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Because I'm not a professional pollster, my results, much like my questions, were unusual. For instance, while 32% of voters said the economy was their No. 1 issue, 12% chose Supreme Court appointments, 4% cared most about health care, and a shocking 56% fell under the category "I forgot to ask that question...

Author: /time Magazine | Title: My Own Election Exit Poll | 10/16/2008 | See Source »

...took control of mortgage giants Fannie Mae and Freddie Mac and pledged to inject $200 billion in capital into the home loan guarantors, administration officials said the moves would make it easier and cheaper for people to get home loans. Unfortunately, it hasn't worked that way. Mortgage rates fell sharply after the move, but soon reversed quickly, and are now higher than they were before the Fannie/Freddie rescue plan was launched...

Author: /time Magazine | Title: The Bank Bailout's Side Effect: Rising Mortgage Costs | 10/16/2008 | See Source »

Vanishing Credit One of the main consequences of the financial crisis is that credit will be a lot harder to obtain. That's already happening in the U.K., for example, where the volume of home mortgages approved by lenders fell dramatically in August. Including other forms of consumer credit, total net lending plunged by 86% from its level a year ago, according to Bank of England statistics. Just as Europe's banks were overextended, so consumers in many countries ramped up their household borrowing in the past few years - usually because rising house prices made them feel richer. For policymakers...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

Opel was one of the first Western firms to move east to Eisenach after the Berlin Wall fell in 1989, and it pulled an army of suppliers and service companies in its wake. On Adam Opel Street, Lear Corporation makes seats for the Corsa, while parts makers Mitec AG and Robert Bosch are across town. Uwe Laubach, head of the local chapter of the IG Metall union, says as many as 900 temporary workers in the local auto industry have lost their jobs in recent weeks. "The situation is dramatic," says Michael Lison, head of the industry association Automotive...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

John McCain was not quite 2 years old when his parents despaired of managing his tantrums; he would go into a "mad frenzy," he says, holding his breath until he passed out and fell to the floor. A Navy doctor offered a prescription: whenever McCain erupted, his mother would shout to his father, "Get the water!" Then his parents would fill a bathtub with cold water and drop their fully clothed son in. "Eventually," McCain recalls in his memoirs, "I achieved a satisfactory (if only temporary) control over my emotions...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

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