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...beginning to wonder if anyone reads basic economics anymore. It has been widely understood for centuries that government does not create wealth; it merely redistributes it. The stimulus plan can be summarized as follows: we are going to borrow a trillion dollars from foreigners and spend it on a mile-long list of pork-barrel projects that we don't immediately need (or else we would have found another way to pay for them) and hope this gets us out of the recession. Stimulus won't solve the fundamental economic problems of this country: decades of low savings coupled with...

Author: /time Magazine | Title: Inbox | 2/5/2009 | See Source »

...wire. Like the U.S., Israel and other countries, India is constructing a massive frontier fence, hoping that it will act as a bulwark against what the government in New Delhi perceives to be problems and threats on the other side. When finished, the Indian fence along the 2,500-mile (4,100 km) border with its eastern neighbor will all but encircle Bangladesh...

Author: /time Magazine | Title: A Great Divide | 2/5/2009 | See Source »

...sure where the award ceremony for the feature films was held, but the shorts awards were given out a mile from town at a weird '80s dance party with a really bad buffet in a room without seats. I did not see Robert Redford. Standing near the stage, rehearsing my speech, I was relieved not to get any of the eight "honorable mentions," which is some kind of Sundancespeak for "loser." But when the actual award was given, they called up a young hipster named Destin Cretton, who not only did not have a speech prepared but also was holding...

Author: /time Magazine | Title: Joel Stein Goes Campaigning in Sundance | 2/5/2009 | See Source »

...around to the drug companies at some point. And if Congress pushes through a two-year ban, could that set a precedent for further DTC restrictions down the road? Are drug and media companies headed down a slippery slope with Congress? "Give them an inch, they'll take a mile - there's concern about that," Bolling says. "There's no question the Congressmen will take it as far as they can. This is a platform for them. This is, 'I am here to save the American public from these big, bad pharmaceutical companies.' " (Waxman says he does not support...

Author: /time Magazine | Title: Are Direct-to-Consumer Drug Ads Doomed? | 2/4/2009 | See Source »

...lose anything over the break and that I’m getting better.” Sophomore Hilary May, fresh off her victory in the 3K at the NYU Metro Coaches Invitational three weeks ago, picked up another win—this time in the one-mile run—with a time of 4:58.44. The finish put her a full two seconds ahead of the next runner and qualifies May for the ECAC Championships in March.Rookie Kailyn Kuzmuk edged out the Big Red’s Fiona Cundy in the 3K with a time...

Author: By Dixon McPhillips, CRIMSON STAFF WRITER | Title: Individual Highlights Mark Full Day of Competition | 2/1/2009 | See Source »

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