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...setbacks and the achievements." As Prime Minister of Denmark until last April, Rasmussen went out of his way to explain the reasons Danish troops were in Afghanistan. As a consequence, he says, support for the mission has held up better in Denmark than elsewhere. The British might learn a lesson from that. Gordon Brown has frequently tried to explain the Afghanistan mission. But David Davis, a prominent opposition MP and a former Foreign Office minister, argues that public support has dropped because of a "lack of clarity about what we're trying to achieve." Davis claims that "the aims...

Author: /time Magazine | Title: Afghanistan: Looking For the Way Ahead | 9/28/2009 | See Source »

That brings us to lesson No. 2. Early in the Great Depression, powerful voices at Treasury and the Fed argued that financial crisis was a necessary corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." This time around, after Lehman went under, no one at Treasury or the Fed talked that way. Instead, policymakers in the U.S. and overseas agreed that the panic had to be stopped at any cost. And it was, through a bailout that placed trillions of taxpayer...

Author: /time Magazine | Title: The Bailout's Biggest Flaw | 9/28/2009 | See Source »

...government officials in the years before the crisis that allowed things to get so bad. From ill-considered deregulation of banking and derivatives to over-the-top encouragement of homeownership, Washington's fingerprints are all over the crisis. Almost nothing has been done to right these wrongs. That's lesson No. 3. Put another way: it's really hard for a democracy to make big changes in the absence of a big crisis--and the big crisis has passed...

Author: /time Magazine | Title: The Bailout's Biggest Flaw | 9/28/2009 | See Source »

...turn into a home for kids aging out of foster care. "You have all these spaces for teaching life skills before they try to make it on their own," says director Douglas Peterson. A restaurant-league kitchen, for example, can be used as a place to give cooking lessons. An industrial-size laundry room is large enough to handle a group lesson on separating whites...

Author: /time Magazine | Title: Reinventing the McMansion | 9/28/2009 | See Source »

...lesson that FlyBy thinks we could live by. Tummy rumbles don't sound pleasant...

Author: By Esther I. Yi | Title: A Paradox We Can All Live By | 9/27/2009 | See Source »

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