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In China, meanwhile, it is fashionable to blame U.S. trade deficits on the debt-addicted ways of American citizens and their government. There's an element of truth to this too. If the U.S. borrowed and spent less, its trade imbalances would be smaller. But China has been enabling this...

Author: /time Magazine | Title: U.S.-China Trade: Prepare for Continued Imbalance | 11/17/2009 | See Source »

But if Build America Bonds have proved popular, they may also end up being costly. Already, the volume of bonds issued means the federal government is committed to spending a billion dollars in the first year of the program alone. The final price tag may end up reaching $90 billion...

Author: /time Magazine | Title: A Stimulus Success: Build America Bonds Are Working | 11/17/2009 | See Source »

Pacquiao has a myth of origin equal to that of any Greek or Roman hero. Aban-doned by his father and brought up by a tough-as-nails mother, the poor boy who loves to box is rejected by a local squad but then journeys many islands away, to the...

Author: /time Magazine | Title: The Meaning and Mythos of Manny Pacquiao | 11/16/2009 | See Source »

Indeed, up until the last week before the House vote on health reform, both Pelosi and Stupak thought they each had the votes to get their way on abortion. As a result, when Indiana Congressman Brad Ellsworth, a pro-life Democrat, tried to draft an amendment tightening the Capps language...

Author: /time Magazine | Title: Can Dems Resolve Their Abortion Split? | 11/16/2009 | See Source »

Honest Confusion At least on the level of rhetoric, all the politicians and outside groups that have weighed in on health reform seem to agree: taxpayers shouldn't pay to fund abortion. "No federal dollars will be used to fund abortions," said Barack Obama in his speech to Congress on...

Author: /time Magazine | Title: Can Dems Resolve Their Abortion Split? | 11/16/2009 | See Source »

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