When the Wealthy Sneeze, the Economy Catches Cold

The wealthiest Americans are a changing breed as conservative savers turn into manic spenders. Risk-taking millionaires can find themselves living out of their cars. What does that mean for the rest of us? Can government programs be sustained if they depend on taxing the least stable segment of the consumer economy? Also, the future of the US presence in the Gulf after the Iraq War, and the real story behind the latest Medal of Honor.

Banner image: Sailboats from the local yacht club race as waves break over the breakwater at Santa Barbara Harbor in Santa Barbara, California. Photo by Stephen Dunn/Getty Images