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Still, Greeks are bracing for the coming pain. With the economy already in recession, firms are trying to figure out how to survive until the crunch is over. Projects have been put on hold and credit is tight. Many are likely to lose their jobs, while budget cuts and tax...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

To make a real break with the past, the Greek state must also go global, say business executives and business analysts. Athens needs to lure foreign investors aggressively, which means offering everything from tax breaks to helping investors navigate the bureaucracy associated with setting up shop. "We must transform Greece...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

In 1999 I watched a disaster unfold on the evening news. As aid workers threw loaves of bread on the ground and people scrambled after them, I asked my wife, "Why can't they hand the bread to those people? They've lost everything. Why should they lose their self...

Author: /time Magazine | Title: How ShelterBox Helps Haiti Earthquake Victims | 2/15/2010 | See Source »

Giving gifts on Facebook is nothing new: since 2007, analysts estimate that users have spent more than $50 million to send virtual presents that are basically online stickers to put on profile pages. Facebook has developed its own currency, worth 10¢ per unit, and plans to take a cut as...

Author: /time Magazine | Title: Gift Giving on Facebook Gets Real | 2/15/2010 | See Source »

Almost at once they moved in together in a tiny Brooklyn apartment, where they worked on their art in penniless contentment. "We hadn't much money but we were happy," she writes. (Reader, beware--Smith has a weakness for mannered prose.) But poverty is easier to bear when you see...

Author: /time Magazine | Title: Patti Smith and Mapplethorpe: Bohemian Rhapsody | 2/15/2010 | See Source »

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