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One of the reasons that the drop in economic activity has accelerated is that there is no mechanism in place to cope with a failure of this magnitude. The world in which The Great Depression played itself out predated the globalization of credit and economic interdependence. Even the worst of...

Author: /time Magazine | Title: The Financial Crisis: The World At War | 3/3/2009 | See Source »

It also creates a less stressful environment and protects against child abuse and neglect, and those reductions can in turn cut children's risks of later engaging in crime and suffering from addiction, mental illness, obesity and cardiovascular disease. The key, according to Olds' research, begins with properly trained nurses...

Author: /time Magazine | Title: Nurse Home Visits: A Boost for Low-Income Parents | 3/2/2009 | See Source »

Will Clinton and special envoy George Mitchell have a more difficult challenge as mediators if hard-line Likud leader Benjamin Netanyahu is Prime Minister? Historically, it has been more challenging for American Administrations to deal with Likud-led governments in Israel. But I never believed that, on issues that are...

Author: /time Magazine | Title: What the Middle East Needs from Hillary Clinton | 3/2/2009 | See Source »

On the environment, Obama’s cap-and-trade proposal is a market-friendly, politically palatable way to reduce carbon emissions. This solution will establish a finite number of pollution permits—and thus a finite cap on pollution—that companies would be required to buy...

Author: By The Crimson Staff | Title: A Budget to End All Budgets | 3/1/2009 | See Source »

When George Balanchine’s “Jewels” first premiered at New York City Ballet in 1967 it was one of his boldest experiments yet—a full-length ballet without a narrative. The Boston Ballet is bringing the performance to life again, articulating every...

Author: By Catherine A Morris, CONTRIBUTING WRITER | Title: Boston Ballet Dances 'Jewels' | 3/1/2009 | See Source »

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