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...rode into office on a platform of deficit reduction - initially hedged his bets, taking stabs at public-works projects and farm subsidies while also rolling out balanced-budget initiatives. When a British economist visited the White House in 1934 saying deficit spending was the best engine to boost consumer demand and create jobs, Roosevelt balked. (Two years later, the economist - John Maynard Keynes - published that advice in his seminal work, The General Theory of Employment, Interest and Money, which revolutionized economic thought by debunking the widely held belief that the market naturally tends toward full employment.) (See what Obama...

Author: /time Magazine | Title: Unemployment | 11/24/2009 | See Source »

...which was far less cumbersome and hazardous than a stovetop griddle. But for the harried homemaker, the newfangled appliance still wasn't easy enough. Enter the Dorsa brothers, Frank, Tony and Sam, who in the mid-1930s created a dry waffle batter that only needed one ingredient: milk. When demand spread beyond their hometown of San Jose, Calif., Frank invented a carousel-like contraption that could churn out thousands of waffles in an hour, which could then be frozen and shipped. Kellogg bought the company in 1970 and introduced the catchy slogan "Leggo My Eggo" in 1972 - the same year...

Author: /time Magazine | Title: Waffles | 11/23/2009 | See Source »

...responsibility for cleaning up the dark corners of Indian life lies not only with the police. Citizens, too, have to demand a better system. Behera says that Indians use elections to throw out politicians perceived as corrupt, but so far, "there is no great social movement against corruption." That could change. India's 2005 Right to Information Act has emboldened some of its citizens to question once-omniscient bureaucrats, but the progress of reform is slow. A judgment on the Mumbai attacks may be handed down in a matter of months; India's verdict on itself will take much longer...

Author: /time Magazine | Title: India Still a Soft Terror Target a Year After Mumbai | 11/23/2009 | See Source »

...least subject to rational argument; fear of failure is harder to hose down. What could be more natural than worrying that your child might be trampled by the great, scary, globally competitive world into which she will one day be launched? It is this fear that inspires parents to demand homework in preschool, produce the snazzy bilingual campaign video for the third-grader's race for class rep, continue to provide the morning wake-up call long after he's headed off to college...

Author: /time Magazine | Title: The Growing Backlash Against Overparenting | 11/20/2009 | See Source »

...means more than just courteous gestures. At almost every stage, Obama has tried to avoid blunt confrontation in favor of something more cooperative. He stopped short of offering an unabashed defense of human rights the way Hillary Clinton did on her 1995 visit to China or a hard-line demand for democracy the way former Vice President Dick Cheney did in Lithuania in 2006. Instead, he has sought at every meeting to focus on common ground, hoping for what he once described as a clearing away of "old preconceptions or ideological dogmas" so that nations will be more likely...

Author: /time Magazine | Title: Obama's Asia Trip: The Deference Debate | 11/19/2009 | See Source »

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