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...first is that the cause of the recession was Americans becoming overextended in their use of credit. The other one, which is a consequence of the first, is that if the government can facilitate future consumer borrowing, the economy will be righted again in short order. That would mean that more complex methods of solving the problems of the recession, such as spending money on infrastructure, would be unnecessary. It would be simpler to take $825 billion and make it available for home equity loans, enlarge credit card lines, and auto loans...

Author: /time Magazine | Title: A Guide to Reading the America Recovery and Reinvestment Bill | 1/22/2009 | See Source »

Does restoring solvency mean abandoning our commitment to freedom? No, but it means not writing rhetorical checks that we can't cash. America usually promotes liberty more successfully by luring autocracies into greater engagement with the West rather than by trying to quarantine them. What's more, America's greatest contribution to democracy's spread comes from the power of our example. By defining the war on terrorism as a permanent state of emergency during which human rights and civil liberties don't apply, Bush has harmed freedom's cause far more than his lofty speeches have boosted...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

What makes a song good is content. I always try to write a song so that if I had written it 50 years earlier, it would have meant something to people; at the time that I'm writing it, it's going to mean something to people; and 50 years from now, it's going to mean something to people...

Author: /time Magazine | Title: 10 Questions for Smokey Robinson | 1/21/2009 | See Source »

...playing sports with concussion symptoms so risky? During a concussion, arteries constrict, slowing blood flow to the brain. At the same time, calcium floods the energy-producing portions of brain cells. That calcium plays a mean defense, blocking oxygen- and glucose-rich blood from replenishing neurons' energy supply. Brain cells get sluggish, and a concussed athlete who can't focus or suffers from slower reaction times is left more susceptible to a slew of other injuries, including another concussion. A second blow to the head could lead to more arterial constriction and more calcium infusions. "Concussion produces an energy crisis...

Author: /time Magazine | Title: Study: Kids Competing Too Soon After Concussions | 1/21/2009 | See Source »

...rare modern President who retires to his farm and his library, unless by library we mean a multimillion-dollar monument to his vital role in world history. These men are, as President Bush put it in his farewell squash match with the White House press corps, "type A" personalities. "I just can't envision myself, you know, the big straw hat and Hawaiian shirt, sitting on some beach," he said. "Particularly since I quit drinking." So what options beckon a President who is relatively young, healthy and unloved by more of his fellow citizens upon leaving office than any other...

Author: /time Magazine | Title: Is There a Second Act for George W. Bush? | 1/21/2009 | See Source »

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