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...rather than stash their money in safe-deposit boxes. While domestic demand remains sluggish, government spending has to take up the slack and keep at it. In Japan, a recovery was aborted in the late 1990s when, at the first sight of green shoots, the government raised taxes. President Barack Obama is committed to reducing this year's federal budget deficit of $1.3 trillion by half in four years. That's a laudable goal - as long as private-sector demand has picked up by then...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

...approval of the new concentration comes on the heels of the recent passage of President Barack Obama’s $787 billion stimulus package—a boon for stem cell researchers who are now eligible for some of the $10.4 billion earmarked for the National Institutes of Health, typically a generous source of federal funding for biomedical researchers at Harvard...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: FAS Approves New Life Sciences Concentration | 3/11/2009 | See Source »

...Which is probably why President Barack Obama has gone out of his way to court these moderates, whose votes he desperately needs to pass the biggest bill yet: his $3.6 trillion 2010 budget resolution. Ever since the President laid out the broad outlines of his ambitious budget, moderate Democrats like Indiana Senator Evan Bayh and Tennessee Representative Jim Cooper have been struggling with how to embrace such a large budget on top of all the money that has already been spent; those who are up for re-election next year may be particularly inclined to vote against the budget because...

Author: /time Magazine | Title: Can Obama Keep Moderate Dems in Line on His Budget? | 3/11/2009 | See Source »

President Barack Obama's aides Rahm Emanuel and Robert Gibbs knew what they were doing when they declared Rush Limbaugh the leader of the Republican opposition. They were putting Republican politicians in a trap. Repudiating Limbaugh would mean alienating millions of conservatives and declaring Limbaugh's plainspoken conservatism - which many of those politicians share - outside the lines of the national debate. But neither could Republicans allow the insinuation that they take orders from a radio-host stand. If voters got that impression, they would look weak. Worse, the polls show more people dislike Limbaugh than like...

Author: /time Magazine | Title: Why Rush Limbaugh Is Good for the Republicans | 3/11/2009 | See Source »

...When Barack Obama was elected President of the United States, villagers in a remote Turkish province made headlines by sacrificing 44 sheep to celebrate his victory. Those villagers will feel their celebration was vindicated by Washington's announcement that Obama will travel to Turkey next month - an event being hailed here as proof of Turkey's elevated strategic role in the foreign policy of the new Administration...

Author: /time Magazine | Title: Turkey Sees a Greater Role in Obama's Foreign Policy | 3/11/2009 | See Source »

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