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The current contract was struck decades ago, when the country needed to rebuild its industrial capacity after World War II. The challenge then was to ensure producers could produce. Political and business leaders resorted to guaranteed job security and total employment as the primary forms of welfare, while workers were...

Author: /time Magazine | Title: A New Deal | 8/31/2009 | See Source »

Listening to Grasshoppers is powered by a thorough critique of Indian democracy. Free elections, she writes, have failed to challenge the rich and powerful. "The hoary institutions of Indian democracy - the judiciary, the police, the 'free' press and, of course, elections - far from working as a system of checks and...

Author: /time Magazine | Title: Torch Songs | 8/31/2009 | See Source »

American politicians have a tendency to attach too much hope to elections as a salvation for long-oppressed peoples. But we've learned in Iraq that a vote can't deliver citizens from harm if it doesn't also deliver good government. Getting the winners of Afghanistan's election to...

Author: /time Magazine | Title: The Moment | 8/31/2009 | See Source »

Figuring out how to balance the proper ongoing motivation of some of the nation's best and brightest people with the still simmering public anger toward Wall Street - and, at the moment, toward Goldman Sachs in particular - may be Blankfein's biggest management challenge yet. And he knows it. "Everybody...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

My main challenge in setting up the panel will be getting the public to accept that there's a limited amount of health care to ration. To figure out my marketing plan, I called an Eskimo, since everyone thinks Eskimo are adorable despite the fact that they sent old people...

Author: /time Magazine | Title: Joel Stein: If I Ran the Death Panels | 8/31/2009 | See Source »

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