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...Spooked by the gravest economic crisis in decades, Americans are curtailing their spending. They're making fewer trips to supermarkets and migrating from grocers like Albertson's and Whole Foods to deep-discounters like Aldi and Save-a-Lot. And it's not just retirees like Chernova. These spartan bastions of private-label goods are looking a lot better to a broad range of shoppers. "Prior to the economic slowdown, we were prospering. But now we're seeing customers looking to save money, and our foot traffic has increased," says Jason Hart, president of Aldi US, based in Batavia...

Author: /time Magazine | Title: Aldi: A Grocer for the Recession | 10/28/2008 | See Source »

...these two Senators is about to be thrust into the White House, however, where the gravest financial crisis since the Great Depression will shape his agenda and probably narrow his options for years to come. Beneath the armor of two politicians in crisis mode, there were signs of the kind of President each would...

Author: /time Magazine | Title: Who Can Lead Us Out of This Mess? | 9/25/2008 | See Source »

...Livni wants Olmert out. She is eager to take over, telling her supporters after her win that she wants to form a new Cabinet "as quickly as possible in the face of serious threats facing Israel." Israel's generals say the nation's gravest threat is the possibility of a nuclear attack from Iran, though it now appears doubtful that Israel alone, without a green light from Washington, would launch an attack on Iran's nuclear facilities...

Author: /time Magazine | Title: Livni Wins Party Vote to Succeed Olmert in Israel | 9/18/2008 | See Source »

...recent months Obama has been publicly silent about one of the gravest tragedies in American history. Perhaps that silence can be attributed to concern about being associated with a catastrophe that was cast in racially polarizing terms. But his silence is a missed opportunity. There is no better platform than New Orleans to execute many of the social-mobility policies Obama has vigorously promoted in other places like rural Pennsylvania, Iowa and Montana. Simply expressing sentiment over New Orleans isn't enough. We have had enough of platitudes. Any Obama statement must reflect a plan for resurrecting New Orleans...

Author: /time Magazine | Title: Forgetting New Orleans | 8/28/2008 | See Source »

Russia's two gravest ills, according to the celebrated 19th century writer Nikolai Gogol, were its fools and its roads. And even though the overall population of contemporary Russia continues to shrink by more than half a million people a year, fools appear to multiply as profusely as ever. Perhaps that's why whenever national elections are held, the polling station nearest my dacha (country house) is the local loony bin. As for the roads, each 40-mile drive here from Moscow confirms my suspicion that roads were in much better shape in Gogol's time. Today, they look...

Author: /time Magazine | Title: Only Fools Would Fix a Broken Road | 7/1/2008 | See Source »

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