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...expected from Greece: it must reduce its budget deficit (which now exceeds 12.7% of GDP) in an "effective and determined manner." Athens now faces stringent oversight as it attempts to balance its finances: after years of receiving dodgy statistics from the Greek authorities, the E.U. is insisting on a direct role in monitoring the nation's recovery plan. And next week, E.U. finance ministers are expected to formally demand the steps Greece needs to take to reduce its deficit by 4% this year. (See more about the E.U.'s bailout of Greece...

Author: /time Magazine | Title: E.U. Comes to Greece's Rescue, with Strings | 2/11/2010 | See Source »

...their voracious eating habits weren't enough, silver carp pose a direct threat to boaters. When startled, the fish launch themselves out of the water, turning into 40-lb. (18 kg) projectiles that could easily smash an unwary fisherman's nose. It's enough to turn a fishing trip into something worthy of the X Games, which may be fine for the extreme-angling participants of the wild Redneck Fishing Tournament in Illinois, where silver carp are the target and black eyes sustained from flying fish are a badge of honor. But your average day-tripping sportsman on Lake Michigan...

Author: /time Magazine | Title: Asian Carp in the Great Lakes? This Means War! | 2/9/2010 | See Source »

That's what makes them so dangerous to the lakes. Asian carp aren't direct predators, but they eat plankton, which knocks out the bottom layers of the food chain. If they were to successfully establish themselves in the Great Lakes and start breeding, they could utterly disrupt the existing ecosystem, potentially starving out the trout and other native fish that make the Great Lakes a tourism hot spot. (See 10 species nearing extinction...

Author: /time Magazine | Title: Asian Carp in the Great Lakes? This Means War! | 2/9/2010 | See Source »

...very direct and honest about what I hear and, at the same time, encouraging. It takes a lot of courage to get up and sing in a master class because you’re basically allowing yourself to be publicly criticized. I want people to feel comfortable, I want to be helpful without getting people too confused...

Author: By Michael A. Yashinsky, CONTRIBUTING WRITER | Title: SPOTLIGHT: Renée Fleming | 2/9/2010 | See Source »

...meanwhile, has been a source of billions of dollars in direct investment in China, from thousands of American companies big and small. While it's true that China doesn't need any one of these companies as much as each one needs China, China needs all of them and depends on them for everything from brand-name goods to know-how and capital. Beijing can't just snap its fingers and go it alone; its domestic economy is far too entwined with that of the U.S., its companies, its capital and its consumers...

Author: /time Magazine | Title: U.S.-China Friction: Why Neither Side Can Afford a Split | 2/8/2010 | See Source »

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