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Greece announced additional tax hikes and further salary cuts for government workers on March 3 in the hope of addressing its 13% budget deficit. The measures, estimated to generate $6.6 billion in savings this year, paved the way for assistance from the European Union, which had pressed the country to...

Author: /time Magazine | Title: The World | 3/15/2010 | See Source »

I respect anyone who peacefully voices discontent, but I can't help but wonder: Where was the concern from these vocal Tea Partyers a few years ago? Our economy is a shambles because of the Bush Administration, yet people congregate to retaliate against President Obama, who has actively tried to...

Author: /time Magazine | Title: Inbox | 3/15/2010 | See Source »

The Soul of the New Machine Back when Obama was still just a Chicago pol, few would have mistaken him for the leader who would help give birth to a new clean-energy economy. In the late 1990s, the future President described himself as a "strong supporter" of downstate coal...

Author: /time Magazine | Title: How Fundraising Helped Shape Obama's Green Agenda | 3/15/2010 | See Source »

The Secret of Kells, an Oscar nominee for Best Animated Feature, tells the story of medieval monks who painstakingly create and shelter an illuminated manuscript in the face of invading barbarian hordes. It has a delicate visual charm; a mystical, meandering story; and no zingers. In other words, it's...

Author: /time Magazine | Title: Sundance for Squirts | 3/15/2010 | See Source »

The concern, of course, is that one day rates will inevitably go up, which means interest payments will too. According to this school of thought, as our debt grows, lenders will be willing to take the risk of giving more money only if they can get more in return. And...

Author: /time Magazine | Title: Is There Too Much Worry About the Debt? | 3/15/2010 | See Source »

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