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...built a gleaming $4 million factory, and she has plans for a $7 million expansion to keep up with the growing demand among health-minded consumers for omega-3 fatty acids. But financing these ambitious plans may prove problematic, with Iceland mired in its first recession since 1992 and interest rates at 15.5% - the highest in Europe. "Our banks aren't so keen on lending right now," she says. "It's not a good time to chase money...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

...bill--among the most significant pieces of legislation ever passed by the U.S. Congress--included much more. Its education benefits threw open the doors of élite academies to the masses: in 1947, veterans made up almost half the nation's college students. It also offered low-interest, no-money-down mortgages, backed by the U.S. government, that allowed millions of families to purchase their first homes. The move helped spark the postwar baby boom and the suburbanization of America in the 1950s: it effectively created the American middle class...

Author: /time Magazine | Title: A Brief History Of: The GI Bill | 5/29/2008 | See Source »

...question of more than regional interest. The U.S. has been on a three-decade binge during which imports have far exceeded exports, with the trade deficit peaking at $758 billion, or 5.7% of gross domestic product (GDP), in 2006. Whether this is a good thing or a bad thing has been endlessly debated, with no clear resolution. But it does seem to be an unsustainable thing. The U.S. finances its deficit with money borrowed from abroad. At some point, those foreign lenders will want to be paid back. While there are several ways to go about this--inflating...

Author: /time Magazine | Title: Will Exporting Ports Fix U.S. Trade Deficit? | 5/29/2008 | See Source »

...have dementia of one kind or another, according to a comprehensive study published late last year. This is not a partisan statistic. If Hillary Clinton or Obama had a decent chance of having a heart attack or stroke in office, would this be something the electorate had a legitimate interest in? Signs and symptoms of dementia include memory loss and difficulty with language and learning new things. As a health professional with years of experience in this area, I call on McCain to undergo testing to verify his cognitive fitness for office. Michael Gilman, YUMA, ARIZ...

Author: /time Magazine | Title: Inbox | 5/29/2008 | See Source »

...that the U.S. has no influence over the Hizballah takeover in Lebanon [May 26]. In fact, these events are the culmination of inept and inconsistent U.S. policies there, and the situation might still be changed if we assessed facts correctly instead of pandering to the illusions of American special-interest groups. Hizballah is powerful because the U.S. cut and ran from Lebanon when it bombed our airport Marine barracks in the '80s. The U.S. must display respect for the leaders of all other countries and parties, friend or foe, and stop calling our enemies names to please the crowds...

Author: /time Magazine | Title: Inbox | 5/29/2008 | See Source »

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