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Finally, and most important, what we're facing now isn't your garden-variety recession. This downturn is likely to be deep, and the economy will probably remain weak for several years--meaning there isn't much cause to worry that stimulus would overheat an already strong recovery. Meanwhile, the Fed, which normally stimulates the economy via the financial system, is having trouble doing so because the financial system is broken. And the usual concern that government will crowd out private borrowers isn't an issue. "The government has a window in which it can borrow very aggressively," says Mark...

Author: /time Magazine | Title: Will Washington's Stimulus Plan Work? | 11/13/2008 | See Source »

...back of his knees. This had been happening at regular intervals ever since he and Roxanna had saved one another in the swirling river currents. He sank to his knees and began to pray.Visions of heavenly grace intermingled in his great brain with images of Roxanna. What a garden of delights they had begun to cultivate together, between the two of them! In what a diversity of places had the seeds of their mutual salvation been sown: in the bed, in the carriage, at the window, behind the curtains, under the bed, on the floor next...

Author: By Lesley R. Winters, CONTRIBUTING WRITER | Title: THE STABLE BOY: Chapter 13 | 11/13/2008 | See Source »

...money into the economy to make sure it never fell into depression again. They didn't feel unfree; they felt secure. For three and a half decades, from the mid-1930s through the '60s, government imposed order on the market. The jungle of American capitalism became a well-tended garden, a safe and pleasant place for ordinary folks to stroll. Americans responded by voting for F.D.R.-style liberalism - which even most Republican politicians came to accept - in election after election. (Read a TIME cover story on F.D.R...

Author: /time Magazine | Title: The New Liberal Order | 11/13/2008 | See Source »

...stifled. American capitalism had become so thoroughly domesticated, he argued, that it lost its capacity for dynamic growth. For a time, a majority of Americans agreed. Taxes and regulations were cut and cut again, and for the most part, the economic pie grew. In the 1980s and '90s, the garden of American capitalism became a pretty energetic place. But it became a scarier place too. In the newly deregulated American economy, fewer people had job security or fixed-benefit pensions or reliable health care. Some got rich, but a lot went bankrupt, mostly because of health-care costs. As Yale...

Author: /time Magazine | Title: The New Liberal Order | 11/13/2008 | See Source »

Roxanna sped from the garden, her hands as white as cream and her cheeks flushed with feeling. She had resisted The Stable Boy. She had seen through his clothes, seen through the glistening musculature, seen through the radiant curls, seen through to the very center, to the black void that gaped and groaned in place of a red beating heart. She knew that she had passed a spiritual test, but she also knew that she was not completely unshaken. Even with the righteousness of the Lord coursing through her blood, with all her health and strength, her legs still quivered...

Author: By Lesley R. Winters, CONTRIBUTING WRITER | Title: The Stable Boy: Chapter 12 | 11/7/2008 | See Source »

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