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...commission wants member states to agree to spend about $163 billion to stimulate growth beyond the separate national recession-battling plans. That sum - about 1% of the E.U.'s combined GNP - would mostly be comprised of money already earmarked for investment in certain regions, sectors and infrastructure. Le Nouveau Deal...

Author: /time Magazine | Title: As Obama Pushes a Stimulus, Europe Lags Behind | 11/25/2008 | See Source »

Good Glug. Beaujolais Nouveau arrives in stores and restaurants on Nov. 20. Vintner George DuBoeuf, who produces some 30 million bottles of the stuff a year, predicts a full-bodied vintage for 2008, since the September growing season was dry; the wine, which goes straight from the vine to your table without aging, is meant to be drunk immediately. Look for uncorking events in Miami, New York and Las Vegas, which will celebrate the wine's first tasting at 12:01 p.m., according to tradition and French law - or just check your local wine shop for the $10-$12 bottles...

Author: /time Magazine | Title: Travel News: Teeny, Tiny NYC Hotel Rooms for $99 | 11/14/2008 | See Source »

...proces-verbal, published in English as The Interrogation, a dark, wandering tale of a disaffected and possibly disturbed young man. It can be plausibly associated with the works of Sartre and Camus, but Le Clézio has never been easy to classify. Like the writers of the nouveau roman, he struggles with language itself and the ways contemporary life have drained it of meaning; he has often stated that his favorite novelists are James Joyce and Robert Louis Stevenson. Le proces-verbal was short-listed for the Prix Goncourt and won the Prix Renaudot...

Author: /time Magazine | Title: French Novelist Le Clézio: A Nobel Surprise | 10/9/2008 | See Source »

...pervasive today because for years the financial markets - and many borrowers - showed no fear at all. Wall Streeters didn't have to worry about regulation, which was in disrepute, and they didn't worry about risk, which had supposedly been magically whisked away by all sorts of spiffy nouveau products - derivatives like credit-default swaps. (More on those later.) This lack of fear became a hothouse of greed and ignorance on Wall Street - and on Main Street as well. When greed exceeds fear, trouble follows. Wall Street has always been a greedy place and every decade or so it suffers...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

Motorpsycho Nightmare It's 2012, we're told at the start. The U.S. economy has collapsed. Prisons have been privatized. The government rules with an iron fist, and the populace is sedated with violent entertainment. (Wait, this isn't futurism; it's a Daily Kos blog.) On a nouveau Alcatraz called Terminal Island, Warden Hennessey (Joan Allen, merging her purse-lipped Pat Nixon impersonation with the imperious tenseness of Dick Nixon in late-Watergate mode) is in charge of an annual televised car-nage held on a giant track within the prison. In this Death Race, lifers drive the souped...

Author: /time Magazine | Title: Death Race: Worth a Test Drive | 8/24/2008 | See Source »

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