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...families of several kids who had been coming to camp for years but hadn't signed up yet for 2009. He heard details about grandparents who had footed the bill for camp losing their money to Bernie Madoff. He heard about parents who worked on Wall Street no longer getting a big enough bonus to cover camp. And the list went on. To keep his loyal campers coming back, he cut some deals: while everyone paid the same, more families than ever set up payment plans. "In the macro picture, we're in the same place we've always been...

Author: /time Magazine | Title: The Recession Hits Summer Camp | 7/2/2009 | See Source »

...fundamental question we must ask ourselves at the beginning of the century is this: What is the purpose of marriage? Is it - given the game-changing realities of birth control, female equality and the fact that motherhood outside of marriage is no longer stigmatized - simply an institution that has the capacity to increase the pleasure of the adults who enter into it? If so, we might as well hold the wake now: there probably aren't many people whose idea of 24-hour-a-day good times consists of being yoked to the same romantic partner, through bouts of stomach...

Author: /time Magazine | Title: Is There Hope for the American Marriage? | 7/2/2009 | See Source »

...dawn of the 21st century, America is, if nothing else, the land of the bargain. Big-box stores like Wal-Mart dominate the retail landscape, peddling middling goods at rock-bottom prices. Higher-end stores put their merchandise on sale like clockwork; if you wait a little longer, you can get it even cheaper at a factory outlet. Afterward, you can fill up on all-you-can-eat shrimp at Red Lobster for $15 - truly, the American Dream...

Author: /time Magazine | Title: What Cheap Stuff Really Costs Us | 7/2/2009 | See Source »

...neon lights are no longer flashing; the roulette wheels have spun their last turn. Casinos across Russia closed their doors Wednesday as a sweeping ban on gambling went into effect, less than a week after a similar ban hit neighboring Ukraine. Lawmakers in both countries say the actions were necessary to bring under control spiraling addiction and a notoriously shady business. But critics say the moves will leave hundreds of thousands out of work and force the industry underground...

Author: /time Magazine | Title: All Bets Are Off: Russia and Ukraine Ban Gambling | 7/2/2009 | See Source »

...longer term, the question could be less about how Europe responds to Iran, and more about how Iran tries to woo back Europe. "Iran is lashing out and fabricating various allegations. But this will harm Iran more than it harms the E.U.," says Sir Richard Dalton, associate fellow at the international-affairs institute Chatham House in London. Dalton believes that behind Iran's prickly attitude is insecurity about the country's relative weakness compared to the E.U. "Iran needs Europe - it needs the trade, it needs support in international organizations and it needs to maintain a strong image...

Author: /time Magazine | Title: How Should Europe Respond to Iran? | 7/2/2009 | See Source »

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