yet-to-be-named health-care czar (formerly Tom Daschle, before he crashed and burned); the contemplated urban-affairs czar; rumored soon-to-be-named drug czar Gil Kerlikowske; and other wonder-working bureaucratic potentates...

Author: /time Magazine | Title: Saying No to a Car Czar: A Smart First Step on Detroit | 2/17/2009 | See Source »

...Little wonder that fewer than one in 10 Japanese support Aso, according to a recent poll by Nippon Television. His approval rating of 9.7% is the lowest since former Prime Minister Yoshiro Mori bottomed out at 8.6% in February 2001. (Mori resigned two months later.) Despite efforts to jumpstart economic growth, including a controversial proposal to hand out $21.7 billion to the Japanese public, many think Aso hasn't done enough. "We have a once-in-a-hundred-year crisis and the policy response is not even average," says Jesper Koll, president and CEO of Tantallon Research Japan. "The people...

Author: /time Magazine | Title: Japan's Prime Minister Aso Faces Ugly Economic Truths | 2/16/2009 | See Source »

...Ripley's Believe It or Not! approach it takes to its subject. There's a dutiful hat-tip to the threat coral reefs face from global warming, without any substantive advice on what a concerned moviegoer could do about it. Nevertheless, it's quite a parental high to see wonder on the face of a child. Even behind the weirdo glasses...

Author: /time Magazine | Title: Under the Sea: Fish Tales in 3-D | 2/13/2009 | See Source »

Gregg, Sen. Judd • allegedly principled withdrawal by as Commerce Secretary nominee is followed by reports of previous seeking of that very position by, leaving observers to wonder what it was about Obama's policies that was suddenly learned by to cause this about-face...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 2/13/2009 | See Source »

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