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But there is another, even simpler warning for the U.S. economy as we face our own deficit issues. "It's only when the tide goes out that you learn who's been swimming naked," investor Warren Buffett has said. The U.S. has none of the currency difficulties of the PIGS...

Author: /time Magazine | Title: Echoes of Greece's Debt Crisis | 2/22/2010 | See Source »

The Obama Administration has a plan: take the 5,000 worst schools in the U.S. and give them more than $4 billion over three years to get a lot better - fast. It's the emphasis on speed that makes this endeavor something new. The government has thrown big money at...

Author: /time Magazine | Title: A Quick Fix for America's Worst Schools | 2/22/2010 | See Source »

Gone is the watercooler nation that signed on to the Cold War consensus, sent men to the moon and embraced Ike's ambitious interstate highway system. "The occasion is piled high with difficulty," said Abraham Lincoln at a moment of supreme peril to American democracy, "and we must rise with...

Author: /time Magazine | Title: Era of No Consensus | 2/22/2010 | See Source »

The truth probably lies in a mix of these factors, plus one more: the steep rise in the number of Americans in prison. As local, state and federal governments face an era of diminished resources, they will need a better understanding of how and why crime rates tumbled. A sour...

Author: /time Magazine | Title: What's Behind America's Falling Crime Rate | 2/22/2010 | See Source »

With government budgets hammered red by the Great Recession, the high cost and human toll of the lock-'em-up strategy has made it hard to sustain. California lawmakers decided last month to cut the number of state prisoners by 6,500 in the coming year. Other states are already...

Author: /time Magazine | Title: What's Behind America's Falling Crime Rate | 2/22/2010 | See Source »

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