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...finding it easier to make campaign promises than to keep them. Less than two months after taking over, Hatoyama's administration is being forced into a difficult balancing act between the need to prevent a double-dip recession and the desire to keep Japan's budget deficit from spinning out of control. The recession is knocking tax revenues so far below expectations that the deficit will rise to $548 billion this year, an enormous 10% of GDP. Yet, despite Hatoyama's instructions to keep next year's spending no higher than this year's initial budget of $970 billion...

Author: /time Magazine | Title: Hatoyama's Challenge in Japan | 11/9/2009 | See Source »

...laws will also apply, with various alterations and restrictions, to products such as cheese and chocolate (but not, thankfully, to children). Enforcing them could be problematic, since identifying "Swiss-ness" is sometimes not as easy at it seems. Just ask McDonald's. Its campaign to assure customers that its ingredients are 100% "aus der Schweiz" took a knock last July when it emerged that the cow used in a poster was in fact Austrian. But then cows aren't the only Swiss animals having an identity crisis. (Read: "Supersizing Europe: The McDonald's Stimulus Plan...

Author: /time Magazine | Title: Identity Crisis for the Swiss | 11/9/2009 | See Source »

...century. In today's Congress, the propriety of a gentleman and $5 will get you lots of committee work and a ham sandwich. Embrace the new media landscape, however, and you can break out in the national media fun house as an Internet and cable-news populist. Fame and campaign cash await...

Author: /time Magazine | Title: Welcome to the Fun House | 11/9/2009 | See Source »

...Arshile (Russian for Achilles) Gorky (in homage to the Russian writer Maxim Gorky). He may not have known that gorky means bitter in Russian, but he was certainly acquainted with bitterness. He had arrived in New York City in 1920 as an 18-year-old refugee from the Turkish campaign of atrocities against Armenians. One year earlier, his mother had died of starvation in his arms. In adulthood, from 1926 to 1942, he obsessively reworked two haunting double portraits that showed them side by side - he the tentative 10-year-old; she an impassive totem, forever out of reach beneath...

Author: /time Magazine | Title: Arshile Gorky: The Shape Shifter | 11/9/2009 | See Source »

...United States Conference of Catholic Bishops was responsible for Obama's victory because it overwhelmingly approved a document suggesting that Catholics could consider issues besides abortion when deciding how to vote. The conference's in-house news service, he added, failed to highlight Obama's moral failings in its campaign coverage. And he called Health and Human Services Secretary Kathleen Sebelius, a pro-choice Catholic, a "source of deepest embarrassment to Catholics." (See the top 10 unfortunate political one-liners...

Author: /time Magazine | Title: Priests Spar Over What It Means to Be Catholic | 11/8/2009 | See Source »

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