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...nervous breakdown. In Hamilton's book In Search of J.D. Salinger he summarizes a letter Salinger wrote in July 1945 to Hemingway, whom Salinger had met the year before in Paris, telling him that he was being treated at a hospital in Nuremberg for a condition that might lead to a psychiatric discharge from the Army. If that's so, then surely it's Salinger himself at the heart of his great, complicated story "For Esme, with Love and Squalor," about an American soldier struggling after a hospitalization of some kind to "keep...

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

Even so, Bishop says, the plan makes sense. According to estimates from the Economic Policy Institute, which Bishop worked with to produce his own job-creation tax-credit program, a 15% tax break for new hires, which is more generous than what Obama is proposing, would lead companies to add 2.8 million more workers this year than they would have without the tax break. The EPI says that plan could cost as much as $37 billion, or about $26,000 per stimulated hire...

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

What's more, the more closely correlated the brain activity during the rest period, the better the person performed on the tests of recognition. "We found that higher correlations [of activity in the hippocampus and visual cortex] during rest periods leads to high future memory," notes Arielle Tambini, a graduate student in Davachi's lab and lead author of the paper...

Author: /time Magazine | Title: Studies: An Idle Brain May Be Ripe for Learning | 1/29/2010 | See Source »

Only a few hours after Hong Kong surrendered to Japan on Dec. 25, 1941, Chinese admiral Chan Chak helped lead 67 British and Chinese officers on a 129-km escape to unoccupied China. It had all the makings of a Hollywood film: car chases, speeding torpedo boats and an officer saving his commander from drowning amid a barrage of gunfire. Now, in an exhibition called "Escape from Hong Kong: The Road to Waichow," the Hong Kong Museum of Coastal Defence, hk.coastaldefence.museum, is displaying maps, medals and other mementos that bring the legendary journey to life. Reading the handwritten logbooks...

Author: /time Magazine | Title: Naval Gazing | 1/28/2010 | See Source »

...price bubble. According to government data, average real estate prices in Chinese cities jumped 7.8% in December from a year earlier - the fastest increase in 18 months. The credit boom has also sparked worries about the nation's banking system. Many economists expect the large surge in credit to lead to a growing number of nonperforming loans (NPLs). In a November report, UBS economist Wang Tao calculates that if 20% of all new lending in 2009 and 10% of the amount in 2010 goes bad over the next three to five years, the total amount of NPLs from China...

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

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