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After a decade of overspending, Greece has fallen into a debt crisis. The country--which along with Portugal, Ireland, Italy and Spain is a member of the so-called PIIGS group of troubled European economies--is carrying a deficit close to 13% of GDP, more than four times the E.U. limit. Part of the blame for Greece's economic woes has been placed on padded public-sector wages and rampant tax evasion. Proposed austerity measures, which include a pay freeze for government employees, prompted thousands to go on strike. European leaders, who fear that Greece's troubles will trigger widespread...

Author: /time Magazine | Title: The World | 2/22/2010 | See Source »

...since jaws has a piscine predator caused such a commotion. Asian carp--which grow up to four feet long, feast ravenously on other species' food and have a nasty habit of leaping from the water to wallop unsuspecting fishermen--are threatening to take a bite out of the Great Lakes' $7 billion fishing industry. To reassure jittery local governments, the White House held an Asian-carp summit Feb. 8 and pledged $78.5 million to help keep the fish--brought to the U.S. in the '70s to rid catfish farms of algae...

Author: /time Magazine | Title: Brief History: Invasive Species | 2/22/2010 | See Source »

...plot revolves around Shirley, a single mother with grown children, who learns at the outset that her cancer has spread and she has four to six weeks to live. Accepting the news with barely a flinch, she tries to tell her extended family, only to find they are too caught up in their own troubles to pay much attention. Among the brood: a son whose bitchy fiancée wants him to get into the dope trade so she'll have enough money to open a boutique and an older daughter who reveals that her younger "brother" is actually...

Author: /time Magazine | Title: Tyler Perry's Big Happy Family | 2/22/2010 | See Source »

...party, but the city's first Super Bowl win provided the best reason to ratchet up Mardi Gras a week early. It was a long-overdue celebration--not just for the Saints, after 43 years of bag-over-their-heads futility, but also for the Big Easy itself, after four-plus years of post-Katrina pity parties. It was a night to stop feeling sorry. New Orleans is still a high-poverty, high-anxiety mess. Some of its neighborhoods have barely begun to rebuild, and it's still outrageously vulnerable to coastal storms. Its levees are too weak...

Author: /time Magazine | Title: The Moment | 2/22/2010 | See Source »

Back on the weekend before Christmas, when Avatar opened to a $77 million gross, another film made its debut with $82,664 on four screens. That was Crazy Heart, an ordinary little movie that was at first scheduled to go direct to DVD. But the appealing performance by Jeff Bridges as a country-music star on the downalator charmed critics and started piling up best actor awards: from the L.A. film critics, the broadcast film critics, the Golden Globes gang and, most important, the Screen Actors Guild. Bridges is now the front runner for a Best Actor Oscar, and audiences...

Author: /time Magazine | Title: Box Office Weekend: Shutter Island Opens Big | 2/21/2010 | See Source »

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