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...Many European nations think that the U.S. approach of putting hundreds of billions of dollars of taxpayer money into the pot to increase jobs, cut taxes for most citizens, and put a safety net under financial firms is excessive. One of the things that these governments rarely admit is that they may not have the capacity to borrow in the open debt market the way that the U.S. Treasury can. China may not want to own paper from the Grand Duchy of Luxembourg and it is hard to blame the communist central government in the big Asian country for that...

Author: /time Magazine | Title: Why Europe's Criticism of the Stimulus Got Out of Hand | 3/26/2009 | See Source »

...Admit that we are powerless over addiction to easy money and cheap fossil fuel and living large - that our lives had become unmanageable...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...unsettling questions about the place of prizes, especially monetized prizes, in the world of letters. It’s not that “2666” was not a great work or that I feel it shouldn’t have won. In fact, though I have to admit I haven’t finished it, I have a hard time believing that there could be another piece of fiction from 2008 that is more ambitious, more expansive, more powerful than Bolaño’s book—that there is any other book more deserving. Rather...

Author: By Sanders I. Bernstein, CRIMSON STAFF WRITER | Title: Awards Should go to the Living | 3/20/2009 | See Source »

...Drivers have an obvious motivation to keep their jobs, especially in this economy,” said Kales. “They are not going to admit when they have a serious condition...

Author: By Huma N. Shah, CONTRIBUTING WRITER | Title: Test Would Curb Drivers Asleep at the Wheel | 3/20/2009 | See Source »

...Programs like Shakti, which successfully mix philanthropy with the bottom line, may show the way forward for companies trying to preserve their CSR programs in the rocky economic climate. Although companies are loath to admit that they are cutting their spending on social programs, nonprofit organizations tell TIME that since the recession hit, several have canceled commitments to help fund projects. "We have had three or four partners pull out since October or November, after we had every expectation of the money," says the head of a small organization in London that runs youth programs in eight countries, mostly...

Author: /time Magazine | Title: Charity Crunch Time | 3/19/2009 | See Source »

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