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...debt are small, if the recession drags on the odds that the government will have trouble raising money to finance the deficit will rise. To keep its credit rating, the American government will be faced with curtailing many of its stimulus programs or sharply raising the tax burden. Either action could slow any recovery making a burgeoning deficit a "Catch 22″ in which no alternative is acceptable...

Author: /time Magazine | Title: U.K. Debt Moves Sovereign Borrowing Issue Closer To U.S. | 5/21/2009 | See Source »

...walk that line for them? It's different for you as an adult, but for your girls, they could be the ultimate role models too, which would be an enormous burden to ... except it sort of comes with the fact that they are the most ... they are the children in the world that people are most interested in. So how do you help them walk the line of normal vs. the position they're in? We stay 100% in their world all the time. And I don't know if you understand that, but their lives are very disconnected from...

Author: /time Magazine | Title: Interview with the First Lady | 5/21/2009 | See Source »

Meanwhile, Iran has become the main entrepot for opium-based drugs produced in Afghanistan. The U.N. Office of Drugs and Crime estimates it is home to 1.7 million opiate addicts, a burden that Iran and the West have a mutual incentive in combating. As part of the new tone from Washington, President Obama's Afghan strategy calls for a regional approach to secure Afghanistan, one that would be disadvantaged by Iranian non-participation. NATO partners are pushing for direct engagement with Tehran, possibly through a "contact group...

Author: /time Magazine | Title: Iran's Spending Spree in Afghanistan | 5/20/2009 | See Source »

...recent Town Hall meeting hosted by the Undergraduate Council, FAS Dean Michael D. Smith responded noncommittally to a student’s suggestion that administrators take salary cuts in the spirit of shouldering the burden of deep cutbacks across the University. The Faculty will need to close a $220 million deficit over the next two years, Smith said, but the range of budget cuts announced last week only account for $77 million in savings...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Admins Stay Mum on Salaries | 5/18/2009 | See Source »

Other College student-run newspapers, magazines, and literary journals are similarly feeling the effects of the financial crisis and are adopting new business models to offset the burden of the recession...

Author: By Brian Mejia and Beverly E. Pozuelos, CRIMSON STAFF WRITERSS | Title: Student Periodicals Cope With Downturn | 5/18/2009 | See Source »

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