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...culture is probably one of the most powerful things to come out of America in a long time--everything from the music to the art to the dance to the language. What major labels choose to market has nothing to do with what hip-hop truly is. There are tons of groups that are socially conscious...

Author: /time Magazine | Title: 10 Questions for will.i.am | 1/8/2009 | See Source »

...enough, as Jesus said, to put patches on an old suit.' POPE BENEDICT XVI, challenging world leaders to make major changes to the global financial system, saying short-term answers to the economic crisis weren't sufficient...

Author: /time Magazine | Title: Verbatim | 1/8/2009 | See Source »

Thirty years ago, Americans were told that government was part of the problem, not the solution. We bet on the magic of the marketplace, but the magic proved illusory. Every major part of the economy - health care, energy, transportation, food and finance - is deeply troubled. Now we are ready to invite government back in to help solve our problems, if the price is right and the strategies are convincing. By spending more through government and treating government as a partner rather than an enemy of the private sector, we can potentially save vast sums in the long run through...

Author: /time Magazine | Title: The Case for Bigger Government | 1/8/2009 | See Source »

President-elect Barack Obama's challenge will be twofold: to capture the potential benefits of a new age of government activism, while still protecting the country's long-term fiscal health. On Jan. 6, Obama warned that the cost of a major stimulus package and the continued effort to bail out the financial system could result in years of "trillion-dollar deficits." Deficit spending is needed to help revive the economy from recession, but trillion-dollar deficits for years to come would sink us in debt and risk a collapse of the currency. We need a sensible strategy that deals...

Author: /time Magazine | Title: The Case for Bigger Government | 1/8/2009 | See Source »

...President-elect Barack Obama admitted as much in a major speech on Thursday, making the case for Congress to act quickly on his plan, dubbed the American Recovery and Reinvestment Plan. "There is no doubt that the cost of this plan will be considerable," he said. "It will certainly add to the budget deficit in the short term. But equally certain are the consequences of doing too little or nothing at all, for that will lead to an even greater deficit of jobs, incomes and confidence in our economy." (Read Obama's full remarks...

Author: /time Magazine | Title: Obama's Stimulus: Jump-Starting His Long-Term Agenda | 1/8/2009 | See Source »

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