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...another way, does GM deserve to be bailed out or left at the mercy of the market and almost certain death? "The University of Chicago training in me says the market should prevail," says Schrager. "But the Chrysler bailout was a success, and, gosh, I'd love to save it." That sentiment is not shared by everyone, and it goes to the heart of the central economic debate facing the country - between hard-nosed capitalists, who believe the market should decide, and public-policy types who view the economy as something far more organic than a balance sheet. But ultimately...

Author: /time Magazine | Title: Is General Motors Worth Saving? | 11/13/2008 | See Source »

Christabel Lee was 12 years old and had just saved up $90 for a new bicycle when her wallet disappeared with all her cash in it. She asked her parents if they would buy the bike for her, but they refused. It's not that they couldn't afford to help. Lee's father is vice chairman of a major Hong Kong conglomerate; her family is rich. Lee, now 36 and the managing director of a printing company, remembers crying about the injustice of it all. But today, she recognizes that she gleaned a valuable lesson from the incident: money...

Author: /time Magazine | Title: No Free Rides, Kid | 11/13/2008 | See Source »

...advises finding charitable causes for kids and ensuring that they see the results of their philanthropy. By researching different programs and working with a team of volunteers, youngsters can gain valuable perspective on how the rest of the world lives and how better to prioritize their own "give-save-spend ratio," says Willis. Helping others is a powerful tool for teaching children about sacrifice and detachment from material things, she says...

Author: /time Magazine | Title: No Free Rides, Kid | 11/13/2008 | See Source »

...populist drills like this can save a lot of lives. As things stand now, if Thursday's "quake" actually happened, about 1,800 people would die and 53,000 would be hurt. Damages would reach an estimated $213 billion. Most people would be without electricity, clean water, ATMs, YouTube videos and multiplayer collaboration games for weeks or months...

Author: /time Magazine | Title: Rehearsing for California's Big Earthquake | 11/12/2008 | See Source »

...Save My Feet Blister Elixir The shoes that look the best sometimes hurt the worst. To defend against blisters and uncomfortable friction, grab a bottle of Save My Feet Blister Elixir - it'll do just that. Just dab a bit wherever you predict pain and let it dry for 10 minutes; the combination of skin protectants (allantoin and dimethicone) will thwart rubbage for eight hours, and won't stain your socks or stockings. It has a light and fresh scent, almost like suntan lotion, and is perfect for breaking in new shoes - boots, flip-flops and everything in between...

Author: /time Magazine | Title: Top Treatments for Road-Weary Peds | 11/12/2008 | See Source »

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