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...this the essential paradox of the age of Obama, that we have to destroy the village in order to save it, bust the budget in hopes we'll someday balance it, play to self-interest to promote the national interest? Just as the Cash for Clunkers frenzy reached its peak, the Administration quietly released new deficit projections, which pointed to a $9 trillion gap over 10 years. In the middle of a national nervous breakdown over out-of-control spending, we took a summer break from puritanical fretting and got all excited about a federal subsidy for something we already...

Author: /time Magazine | Title: Cash for Clunkers: The Bribery Stimulus | 8/27/2009 | See Source »

...decide to focus on that? In the months following the scandal breaking, I got a lot of questions about what made Bernie tick. [His alleged poor endowment] was an issue for Bernie. I started doing some research, and it can impact the psyche from a very early age. I really did feel that this was a part of Bernie's makeup, a big part of his psyche...

Author: /time Magazine | Title: Bernie Madoff's Mistress Speaks | 8/26/2009 | See Source »

...guess the author is nowhere near the age at which death becomes real. Up to that point it's very easy to theorize; you don't have to make up your mind whether death is preferable to a life that offers nothing but mere existence. It's a tragedy that the discussion is governed by people who are not of an age to understand the scope of the problem. Nancy Gibbs will find out for herself when she gets there. Alexander Reiter, Kirchzarten, Germany...

Author: /time Magazine | Title: Inbox | 8/24/2009 | See Source »

...wonder how great a deterrent this represents. It uses figures from an annual report from the U.S. Department of Agriculture, which I suppose would be the expert in growing corn - or kids. This year's report says a typical family will spend about $221,000 raising a child through age 17; that's 21% more than families spent the year I was born. Food and clothing are cheaper now, but housing and health care cost more. Turns out parents get a bulk discount: people with only one child spend 25% more per child than families with...

Author: /time Magazine | Title: Raising a Child Costs Some $221,000, Before College | 8/24/2009 | See Source »

Animated feature is the official name these days, but the old tag cartoon suits the sort of CGI movie - your Shrek, your Ice Age - that goes for big laughs extracted from outlandish situations. Nothing wrong with that; cartoon comedy is an honorable, entertaining and often artful confection and has been since the days of Mickey Mouse, Betty Boop and the sublime Daffy Duck. But animation can go deeper, have higher stakes. You see that impulse in parts of nearly every Pixar picture: the first sections of WALL-E and Up have an ambition, a gravity that stretches the format close...

Author: /time Magazine | Title: Ponyo: A Hit from the Creator of Spirited Away? | 8/24/2009 | See Source »

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