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...begins to turn around is not when joblessness hits its peak. This inflection comes when the rate of the increase in firings begins to slow. The most important moment in a downturn comes not when the damaging contraction's momentum has come to rest but when its progress has begun to slow. (See pictures of former Fed Chairman Alan Greenspan...

Author: /time Magazine | Title: Why March Will Be the Recession's Tipping Point | 2/20/2009 | See Source »

...stimulus bill. They were prepared to swim even deeper into the red next year, expanding Obama's initiatives on renewable energy and high-speed rail lines and raising the deficit to 10% of gross domestic product, the highest figure since World War II. But assuming the economy has begun to turn around, the two-year spending splurge would be followed by a steady return to fiscal sanity: Obama wanted to bring the deficit down to 3% of GDP--still a whopping $546 billion...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

...countdown has already begun, and, according to one administrator, the plan’s progress has been moving at an alarming rate since the University’s announcement of the plan last Tuesday...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Harvard Staff Wrestle With Buyouts | 2/19/2009 | See Source »

...stamp on the U.S.-led war in Afghanistan, but a commander-in-chief doesn't always have the luxury of choice. As a senator, Obama had criticized the "surge" of nearly 30,000 additional U.S. troops into Iraq two years ago. Now, as commander in chief, he has begun ordering what may turn out to be a similar increase into Afghanistan. Of course, he had maintained on the campaign trail that Afghanistan, not Iraq, was the "right" place to wage war on terror, but his strategy review reflects the fact that many have begun to question the goals and focus...

Author: /time Magazine | Title: Obama's Yes-We-Can War: More Troops to Afghanistan | 2/18/2009 | See Source »

...veneer of official disapproval, several take a live-and-let-live attitude toward the Jewish state. In particular, Gulf countries such as the Emirates have tried to balance their allegiance to the Arab cause with developing themselves as modern, global centers for trade and tourism. Indeed, recently they've begun to allow Israelis to participate in sporting events on their soil. Last year, Peer, currently the 48th-ranked professional woman player in the world, competed in Doha, Qatar, becoming the first Israeli to be part of an officially sanctioned tennis tournament in the Arabian peninsula...

Author: /time Magazine | Title: Tennis Diplomacy in the Gulf: No Love Match | 2/18/2009 | See Source »

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