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...great enemy of stopping the frightful fall in employment, the catastrophe of corporate earnings, and the plunging housing market is that time is not on the government's side. That is an observation which has almost been made too often...

Author: /time Magazine | Title: Horrible Jobs Report May Save the Economy | 1/9/2009 | See Source »

...taxes. Which of those is the best path is impossible to determine beforehand. It may be that it will never be entirely clear exactly what hurt or helped the economy. Those issues are still being debated when it comes to the reasons American got into and out of the Great Depression...

Author: /time Magazine | Title: Horrible Jobs Report May Save the Economy | 1/9/2009 | See Source »

...Pius XII's conduct during World War II. Jewish leaders and some historians argue that Pius failed to use his moral power to denounce the atrocities. Catholic leaders are pushing for Pius to be made a saint of the church, saying he was one of the 20th century's great Popes and that he did what was possible during the Nazi occupation. Benedict has given mixed signals as to whether he will forge ahead with the cause for beatification - the last step before sainthood...

Author: /time Magazine | Title: Will the Pope Cancel His Holy Land Trip? | 1/9/2009 | See Source »

President-elect Obama inherits the worst economic crisis since the Great Depression: the financial sector is in ruins; the budget is hemorrhaging red ink; debt-ridden households have clamped down on spending, thereby pulling the rug out from under the economy; unemployment is soaring; the country is in two wars; and the unmet social and environmental needs are vast. These conditions demand a fundamental realignment in strategy that ultimately comes back to taxation: Will we pay for the government we need? Obama's big domestic program, the American Recovery and Reinvestment Plan, proposes doubling renewable-energy production and making public...

Author: /time Magazine | Title: The Case for Bigger Government | 1/8/2009 | See Source »

...Prime Minister Ariel Sharon into abandoning the biblical dreams of a Greater Israel stretching all the way from the Jordan River to the Mediterranean. As Olmert recently warned, "If we are determined to preserve the Jewish and democratic character of the state of Israel, we must inevitably relinquish, with great pain, parts of our homeland." In other words, if Israelis cling to the West Bank and Gaza, as many religious Zionists insist, Jews will find themselves a shrinking minority in their own state...

Author: /time Magazine | Title: Can Israel Survive Its Assault on Gaza? | 1/8/2009 | See Source »

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