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...Road Runner cartoons, after each fall, the coyote is broken and battered but never dies. America isn't going to expire either. But unlike him, we will be chastened and begin behaving more wisely. For years, enthusiasts for unfettered capitalism have insisted that the withering away of enterprises and entire industries is a healthy and necessary part of a vibrant, self-correcting economic system; now, more than at any time since Joseph Schumpeter popularized the idea of creative destruction in 1942, we must endure the shocking and awesome pain of that metamorphosis. After decades of talking the talk...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

This time around, though, in contrast to the early '80s, it's much clearer from the get-go that one era has ended and a new one is about to begin. A lot of the change will be the result of collective political choices, as we clear away the wreckage, consider the bad habits and ill-advised schemes that got us here and try to refashion our economic and health-care and energy systems accordingly. But at least as much of the new America of the 2010s and beyond will be the result of transformed sensibility, changes in our understanding...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...Begin Again The reset button has been pushed. So what will be the protocols and look and feel of the America about to emerge...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...though a cast of gang members who didn't look like they stepped out of a Chorus Line audition might help). But I do want a love story with at least a hint of conviction, plausibility or sexual heat. The attraction of Maria and Tony is barely motivated to begin with; with two charisma-deficient stars in the roles, it left me cold...

Author: /time Magazine | Title: Is West Side Story Overrated? | 3/25/2009 | See Source »

...stake is the control of disputed territories. Kurds say they are reclaiming areas like the oil-rich city of Kirkuk that was theirs until Saddam Hussein forcibly removed them from it. Arabs say the land wasn't Kurdish to begin with. In the meantime, Kurdish peshmerga militia forces, which operate independently of Baghdad and answer to Kurdistan's regional government, have steadily pushed south of their United Nations-delineated border into contested zones...

Author: /time Magazine | Title: Arab-Kurd Tensions Could Threaten Iraq's Peace | 3/24/2009 | See Source »

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