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...Contrast China's economic rescue effort with the stimulus package recently signed into law by President Barack Obama. In the U.S., despite all the talk about shovel-ready construction projects, only about $100 billion of the $787 billion in stimulus spending will go toward new infrastructure this year. Another $282 billion goes to tax cuts or rebates, much of which, as economist Nouriel Roubini argues, will most likely be saved, not spent. A big chunk of the rest of the package will go, via the states, toward social services: increased unemployment benefits, more money for food stamps and for health...

Author: /time Magazine | Title: Should China and the U.S. Swap Stimulus Packages? | 3/5/2009 | See Source »

...narrow, one-sided approach that focuses almost exclusively on free trade and the drug war." Like most Latin leaders, Lula wants Obama to lift the U.S. trade embargo against Cuba. And he is keen (he may be disappointed) to see the U.S. throw its weight behind a last effort to save the Doha round of world trade talks, which could offer farm-export nations such as Brazil new opportunities...

Author: /time Magazine | Title: The One Country That Might Avoid Recession Is... | 3/5/2009 | See Source »

...country, it is painfully clear that we tend to set aside the moral and ethical breaches in our history. The Truth and Reconciliation Commission set up in South Africa in the aftermath of apartheid was designed to encourage a national catharsis of a shameful past. Most agree that the effort was worthwhile. Some would say there can be no forgiveness without repentance. The Bush-Cheney Administration was arrogant to the very end. Perhaps it is time to establish our own version of a Truth and Reconciliation Commission so that we can truly move on. G. Patrick Thompson, ROSEVILLE, MICH...

Author: /time Magazine | Title: Inbox | 3/5/2009 | See Source »

...make a deliberate effort to transcend race in your political career? Fatima Syed, RICHMOND...

Author: /time Magazine | Title: 10 Questions for Bobby Jindal | 3/5/2009 | See Source »

...effort to attract more students and reduce the twelve pages its requirements fill in the student handbook, the Classics department unanimously approved a final draft of a new, more flexible curriculum on Tuesday afternoon, according to the department’s director of undergraduate studies, Mark J. Schiefsky. The new set of requirements no longer includes the department’s unique general exams or its decades-old mandatory reading list, although they remain popular with many students. Its seven tracks of study are being reduced to two—Classical Civilizations and Classical Languages and Literatures. The latter track...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: Classics Adopts Reform | 3/5/2009 | See Source »

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