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...Many European nations think that the U.S. approach of putting hundreds of billions of dollars of taxpayer money into the pot to increase jobs, cut taxes for most citizens, and put a safety net under financial firms is excessive. One of the things that these governments rarely admit is that they may not have the capacity to borrow in the open debt market the way that the U.S. Treasury can. China may not want to own paper from the Grand Duchy of Luxembourg and it is hard to blame the communist central government in the big Asian country for that...

Author: /time Magazine | Title: Why Europe's Criticism of the Stimulus Got Out of Hand | 3/26/2009 | See Source »

...looming in the air, Harvard’s freshman superhero Jeff Cohen came to his team’s rescue.“We needed someone to make a play,” said Cohen, who did just that.Cohen shot an unassisted rocket into the back of the Hoyas net with only 22 seconds on the clock, sending the Crimson into overtime.“It was just an extremely clutch goal,” co-captain Max Motschwiller said. “It was a gutsy play by [Cohen], and he’s been great...

Author: By Alexandra J. Mihalek, CRIMSON STAFF WRITER | Title: WEB UPDATE: Back-and-Forth Play Ends in Harvard Overtime Loss to Hoyas | 3/25/2009 | See Source »

...grass mud horse" - a thinly masked homonym for a very rude Chinese phrase involving sex acts and a close relative. By the time one enterprising netizen had concocted a video clip purporting to show grass mud horses cavorting in an equally mythical (and equally rudely named) desert, China's net nanny swung into action and attempted to erase all trace of the offending animal...

Author: /time Magazine | Title: As China's Olympic Glow Fades, So Do Hopes for Reform | 3/25/2009 | See Source »

...fatally stalled. Until then, such optimism will continue to be shouted down by the piercing shrieks of India's present challenges. And as Nilekani concedes, if you are playing a waiting game with India, you will lose. The Bill Gates of India does his best to weave his "safety net of ideas," but resolving India's inherent internal conflicts is sadly easier written about than done...

Author: /time Magazine | Title: Imagining India: A Manifesto by the Bill Gates of Bangalore | 3/23/2009 | See Source »

...thrilling 14-12 win last Wednesday at Connecticut, but the Crimson (3-4) could not carry its momentum over to No. 12 Boston University’s Nickerson Field yesterday, falling to the Terriers (5-3), 17-12. BU’s McKinley Curro found the back of the net three times within the first five minutes of the game, and the Terriers never looked back...

Author: By Zachary H. Richner, CONTRIBUTING WRITER | Title: WEB UPDATE: Terriers Hold on in 17-12 Harvard Loss | 3/22/2009 | See Source »

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