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...there are more serious critiques of the American Recovery and Reinvestment Act from more serious critics. The most compelling critique - offered by Clinton Administration budget chief Alice Rivkin and Democratic Senator Ben Nelson as well as principled conservatives like New York Times columnist David Brooks and Reagan Administration economics adviser Martin Feldstein - is that an $800 billion stimulus package ought to be all about stimulus. They're not the Hooverish partisans who are whining that the package has turned into a "spending plan," as if government spending were a preposterous strategy for jump-starting the economy. They're concerned with...

Author: /time Magazine | Title: What Is Real Stimulus and What Isn't? | 2/3/2009 | See Source »

Built in 1737, the HMS Victory (a later version would be commanded by Admiral Nelson) was, in its day, the most powerful warship in the Royal Navy. In 1744, it was part of the fleet, commanded by war hero Admiral John Balchin, that broke through a French blockade of the Tagus river at Lisbon. Returning to England, a fierce storm hit the fleet, first separating the Victory from the other ships, and then sinking it, reportedly near the Channel Islands. The 1,100 sailors on board, as well as the sons of some of Britain's most prestigious families...

Author: /time Magazine | Title: The HMS Victory, Famed Shipwreck, Is Found | 2/2/2009 | See Source »

...ready to commit suicide yet.' NELSON CHAMISA, a spokesman for Morgan Tsvangirai's MDC party, on its refusal to enter into a power-sharing agreement with Zimbabwean President Robert Mugabe...

Author: /time Magazine | Title: Verbatim | 1/29/2009 | See Source »

...children, and gave him the title of his best-selling book. But he also made a few correct remarks about American racism, labeled too “controversial” to keep them from being discussed seriously. Instead of standing by his friend and supporter as the statesman Nelson Mandela would have done, new black politician Barack Obama assailed Wright without mercy...

Author: By Jonathan D. Farley | Title: The New Black Politics | 1/28/2009 | See Source »

...convincing them to sign the "Davos Declaration." In the years that followed, Davos became home to some of the most memorable diplomatic moments in history including the first ministerial meetings held between North and South Korea in 1989, the milestone sitdown between South African President F.W. de Klerk and Nelson Mandela in 1992 and the 1994 draft agreement on Gaza and Jericho reached by Israeli Prime Minister Shimon Peres and PLO head Yasser Arafat...

Author: /time Magazine | Title: The Davos Conference | 1/27/2009 | See Source »

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