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...stress about deficit spending - especially in the wake of the worst recession to hit the continent in a lifetime? Because the habit isn't new, and it is clearly harder to kick than governments pretend. Observers note that the borrowing kick has already lifted French public debt to nearly 80% of GDP - a level that Germany is within shouting distance of, and which Italy, Belgium and Greece are well beyond. (See pictures of the global financial crisis...

Author: /time Magazine | Title: The U.S. Is Not Alone — Europe's in Debt Too | 2/2/2010 | See Source »

...workers, and moderate compensation packages for top executives and employees, promise to be the remedies for this ill economy. Unless middle-class Americans fight back against the excesses of Wall Street executives who make more in a day than some of their employees make in a year (for much harder work), they will continue to be exploited by irresponsible financial practices...

Author: By Patrick Jean Baptiste | Title: The Necessary Regulation | 2/2/2010 | See Source »

...headlines were downbeat, and pundits were pontificating about the political implications of a stalled labor market. Chances are, the disparity between the two reports was mostly statistical noise. Those who read great meaning into either were deceiving themselves. It's a classic case of information overload making it harder to see the trends and patterns that matter. In other words, we might be better off paying less (or at least less frequent) attention to data. (See the worst business deals...

Author: /time Magazine | Title: When Economic Indicators Aren't Worth That Much | 2/1/2010 | See Source »

Obama’s astute speech proved that, even given the failures of the past weeks, the Democrats have no reason to run for the hills—contrarily, they must work harder than ever to accomplish significant reform. After all, the Democrats still have a 59-seat majority in the Senate, a majority in the House, and control of the White House. As Obama’s first State of the Union address indicated, he is an able politician, and his party has no reason to abandon its entire agenda at this point in time...

Author: By The Crimson Staff | Title: State of the Presidency | 2/1/2010 | See Source »

...favor by orchestrating the postelection crackdown. It's not clear now just who calls the shots. Also, concerned with the danger posed to the regime's survival by internal strife, hard-liners may be tempted to pick a fight with the West to create a pretext for cracking down harder at home...

Author: /time Magazine | Title: Iran's Opposition: Confrontation or Compromise? | 2/1/2010 | See Source »

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