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...also inevitable. Pressure is building on political leaders to prove they're serious about getting their countries' finances in order. In late January, S&P warned that it could downgrade Japan's sovereign rating if the new administration of Prime Minister Yukio Hatoyama doesn't rein in the deficit. In his January State of the Union address, President Barack Obama pledged to freeze discretionary fiscal spending for three years starting in 2011. "Like any cash-strapped family, we will work within a budget to invest in what we need and sacrifice what we don't," Obama said. (See pictures...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...remember when I first worked in our Washington bureau in the late 1980s being amazed at the easy camaraderie that existed across the aisle in Congress. The public jockeying seemed more like acting. Today, the contentiousness is more visceral and not just for show--although preening for the cameras and one's constituents is always part of what drives members on both sides...

Author: /time Magazine | Title: Our Broken Government | 3/1/2010 | See Source »

Friday night saw the return of senior forward Pat Magnarelli, who had not played since sustaining a high ankle sprain at Dartmouth in late January...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: NOTEBOOK: Long-Range Effort Sparks Offense | 2/27/2010 | See Source »

Senior Pat Magnarelli, playing in his first game since suffering an injury in late January, got open for an easy layup. Then Curry got an and-one layup and an alley-oop from Lin to fall...

Author: By Martin Kessler, CRIMSON STAFF WRITER | Title: Crimson Ties Program Record With 19th Win | 2/27/2010 | See Source »

...local transportation projects' and municipal governments' coffers to balance the state's chronically unbalanced budget. In quick succession he pitches measures to close a corporate tax loophole, fund the state's parks with an additional $18 charge to vehicle registration, strip the legislators of their paychecks if they are late passing a budget, tighten term limits from 14 years to 12 years, and increase the vote requirement to two-thirds for any state levies and charges currently subject to majority vote...

Author: /time Magazine | Title: How the Initiative Culture Broke California | 2/26/2010 | See Source »

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