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...raise taxes to pay for what they've already spent," he says. "That means a period of fewer public jobs, reduced aid payments and less disposable income in consumers' pockets. Businesses will only start reinvesting money on production and jobs when they're sure demand has returned - and that isn't likely before we see government undertake cost-cutting we know is inevitable." (Read a piece on London as part of TIME's Davos coverage...
...None of this is to say homegrown terrorism isn't a danger. Take, for instance, the firing device that nearly brought the Northwest plane down. It was a chemical initiator, four common chemicals that progressively speed up the detonation. Any competent chemist can build one. Only small quantities of the chemicals are needed, and they can be easily smuggled through airport security. As for the explosive used in the Christmas attempt, PETN, it's everywhere and difficult to detect with the current airport-security systems...
...been building lately to Bernanke's confirmation consists of Republicans who want to obstruct anything President Obama wants and Democrats who want to obstruct anything Wall Street wants. But while Bernanke performed brilliantly during the worst financial panic in 75 years, it's fair to ask why he isn't doing more now to fight unemployment (the left's chief complaint) or inflation (the right's chief complaint). (See pictures of Ben Bernanke...
...shows that PTSD is a brain disease," says Dr. Apostolos Georgopoulos, who led the research along with Brian Engdahl and a team from the Brain Sciences Center at the Minneapolis VA Medical Center and University of Minnesota. "There have been questions that this is a made-up disorder and isn't a true brain disease, but it is." Just as importantly, he says, the magnetic-imaging biomarker shows changes over time in a brain's electrical activity, allowing mental-health workers to chart the effectiveness of various therapies. "It will be a tremendous tool in monitoring treatment," he says, "because...
...allies may need to move ahead on their own, without China. "No one wants to go there," says the European diplomat, but "what we're saying to the Chinese now explicitly is there's no point in going forward together" if the current approach isn't changing Iran's behavior...