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...only exacerbate the pain felt by Americans and slow down recovery. The alternative, running a large deficit, is surely better than remaining in an economic downturn. In many ways, the wasteful, destructive policies of the Bush administration that turned a budget surplus into the largest deficit since World War II have limited Obama’s options. Eventually, he will have to take steps to cut the budget deficit. However, a large deficit is much more harmful to an economy at full employment than it is to an economy with a gap between potential and actual production. This compelled Obama...

Author: By Malcolm-wiley T. Floyd | Title: DISSENT: Obama, Hoover, Maynard Keynes? | 2/23/2009 | See Source »

...kind on Sunday, date back to the colonial era, Laband says. However, those laws gradually died off as economic forces made some states realize that they could stand to gain by having stores open on Sunday. For example, the entry of women into the workforce in World War II made weekend shopping a necessity. (See pictures of Denver, Beer Country...

Author: /time Magazine | Title: Will the Recession Doom the Last Sunday Blue Laws? | 2/22/2009 | See Source »

...Canada's Governor-General, Michaëlle Jean, broke with protocol by buttonholing Obama at the airport for a private meeting that lasted 30 minutes. An immigrant from the impoverished Caribbean nation of Haiti, the former journalist and broadcaster is Canada's symbolic head of state, representing Queen Elizabeth II...

Author: /time Magazine | Title: Obama and the Canadians: Upbeat in Ottawa | 2/20/2009 | See Source »

...face no term limits at all. Parliamentary governments like Britain potentially allow a prime minister to serve indefinitely. Often the best person for the job is one who already has the skills and experience, especially during a national crisis, as with the case of President Roosevelt during World War II...

Author: By The Crimson Staff | Title: Termination | 2/19/2009 | See Source »

...conditioned malls, but it was more powerful in the late 1930s, when the novel is set. The story sprawls around the family of Walter Blackett, a wealthy British businessman who is clinging, with increasingly comic desperation, to the old colonial order as his beloved city lurches toward World War II. Around the bungalows of Tanglin his tempestuous daughter is conducting love affairs with variously unsuitable men, his son is proving too unreliable to inherit the family firm Blackett & Webb, and his business partner, once a model of rectitude, has become an aging eccentric who prunes his rose bushes...

Author: /time Magazine | Title: Sense of Place: Singapore | 2/19/2009 | See Source »

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