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But in fact, there are two cyclic waves in American history: one for politics and the general national spirit, the other for economic growth and contraction. Think of the two wave systems as running along the same timeline but perpendicular to each other - politics on the horizontal, weaving left to...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

Every now and then, the drastic end of flush economic times happens to coincide with the natural end of a conservative political era. Such was the case in the 1930s - coming after three straight conservative presidencies, a period of whizbang technological progress (electrification, radio, aviation) and a culture of bon...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

For our past two centuries, a key to national prosperity and power was the extraordinary physical scale of our land, our population, our natural resources. China has similar advantages today, and partly because we have already been there and done that, paving the way, it has been able to develop...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

Despite the earlier Carrisa solar experiment, the state feels it is still inexperienced in judging the impact of huge solar plants. According to California Energy Commission chairwoman Karen Douglas, "We've got much more experience siting natural-gas plants than siting renewables, both from a staff and commission perspective. So...

Author: /time Magazine | Title: Solar Power: Eco-Friendly or Environmental Blight? | 3/24/2009 | See Source »

Meanwhile, the brouhaha is bringing what some locals consider to be unwelcome attention to the laid-back canton. Melchior Looser, Appenzell's justice and police minister who spearheaded the proposed legislation, didn't return TIME's request for an interview but told a local newspaper that the sudden public interest...

Author: /time Magazine | Title: Another Reason to Visit Switzerland: Hiking in the Nude | 3/24/2009 | See Source »

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