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This all adds to the daunting challenges facing Britain's next government. Its first priority will surely be to get the economy out of the emergency room. The parties disagree on the speed and severity of action needed to cut the British deficit, but all accept that there must be reductions in public expenditure. Inevitably such cuts will hit the nation's most deprived communities hardest. And it is in such communities that the social consensus that underpins Britain's democracy is fracturing...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...early stages and remains very fragile," Brown said in a March 10 speech in the City. Labour says the recovery is due to the government's lead in global efforts to stabilize the banking system and its $30 billion of fiscal stimulus and argues that stimulus spending must continue. Conservatives, however, propose swifter action to reduce Britain's borrowing. That view has been bolstered over recent weeks with the world's three biggest credit-rating agencies raising concerns that the scale of debt puts Britain at significant risk of default. That might seem to raise the mortifying prospect of another...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...Benedict know about the priest's swift return to pastoral work after his therapy? The archdiocese says the decision was made by Benedict's then deputy, who has taken full responsibility. But the American priest in Rome says Ratzinger, famously a micromanager, must have known of the decision. "It's probably just a matter of time," the American says, "before it comes out that he did know more than they are saying...

Author: /time Magazine | Title: Catholic Europe: How Damaged Is the Papacy? | 3/29/2010 | See Source »

Hiltrud Schober, Pforzheim, Germany I agree with you on many points, especially the bureaucracy and the lack of efficiency in the E.U. Nobody would ever deny these shortcomings. Yet, I must firmly reject your suggestion that Europe should work harder to ease tensions in its sphere of interest, for instance in Bosnia, or reach out to the countries of North Africa, or cooperate with Turkey. Why don't you admit that it is the strategic interest of the U.S. to want other nations to be present in areas where the U.S. is not welcome...

Author: /time Magazine | Title: Europe Speaks Back | 3/29/2010 | See Source »

...past year, Holder and Obama have been navigating one of the more difficult constitutional relationships in American government. On the one hand, the Attorney General is appointed by the President; on the other, he must remain politically independent of the White House. Holder, who as Deputy Attorney General a decade ago approved both the expansion of Ken Starr's investigation of Bill Clinton and Clinton's disastrous pardon of fugitive financier Marc Rich, needs no lesson on the pitfalls of his position. But Holder enjoys a personal relationship with Obama that he never had with Clinton - and that makes...

Author: /time Magazine | Title: Eric Holder's Trials and Tribulations | 3/29/2010 | See Source »

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