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...other side of the Atlantic, European Union governments have spurned entreaties to let funds flow into their staggering economies. "Europe has done what it needed to do," says Luxembourg Prime Minister Jean-Claude Juncker, who is also chairman of the 16-member euro zone, adding that the U.S.'s appeals "were not to our liking...

Author: /time Magazine | Title: Europe's Economic-Stimulus Message: Enough Already! | 3/13/2009 | See Source »

...added, "You can't expect people to unite behind you if you're trying to jam a whole bunch of things down their throat." The oracle's verdict was quickly endorsed by Jack Welch and Andrew Grove, retired CEOs of General Electric and Intel, respectively. And from Federal Reserve Chairman Ben Bernanke came this measured nudge: "Until we stabilize the financial system, a sustainable economic recovery will remain out of reach." (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Obama's Reform Agenda: Is He Trying to Do Too Much? | 3/13/2009 | See Source »

...count on a swift rebound once a recovery is in progress. Americans are starting to save more, and they may not return to their free-spending ways for years. "There is good reason to believe the capitulation of the American consumer has only just begun," said economist Stephen Roach, chairman of Morgan Stanley Asia. Ajay Chhibber, director of the Asia bureau at the United Nations Development Program in New York City, says the tigers can't expect to weather this recession by temporarily increasing government spending to boost growth until Western export markets recover. "The model where you stimulate...

Author: /time Magazine | Title: The Tiger Trap | 3/12/2009 | See Source »

Former House Speaker Gingrich is chairman of American Solutions for Winning the Future...

Author: /time Magazine | Title: The Trouble with Obama's New Deal | 3/12/2009 | See Source »

...politician himself, like so many other Japanese leaders (including that other maverick, Koizumi) he entered the Diet when he was just 27. Michael Green, chairman of Japan research at the Center for Strategic and International Studies in Washington, who knew Ozawa more than 20 years ago, remembers him back then as a traditional politician "focused on bringing home the bacon" to his constituency in Iwate prefecture in northeastern Honshu. His mentors include both Kakuei Tanaka, Prime Minister from 1972 to 1974, who treated Ozawa like a son and arranged his marriage, and Shin Kanemaru, who served as Deputy Prime Minister...

Author: /time Magazine | Title: Ozawa: The Man Who Wants to Save Japan | 3/12/2009 | See Source »

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