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...Tokyo has taken a different approach. The city started a fund back in 2006 for the construction of its proposed Olympic venues and infrastructure. Tokyo's metropolitan government will have banked some $4 billion by the end of 2009. The city authority "knows that during good moments, you save money," Hidetoshi Maki, deputy director-general of the Tokyo bid, told reporters in London on Feb. 5. And with the national government pledging to cover up to 50% of the venues' construction costs, "we don't think our bid plan is hugely damaged" by the slowdown, said Maki. Limiting the number...

Author: /time Magazine | Title: In Hard Times, Olympic Plans Go On a Budget | 2/10/2009 | See Source »

...actually President Obama who had led the world to believe Geithner would have more to say, declaring at his press conference last night that the Treasury Secretary would "be announcing some very clear and specific plans." And viewed through a longer-term lens, Geithner's don't-promise-much approach might turn out to be awfully smart. If one leaves aside the actual details of his not-all-that-detailed proposal, one of the most important jobs of a Treasury Secretary in troubled times like these is to instill confidence. Geithner's predecessor, Hank Paulson, was a believer in doing...

Author: /time Magazine | Title: Justin Fox Reviews Tim Geithner's Big Day | 2/10/2009 | See Source »

Europe was always likely to welcome Barack Obama's message on foreign policy, if only because the new President's conciliatory tone represents a fresh approach by Washington. Speaking at the high-powered Munich Security Conference this weekend, Vice President Joe Biden sent all the right signals on consultation and cooperation with European allies. But beyond sighs of relief at the changing of the guard, the European leaders at Munich still seemed unsure of what they actually want from Washington on a wide range of global security issues...

Author: /time Magazine | Title: Europe: No Blank Check for Obama on Global Security | 2/9/2009 | See Source »

...leap into the right but not to the very far end of the right. We have to work on those we can persuade." - Explaining the campaign's approach to outreach. (Wall Street Journal...

Author: /time Magazine | Title: Joshua DuBois: Obama's Pastor-in-Chief | 2/6/2009 | See Source »

...Some folks on the left are uncomfortable with [religious] topics. There is a constitutional and clear separation between church and state embedded in the fabric of our country. And some folks think that means we have to be separate not only in our legal approach to policy but also who we talk to, who we engage with, whose concerns we can listen to." - On integrating religion and policy. (World Magazine...

Author: /time Magazine | Title: Joshua DuBois: Obama's Pastor-in-Chief | 2/6/2009 | See Source »

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