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Option No. 1 is domestic political suicide, and it might not be smart economics either; slashing government spending and raising taxes during a downturn could worsen that downturn. Option No. 2 seems the best of the lot but has high international political hurdles to surmount. No. 3 would be a disaster for Greece and for the global financial system. As for No. 4, given that there are no procedures for leaving the euro, it might risk unraveling the entire project. In the euro's prelaunch period, a few skeptics predicted that the mismatch between a single European currency and differing...

Author: /time Magazine | Title: Echoes of Greece's Debt Crisis | 2/22/2010 | See Source »

...took his time getting there. Hill, 37, spent more than a decade trying his hand at a variety of genres (a thriller in the vein of Cormac McCarthy, a children's tale, a 900-page fantasy novel) with no bites from publishers. "I began to think I might not be able to cut it as a novelist," he says. So he scaled back, and in 2005 a small British press released a collection of his short stories, the touching, terrifying 20th Century Ghosts. It was followed two years later by the best-selling Heart-Shaped Box, a novel about...

Author: /time Magazine | Title: The Devil's Due | 2/22/2010 | See Source »

...tetragrammatic name of God, the moniker Jwoww has encoded in it everything you need to understand the world we live in today. The idea that an unknown 23-year-old from Long Island would come equipped with a tabloid-ready exclamatory nickname, like J. Lo or P. Diddy, might, in a more self-effacing era, have seemed presumptuous. Now it's just commonsense branding. If you might be on a reality show, you may as well have a name that pops and precedes you like a well-positioned set of silicone implants. (Oh, also: you should get the implants...

Author: /time Magazine | Title: Reality TV at 10: How It's Changed Television — and Us | 2/22/2010 | See Source »

Thus comes what you might call the realitization of reality: the evolution of once private, or at least obscure, acts into performance. The diary becomes the blog. The home-movie collection becomes the YouTube channel. The résumé becomes the public search-result page...

Author: /time Magazine | Title: Reality TV at 10: How It's Changed Television — and Us | 2/22/2010 | See Source »

...complain about your supervisors to the cameras? TV calls, and you must answer. It is as if, as a society, we had been singing in front of a mirror for generations, only to discover that now the mirror can actually see us. And if we are really lucky, it might just offer us a show...

Author: /time Magazine | Title: Reality TV at 10: How It's Changed Television — and Us | 2/22/2010 | See Source »

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