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...which is perhaps the weakest link in the European Union, was first to hit the wall on news that its deficit has ballooned to nearly 13% of GDP. Then last week, worry about debt default spread from Greece to Spain, Portugal and Ireland, where spending is similarly out of control. (See the best business deals...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

...better budgeting predictability but will be slightly more expensive than the tuition waiver program suspended early last year, Shabecoff said. The cost of the former program fluctuated depending on student interest, as there were no limits on enrollment. And given the difficult economic climate, the Law School needed to control its budget more vigilantly...

Author: By Elias J. Groll and Zoe A.Y. Weinberg, CRIMSON STAFF WRITERS | Title: Harvard Law School Replaces Suspended Public Service Initiative | 2/10/2010 | See Source »

Clark and her researchers speculate that the effects of political violence—which include injury, post-traumatic syndrome, constraints on mobility, and economic strain—prompt men to violently reassert their position of power in the only situation that remains under their control: the domestic sphere...

Author: By Juliana L. Stone, CONTRIBUTING WRITER | Title: War Zone Life Breeds Violence | 2/10/2010 | See Source »

...should take the lead. Some investors think any bailout should be the responsibility of the International Monetary Fund, not other E.U. countries. "A large-scale bailout would make taxpayers across Europe liable, either directly or indirectly, for the mistakes of a government over which they have no democratic control. Such a policy simply isn't reasonable and lacks public support," says Pieter Cleppe, head of the Brussels office of Open Europe, a think tank that opposes greater centralization of power in the E.U. Indeed, the IMF has already given millions in bailout money to E.U. countries like Hungary and Latvia...

Author: /time Magazine | Title: Europe Talks Bailout Plan For Greece — and the Euro | 2/10/2010 | See Source »

...Bravo Company's primary tasks was to man traffic control points (TCPs) on one of the main roads in the area. This was a particularly loathed assignment, since the TCPs were remote and dangerously underfortified. At the beginning of March, Bravo Company's 1st Platoon began a rotation out at the TCPs that would ultimately last 21 days, two weeks longer than the usual rotation. Specialist Paul Cortez was put in charge of TCP2. The spiral of poor discipline, substance abuse, brutality and lack of senior oversight that began months ago was continuing unabated. By March 12, the small group...

Author: /time Magazine | Title: Book Excerpt: Anatomy of an Iraq War Crime | 2/9/2010 | See Source »

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