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From March 13-22, more than 1,800 acts will descend upon Austin, Texas, for South by Southwest, one of the largest music, film and arts festivals in America. From seasoned veterans like PJ Harvey to unknown bands hoping to make it big, the weeklong festival is a mecca for hipster PBR-drinking music nuts. But amid all the unwashed dye jobs and American Apparel outfits will be Margaret Cho, the stand-up comedian who will appear at SXSW - as a musician? Cho talked to TIME about her sudden career switch. (See pictures from South by Southwest...

Author: /time Magazine | Title: Comedian and SXSW Musician Margaret Cho | 3/13/2009 | See Source »

...President Barack Obama this week urged the world's top economies to adopt aggressive, America-sized spending programs. "It's very important to make sure that other countries are moving in the same direction, because the global economy is all tied together," he said. (See pictures of Barack Obama's family tree...

Author: /time Magazine | Title: Europe's Economic-Stimulus Message: Enough Already! | 3/13/2009 | See Source »

...Just two days after Pandit's comment, the head of another beleaguered firm, Bank of America (BAC), said the company would not need another dime from the government and that it would make money in 2009. Ken Lewis has been maligned for his role in buying brokerage firm Merrill Lynch and then not noticing that it had lost $15 billion late last year. And, oh yes, then may have illicitly paid some of that money in bonuses to Merrill management...

Author: /time Magazine | Title: In the Blink of An Eye, the Economy Got Better | 3/13/2009 | See Source »

...overseas for oil and gas is counterproductive. Yet the Obama budget includes a 13% excise tax on offshore oil and gas production in the Gulf of Mexico, threatening the domestic oil and gas industry at a time when we should be encouraging it to return resources home to America. The various tax increases in the Obama budget combine to form as great a threat to economic growth as the Smoot-Hawley Tariff - in effect a huge tax increase on consumers - did in the 1930s. Obama needs to slow down, recognize how much the world has changed and work across party...

Author: /time Magazine | Title: The Trouble with Obama's New Deal | 3/12/2009 | See Source »

...college. This is the type of vivid pro-growth, pro-savings and pro-investment strategy that's needed to create jobs and restore stability to the financial markets. If President Obama used these 12 solutions as the basis for his 2010 budget, it would enjoy bipartisan support and set America on the path to recovery...

Author: /time Magazine | Title: The Trouble with Obama's New Deal | 3/12/2009 | See Source »

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