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...rest of us, though, bad times are still just headlines. Most economists now think we're in a recession, but so far, it's a mild one, with unemployment at 4.8% and nonfinancial corporations still reporting strong profits. Stock prices are down, but not nearly as much...

Author: /time Magazine | Title: The Bear Trap | 3/20/2008 | See Source »

...comfortable. "The best-case scenario is a mild recession and a slow recovery with mildly elevated inflation," says Harvard professor Kenneth Rogoff, a former chief economist at the International Monetary Fund. "That's the best outcome we can hope for at this point." Rogoff is a co-author, with the University of Maryland's Carmen Reinhart, of a much discussed new paper that surveys the five worst rich-country financial crises since World War II, and he finds alarming parallels to the current U.S. situation. Those crises all brought economic downturns that, while much milder than the Great Depression, were...

Author: /time Magazine | Title: The Bear Trap | 3/20/2008 | See Source »

...national race by being soft, naive or scared of a fight. What has distinguished Obama in this campaign is how hard he has battled without appearing to do so. The message that moves the crowds at his rallies is made possible by many layers of calculation underneath. His mild manner belies fierce self-control. The frequent self-mocking conceals a stubborn self-confidence. He not only plays hard; he plays to win, rubs it in sometimes if he does and takes losses hard. "He is," says a friend who has known his share of strivers, "one of the most competitive...

Author: /time Magazine | Title: Can Obama Play Offense? | 3/6/2008 | See Source »

...premise, there should be plenty of those mad moments, right?Unfortunately, wrong. While Cranston gets a few interludes of maniacal glee, most of “Breaking Bad” is about pouting, not shouting. In order for this premise to work, we have to believe that this mild-mannered chemistry teacher is crazy enough to think that becoming a meth-maker is the best way to finance those oncology bills. Cranston has the latent manic energy to make us believe that, but creator Vince Gilligan seems set on not letting that energy show. Cranston does an admirable...

Author: By Allie T. Pape, CRIMSON STAFF WRITER | Title: 'Breaking Bad' and Character-Driven TV | 2/29/2008 | See Source »

There were mild upsets in the categories of Best Films You'll Never See. The Animated Short went to the lamest of the five nominees, an endless (27-minute) rendition of Prokofiev's Peter and the Wolf; and The Mozart of Pickpockets, about two doofus criminals who adopt an immigrant waif, was outshone by a droll Dutch gem, Tanghi Argentini, and a Danish hospital weepie, At Night. In a year when the best foreign-language films weren't even nominated, the Oscar went to The Counterfeiters, an Austrian drama about (really?) the Holocaust. Points to it, though, for lacing...

Author: /time Magazine | Title: Big Evening for 80-Year-Old Oscar | 2/25/2008 | See Source »

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