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...countries began exceeding that threshold before the financial crisis began and then went well above it after the crash. E.U. countries collectively spent $1.5 billion to save their vulnerable banking sectors and a further $200 billion in stimulus funding to revive their economies. Although the latter helped the 16-nation euro zone exit the recession in the middle of 2009, it also lifted already lofty deficit levels even higher - and brought Greece and Spain perilously close to default. Late last year, the European Commission put a handful of other nations on alert out of similar fears, including France and Ireland...

Author: /time Magazine | Title: The U.S. Is Not Alone — Europe's in Debt Too | 2/2/2010 | See Source »

...another stark break from recent play, the Crimson was embarrassingly plagued with penalties throughout the course of last night’s game. Prior to this matchup, Harvard averaged just 11.8 penalty minutes per game, the 11th-lowest in the nation...

Author: By Lucy D. Chen, CRIMSON STAFF WRITER | Title: Eagles Prove Too Much For Unruly Crimson | 2/2/2010 | See Source »

...58th installment of the Beanpot men’s hockey tournament, Boston College came out with focus. Harvard, on the other hand, looked lost at TD Banknorth, as it was trounced 6-0 by a fast and disciplined Eagles team, ranked 14th in the nation...

Author: By Jake I. Fisher, CRIMSON STAFF WRITER | Title: Harvard Lacks Spark In Loss | 2/2/2010 | See Source »

...infrastructure, he suggested, at a cost far below that of building a trillion-dollar fleet of fifth-generation jet fighters. "Knowing this, many militaries are developing offensive cyber capabilities," Lynn said. "Some governments already have the capacity to disrupt elements of the U.S. information infrastructure." (On Tuesday, the nation's top intelligence official warned that cyber-enemies have "severely threatened" U.S. computer systems. "Malicious cyber activity is occurring on an unprecedented scale with extraordinary sophistication," Dennis Blair, the director of national intelligence, told a Senate committee...

Author: /time Magazine | Title: U.S. Cyberwar Strategy: The Pentagon Plans to Attack | 2/2/2010 | See Source »

...Podium's slogan: "Look out, we're going to 'OWN' you." It's a line better fit for some guy from New Jersey, not Newfoundland. "I mean, you know we didn't say on the podium," says Jackson, an avuncular guy who is clearly enjoying this famously low-key nation's take-no-prisoners approach. "We said own the podium. We're getting a little cocky here." (See pictures of Olympic athletes' tattoos...

Author: /time Magazine | Title: Why Canada Wants to Kick Olympic Butt | 2/1/2010 | See Source »

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