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...haphazard exit from stimulus measures, with countries going their separate ways, could pose its own set of problems. In this era of globalization what one government does in one corner of the world can have a knock-off effect on economies in another corner. For example, countries that raise interest rates ahead of others could end up attracting money from foreign investors seeking a higher return, potentially draining funds away from economies that are still badly in need of investment. Or if too many governments turn off the stimulus tap too quickly, global demand could fall sharply. "An unruly rush...

Author: /time Magazine | Title: Can the World Agree on a Stimulus Exit Plan? | 10/22/2009 | See Source »

...other creative types portrayed here), a life in the arts has psychic costs. Often it's the next generation that pays. Eventually the children, in particular Olive's daughter Dorothy, eclipse their parents in both the plot and our sympathies. This makes sense in a novel about a transitional era, but it also makes for a disorienting reading experience. For several hundred pages, it's hard to know which characters most deserve our attention...

Author: /time Magazine | Title: Mother Grimm: A.S. Byatt's Latest Novel | 10/19/2009 | See Source »

Guests’ attire helped recall an earlier era of Quincy’s history. Dressed in a style particular to the 1950s, men in attendance wore jackets, and women were clad in dresses, dancing in the dimly-lit dining hall...

Author: By Bita M. Assad and Ahmed N. Mabruk, CRIMSON STAFF WRITERS | Title: Quincy Gathers For 50th Birthday | 10/19/2009 | See Source »

...fetched, Iran is basing its accusation on the covert program begun by the Bush Administration during its second term in office that allocated hundreds of millions of dollars to efforts at destabilizing the regime from inside Iran. And while President Obama came into office promising a new era of engagment with Iran, it's not clear whether the covert program was ever suspended. Former Bush National Security Council officials Flynt Leverett and Hilary Mann Leverett wrote recently in the New York Times of their conversations with Iranian leaders, saying "President Obama has had several opportunities to send ... signals [of good...

Author: /time Magazine | Title: Why a Bombing in Iran Could Be Bad News for Obama | 10/19/2009 | See Source »

Mark Weisbrot, co-director of the Center for Economic and Policy Research, a liberal Washington think tank, says backing away from restoring Zelaya "sends an ugly signal that the U.S. doesn't really consider the era of using military coups in the region to be over." He adds it would fuel charges that Obama has been cowed by a small group of conservative Republican Cold Warriors in Congress. Led by South Carolina Senator Jim DeMint, they recently journeyed to Honduras to show their support for Micheletti and are holding up diplomatic appointments to protest Obama's opposition to the coup...

Author: /time Magazine | Title: Is U.S. Opposition to the Honduran Coup Lessening? | 10/16/2009 | See Source »

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