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...rest of the industrialized world may be in worse shape. To measure excess capacity, economists use a metric called the "output gap," defined as the difference between the potential output of a given economy and what is actually being produced (including services). The Organization for Economic Cooperation and Development (OECD) is projecting that, despite global production cutbacks, the situation is actually getting worse because the recovery will be weak. In 2010 the output gap among 24 OECD member nations is projected to widen to -5.7% - the widest gulf by far in the post-World War II era. (See 25 people...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

...their right mind would disagree that at Harvard, Sunday is the best day of the week not because of God or church or anything like that but because of HUDS's "bread day" extravaganza in each dining hall for dinner. But while bread day has been given its due amount of praise, perhaps the most delicious part of the whole enterprise (a subtle little substance called Honey Butter--that's right, capitalize it!) often goes without mention...

Author: By James K. Mcauley | Title: Move Over Sunday Sundaes, It's Honey Butter Time | 10/5/2009 | See Source »

Maryland v. Shatzer At issue: The scope of the rights of police suspects, as given in the court's landmark 1966 decision, Miranda v. Arizona...

Author: /time Magazine | Title: Five Supreme Court Cases to Watch This Term | 10/5/2009 | See Source »

...court has already considered a similar case in 1981's Edwards v. Arizona, in which the court found admissions made by a suspect without the presence of an attorney, which he had requested, inadmissible. But in Edwards, these admissions were made only a day after the suspect had been given his rights - not nearly three years later. The court will be asked to decide whether to treat their decision in Edwards as a so-called "bright-line" rule - that is, one that would create an absolute standard of police conduct in regard to the Miranda rights, regardless of how much...

Author: /time Magazine | Title: Five Supreme Court Cases to Watch This Term | 10/5/2009 | See Source »

...somewhat stable. And a stabilized Afghanistan is a necessary precondition for a peaceful South Asia, which is today the epicenter of global terrorism and the most likely setting of a nuclear war. Obamas Af-Pak plan has a real chance to achieve a stable Afghanistan if it is given some time to work...

Author: /time Magazine | Title: Two Arguments for What to Do in Afghanistan | 10/5/2009 | See Source »

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