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...fellow at the right-leaning think tank the American Enterprise Institute and a former top economist at the Federal Reserve, says the problem with the stimulus bill is that it stimulates parts of the economy - like the health-care and alternative-energy industries - that were likely to grow anyway. He believes it would have been better to spend on U.S. manufacturing, where demand is much less certain to resurface and jobs are being shed rapidly. "I don't buy the argument that you just have to give the stimulus package more time," says Reinhart. "By the test they put forward...

Author: /time Magazine | Title: Obama's Stimulus Plan: Failing by Its Own Measure | 7/14/2009 | See Source »

Unlike the U.S., Russia doesn't view Iran's nuclear program as a major threat. "The Russians say, 'We can live with a nuclear Iran,'" says Rumer. "They don't want it, but think it's going to happen anyway." Rather than try to halt Iran's nuclear program, Moscow has offered to enrich uranium for Tehran; the mullahs have politely turned that down. Russia is skeptical that sanctions will ever persuade Iran to change tack on its nuclear program - fearing, instead, that they will just embolden Iran's hard-liners. And when all is said and done, Russia...

Author: /time Magazine | Title: The Challenge That Awaits Obama in Moscow | 7/13/2009 | See Source »

...dealing, disaster journalism and security-ringed extractive industries for whom development was too often someone else's problem. There were exceptions, countries like Botswana and Mauritius and businessmen like Bsaibes, whose 19th century Lebanese forebears were tricked into disembarking in Liberia after buying passage to America, but who thrived anyway. But the exceptions only highlighted how far the rest of Africa was falling short. (Read an interview with Ellen Johnson Sirleaf...

Author: /time Magazine | Title: Rebuilding Liberia | 7/13/2009 | See Source »

...Last year I did a movie called Milk. Imagine my surprise when I found out that Milk was the name of a guy, not my favorite drink. I mean, I love milk the drink. Chocolate milk. But never strawberry milk. I did the movie anyway, and now gay people can have jobs...

Author: /time Magazine | Title: James Franco's Vetoed Graduation Speech | 7/10/2009 | See Source »

...assimilation. Bequelin said the feeling of helplessness and desperation conveyed by those words gives a strong indication of the forces driving the Uighur protesters. "You could say they were suicidal," Bequelin said. "They knew the terrible consequences of protesting for themselves and their families and yet they went out anyway...

Author: /time Magazine | Title: China: At Least 140 Dead in Xinjiang Province Clashes | 7/6/2009 | See Source »

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