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...fundamental flaw in the argument of those who believe the euro pushed up inflation significantly is that there's almost no supporting evidence. Italy provides a good example because, in 1993, it experienced a sharp deterioration in household income following a massive lira devaluation. Tens of thousands of people lost their jobs, auto and retail sales crashed and there were other sizable - and measurable - effects on the economy as a whole...

Author: /time Magazine | Title: Why What Things Used to Be Ain't What They Used to Be | 2/15/2007 | See Source »

From Day One it has been apparent that President Reagan's decisions, if not his thinking, are based almost totally on his simplistic view of the world rather than on the complex realities that exist. The media have winked at this fundamental flaw, and most Americans have gone along, because they too prefer the simple illusions to the harsh facts. If the press had only held our President's feet to the fires of reality and truth, events would never have descended to their present deplorable level and both the President and the nation would have been spared this ultimate...

Author: /time Magazine | Title: Letters: Dec. 15, 1986 | 1/26/2007 | See Source »

...seconds, according to my clock, but he was speed rapping. Which raises the question of Schweitzer's own presidential ambitions. "Heck, I just got elected in 2004," he told me last summer. "I've got to make this energy thing work in Montana first." In fact, the real flaw in the Rocky Mountain Blue electoral fantasies is that the Democrats' leading candidates, especially the junior Senator from New York, elicit groans in the Rockies. "I just don't get this Obama thing, either," says Orbanek, the Grand Junction newspaper publisher. New Mexico's popular Latino Governor Bill Richardson will probably...

Author: /time Magazine | Title: The Democrats' New Western Stars | 1/19/2007 | See Source »

...seconds, according to my clock, but he was speed rapping. Which raises the question of Schweitzer's own presidential ambitions. "Heck, I just got elected in 2004," he told me last summer. "I've got to make this energy thing work in Montana first." In fact, the real flaw in the Rocky Mountain Blue electoral fantasies is that the Democrats' leading candidates, especially the junior Senator from New York, elicit groans in the Rockies. "I just don't get this Obama thing, either," says Orbanek, the Grand Junction newspaper publisher. New Mexico's popular Latino Governor Bill Richardson will probably...

Author: /time Magazine | Title: The Democrats' New Western Stars | 1/19/2007 | See Source »

Ryan McCaffrey’s December 13 op-ed, “The Wronging of a Dictator,” embodied an unforgivable flaw of the brutal dictator he eulogized, Augusto Pinochet: arrogance that attempts to excuse inhuman brutality in the name of ideological purity...

Author: By Lucas L. Tate | Title: Brutality Cannot Be Excused For the Sake of Ideology | 12/15/2006 | See Source »

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