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...collapse with precision long before most economists. His forecasts for the next year or so seem reasonable and are widely viewed as a good road map for what is likely to be ahead for GDP and employment. However, he may not be right with his estimate that total banks write-offs due to toxic financial instruments sold by U.S. will be about $3.3 trillion worldwide. That is well above projections by most economists and the IMF. Nationalization of U.S. banks would cause hundreds of billions of dollars of losses to the common and preferred stockholders in the firms. This...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...contrary. Email and BlackBerrys have their own particular character of communication, which I think is very different from the interior dialogue that one conducts in the pages of a diary, or the written conversation to which one contributes when writing a letter. The culture being what it is, people don't write letters today, people don't keep diaries today. As late as Ronald Reagan, some presidents maintained a virtual diary of their presidency, which is an invaluable document to get inside their head. Those don't exist for the years since...

Author: /time Magazine | Title: A Historian's Take on Obama | 2/16/2009 | See Source »

Your new book is a poetry collection. You began as a poet, didn't you? Yes. I guess the thing that I'm most proud of is that I kept on writing poetry. I understand that poetry is sort of the source of everything I do. It's the source of my creativity. I go on using it as a way into my deeper mind. Often I find that poems predict what I'm going to do later in my own writing, and often I find that poems predict my life. So I think poetry is the most intense expression...

Author: /time Magazine | Title: Love, Erica Jong Style | 2/13/2009 | See Source »

...write that love is never enough to save us. Why? The experience of love - yes, it's mind-expanding and soul-expanding, but it cannot save us from loneliness or mortality. That's a paradox because we hope it will...

Author: /time Magazine | Title: Love, Erica Jong Style | 2/13/2009 | See Source »

Most people who write for TV are not famous. How good of a TV writer must Joss Whedon be, that he is famous for it? The answer is, very good. Whedon - who is also a director-producer-creator person - is the man behind, among other brilliant things, Buffy the Vampire Slayer, Angel, Firefly and Dr. Horrible's Sing-Along Blog (which if you don't know what that is, it's very important that you find out immediately). (Read about Dr. Horrible's Sing-Along Blog...

Author: /time Magazine | Title: Q&A: Joss Whedon, creator of Dollhouse | 2/13/2009 | See Source »

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