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...reality was more complicated. Greece now had a solid currency--but it wasn't Greece's currency. The euro was managed by monetary wonks at the European Central Bank in Frankfurt for whom the Greek economy was but a blip. And the decision makers in Athens with responsibility for fiscal policy continued to blunder. The country kept running big deficits in the boom years. Then came the Great Recession. Last fall, a new government revealed that the 2009 budget deficit was much higher than previously disclosed--nearly 13% of GDP. Ever since, the world's financial markets have been going...

Author: /time Magazine | Title: Echoes of Greece's Debt Crisis | 2/22/2010 | See Source »

...soon to tell if the increase in 2006 is the beginning of a trend or a blip, but any rise in pregnancy rates among those younger than 20 is a cause for concern - because the statistics surrounding teen mothers are so grim. Two-thirds of single moms are poor. Fewer than half of them finish high school. And only a tiny fraction (2%) of girls who are mothers before their 18th birthday will finish college before their 30th...

Author: /time Magazine | Title: New Data: Teen Pregnancy on the Rise, Abortions Too | 1/26/2010 | See Source »

...backed Woods since his 1996 professional debut and reportedly pays him $30 million per year. "I think he has been really great," Nike chairman Phil Knight told the Sports Business Journal this week. "When his career is over, you'll look back on these indiscretions as a minor blip, but the media is making a big deal out of it right now." Woods' sexcapades and subsequent absence from the Tour might not hurt Nike's $650 million golf business as much as you think. Golf accounts for less than 4% of Nike's revenues. And according to Matt Powell...

Author: /time Magazine | Title: Tiger Woods' Sponsors: Will Any Stick by Him? | 12/16/2009 | See Source »

...with its strongest showing in two years, India posted inspiring 7.9% growth and the results out of tiny Taiwan, one of the economies slammed the hardest by the global recession, were so impressive one economist beamed that the island "got its groove on." Stock markets, aside from a downward blip here and there, have generally been buoyant. During this season of Thanksgiving and holiday cheer, there seems to be good reason to give thanks and be cheerful...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...falls in love with a widow named Olivia (Samantha Morton). Morton is powerful as always but Olivia’s plainness is such that we can never quite understand Montgomery’s intense attraction to her, making that storyline fall a bit flat. But this is a minor blip on the face of a memorable force of a film—one that captures emotion without theatricality, humor without insult, and hardship without self-pity. “The Messenger” delivers not just a war movie, but a moving drama in its own right...

Author: NO WRITER ATTRIBUTED | Title: The Messenger | 11/20/2009 | See Source »

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