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...certain extent, mounting sovereign debt is a natural outcome of the recent recession. As in any downturn, tax revenues shrank but government spending increased to stimulate sagging economies. The result: budget deficits and more borrowing. Expensive banking-sector bailouts made the burden even heavier. That's not automatically dangerous. There is no particular level of debt that acts as a trip wire and tosses an economy into crisis. Different economies can bear different levels of government debt, depending on their ability - real or perceived - to finance it. While Greece's small and uncompetitive economy is struggling to stay afloat, Japan...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...certain amount of trust in government is necessary to try to solve difficult problems--and difficult problems are pretty much what we'll be looking at for the foreseeable future: the national debt; the rising costs of Social Security, Medicare and Medicaid; the wars in Afghanistan and Iraq. The ability to solve these problems means asking people to make a sacrifice, which requires a spirit of compromise and bipartisanship. Only then will trust in government begin to rise, and only then will voters begin to respond. What I can't agree with is the notion, expressed by the Tea Partyers...

Author: /time Magazine | Title: Our Broken Government | 3/1/2010 | See Source »

...Cultural messages that get into your nervous system are very common and make you behave certain ways," says neuroscientist Read Montague of Baylor College of Medicine. Advertisers who fail to understand that pay a price. Lindstrom admits to being mystified by TV ads that give viewers close-up food-porn shots of meat on a grill but accompany that with generic jangly guitar music. One of his earlier brain studies showed that numerous regions, including the insula and orbital frontal cortex, jump into action when such discordance occurs, trying to make sense...

Author: /time Magazine | Title: Neural Advertising: The Sounds We Can't Resist | 3/1/2010 | See Source »

Operation Green Hunt is what the Indian government calls it: a codename for a massive operation to counter the menace of left-wing activity in certain parts of India. It is a name that combines hints of green—which evokes the verdant forests that will be the theater of action—with the malevolence of a hunt. This left-wing “extremism” is interchangeably called Naxalism and Maoism. Naxalism, for an insurrection that erupted in a village called Naxalbari in northeastern India in 1967. Maoism, for the guiding philosophies of the principal actor...

Author: By Umang Kumar | Title: Crimson in the Green Hunt | 3/1/2010 | See Source »

...part of their efforts to oust the elected Thaksin-allied government, which they believed was preparing to dismiss all the cases against him, paving the way for his return to power. That seems ever more unlikely after Friday's court decision, although both Thaksin and his supporters are certain to continue to fight for his eventual return...

Author: /time Magazine | Title: Thailand's Ousted Leader: A Billionaire No More | 2/26/2010 | See Source »

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