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...rise in the rate of unemployment would have to be reversed almost immediately, and the sales in the private sector would have to make an unprecedented rebound if the Administration is to have any chance of holding the line at a $1.8 trillion. Neither of those things is going to happen. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Forgiving a Mistake in the Federal Budget | 5/12/2009 | See Source »

...captures the sentiment and distrust of developing economies toward the IMF, and the negative impact on people's lives of corrupt and inept government officials' dealings with the IMF [April 20]. Certain governments in Africa took IMF loans on behalf of their people who then suffered the debt with neither accountability nor the hoped for development. Now the loan conditions are being relaxed, the IMF must ensure that loans do not get to corrupt governments anymore, and where they do, the loans must be accounted for with development projects and fiscal responsibility. Obinna Wachuku, ABUJA

Author: /time Magazine | Title: Navigating America's Other War | 5/11/2009 | See Source »

Avner Shalev, the chairman of the memorial, also seemed pained by the Pope's decision not to cite the origins of the Holocaust, neither its roots in anti-Semitism nor the place where it was launched. "This is a place where we speak of the importance of memory," Shalev told reporters after the ceremony. "To not specifically mention the perpetrators, the murderers... He missed that point." Shalev also wondered why the German-born Pope, who was an unwilling conscript into the Hitler Youth, chose to offer no reflections of his personal experience. (The Pope had condemned anti-Semitism during...

Author: /time Magazine | Title: Pope's Silence Rings Loudly at Holocaust Memorial | 5/11/2009 | See Source »

...German Pope a unique chance to complete the legacy of his Polish predecessor in helping to reconcile the 20th century Christian Europe that failed to save its Jews from near annihilation. Instead, eloquent and heartfelt as he may have been, Benedict came to Israel's Holocaust memorial and spoke neither as a man of his times nor his place. With reporting by Aaron J. Klein/Jerusalem

Author: /time Magazine | Title: Pope's Silence Rings Loudly at Holocaust Memorial | 5/11/2009 | See Source »

...transcribe. Put under oath and given very few grounds for objection, the deposed party has no recourse for evasion. Add to this the fact that depositions often last for hours and even days, and you get a process that is fatiguing at best, and overwhelmingly invasive at worst. But neither Tenenbaum nor his newly retained lawyer had any intention of trying to make the proceedings move quickly. “The judges are the kings, the lawyers are the wizards, and you’re the warrior,” Tenenbaum recalls Nesson saying that morning...

Author: By Christian B. Flow, CRIMSON STAFF WRITER | Title: Building the Public Domain, Part I | 5/9/2009 | See Source »

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