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...world's three biggest credit-rating agencies raising concerns that the scale of debt puts Britain at significant risk of default. That might seem to raise the mortifying prospect of another British Prime Minister going cap in hand to the IMF. Ironically, the IMF backs Labour's more cautious approach to deficit reduction, warning in February that stimulus packages needed to be maintained "well into 2010 for a majority of the world's economies." (See pictures of the City of London...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...songs of Frank Sinatra. Ol' Blue Eyes has been an obsession of hers for years--this is the fourth dance piece she's created for his music--and she's ready for the critics to complain that she's repeating herself. Yet this high-low priestess explains her new approach--the show is set in a nightclub and follows the relationships of four couples--by citing writers like Tolstoy and Balzac (she's been devouring both lately) as well as the Ernest Borgnine movie Marty (which provides the model for one of the couples). Ordinary theatergoers are likely to catch...

Author: /time Magazine | Title: Sinatra on Stage: Come Fly With Twyla Tharp | 3/29/2010 | See Source »

...plan for negotiations with Graham in which the White House would seek to try KSM in a military tribunal in exchange for winning Graham's support for a new U.S. detention facility to replace the controversial military facility at Guantánamo Bay. Obama expressed skepticism about Emanuel's approach, sources at the meeting tell TIME, but approved the talks with Graham anyway. The hunt for a back door had begun...

Author: /time Magazine | Title: Eric Holder's Trials and Tribulations | 3/29/2010 | See Source »

...emergency economic situation," Senator Dick Durbin of Illinois, the No. 2 Senate Democrat, told reporters Thursday evening. "The Republicans do not accept that they want to cut off unemployment benefits or pay for it using stimulus funds which are being used to create jobs. It's a very shortsighted approach...

Author: /time Magazine | Title: Senate Republicans Want Another Benefits Filibuster? | 3/26/2010 | See Source »

...different room in the White House with his advisers for another hour and a half before holding a second half-hour meeting with the President at the Israelis' request. But even that failed to bridge the gap between the two sides over what would constitute an acceptable approach to restarting the peace process, and the Israeli leader remained in Washington Wednesday as aides from both sides worked on the issue. The Administration clearly fears that the hard-line position staked out by Netanyahu on Jerusalem jeopardizes any prospect of getting the Palestinians or the wider Arab world to engage with...

Author: /time Magazine | Title: Netanyahu Heads Home, Still at Odds with the U.S. | 3/25/2010 | See Source »

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