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...precedent for bank nationalization nearly 20 years ago. The first counter to his argument is that it is dark over 20 hours a day in Sweden during the winter which causes a level of depression among the population that may undermine their judgment and views of how dire any economic situation is. If this theory is true, banks in Panama will never face being taken over by the government...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...Fisher, an Australian actress whose breakthrough moment happened around a dinner table with Vince Vaughn in Wedding Crashers, is a nifty performer. Her charms are enough to keep the movie - entering the marketplace just as the country's financial situation becomes truly dire - from being criminally distasteful. She's got that rare gift for making slapstick seem organic. Confessions runs her through the chick-flick moves of endearment (walk into glass, run in high heels, spill food on self and others), but there are a few scenes where she cuts loose and we get to see her Lucille Ball-style...

Author: /time Magazine | Title: Confessions of a Shopaholic: Relic of an Economy Past | 2/12/2009 | See Source »

Things aren't as dire on the American stock-car circuit. But without question, NASCAR, which kicks off its racing season with its most prestigious race, the Daytona 500, on Feb. 15, has stalled. More than any other major pro sport, NASCAR depends on corporate sponsorships to fund its operations. Those logos splashed all over a driver's racing suit aren't just for show. The sponsorship has grown to the point where the more corporatized circuit has alienated a portion of the sport's beer-drinking core. And as these companies pull back on their marketing budgets...

Author: /time Magazine | Title: Daytona Drag: NASCAR Tries to Outrace the Recession | 2/12/2009 | See Source »

Crist, who is also up for re-election next year - but won't comment on whether he's interested in the U.S. Senate seat that Florida Republican Mel Martinez is leaving in 2010 - has retained high approval ratings despite Florida's dire straits. He attributes them largely to the fact that "I don't come down on issues in terms of ideology." But that has put him at odds over the stimulus with most in Florida's GOP congressional delegation, including Martinez, whom Crist has lobbied hard in recent weeks to join the so far struggling bipartisan effort Obama...

Author: /time Magazine | Title: GOP Governors: Split over Obama's Stimulus Plan | 2/10/2009 | See Source »

...districts. When state and municipal budgets cannot sustain our public-school system, it is the obligation of the president and Congress to step in and help, even if that requires President Obama and the Democratic leadership to defy Nelson and Collins’ pressure. The alternative is just too dire...

Author: By The Crimson Staff | Title: A Teachable Moment | 2/8/2009 | See Source »

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