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President Obama's $3.8 trillion budget for 2011 drew fire from lawmakers who say the plan does not seek to make a deep-enough dent in the soaring U.S. deficit, expected to hit a record $1.56 trillion this year. Obama blamed the shortfall in part on the "decade of profligacy" under his predecessor, including two wars and tax cuts for the wealthy. Propping up the fragile economy, he added, remains a top White House priority--and it's not cheap. While the proposed budget includes a three-year freeze on discretionary spending and other deficit-reduction measures, it also calls...

Author: /time Magazine | Title: The World | 2/15/2010 | See Source »

...would make a fair bet that I would have said no to such an offer, or I would have charged him some incredible amount of money...

Author: /time Magazine | Title: Verbatim | 2/15/2010 | See Source »

...with an altruistic sense of purpose. "In all the cool places I've lived - Bloomington, Gainesville, Olympia - I felt like I could add to the community but not affect it. By taking the little bit I could afford to a place that had nothing, I felt like I could make a bigger difference." Johnston found an old Knights of Columbus building on Cairo's main drag and bought it in May for $24,000. Along with his girlfriend Adrienne Tootle, 25, and Zach Rapattoni, 24, he spent months making the building habitable. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Trying to Revitalize a Dying Small Town | 2/15/2010 | See Source »

...maintaining the status quo was beginning to appear prohibitive. De Klerk, to his credit, realized that his people had more to gain from negotiating from a position of relative strength. And the political unrest in the black townships, combined with the expanding sanctions and growing isolation, helped him make the case to his own electorate...

Author: /time Magazine | Title: Israel Gets More Comfortable with Status Quo | 2/15/2010 | See Source »

...wasn't a flattering comparison. In the meantime, Kissel can apply to be released on bail, and her lawyers have already started to argue publicly that the media circus surrounding her first trial will make it impossible for her to get a fair hearing. As he told reporters last week, "Can the milk-shake murderer get a fair trial in Hong Kong? Probably not." In the end, that might just be her strongest argument...

Author: /time Magazine | Title: Hong Kong's Milk-Shake Murder Trial Is Back | 2/15/2010 | See Source »

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