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...Goldilocks types are ignoring some macroeconomic realities that threaten this rosy outlook. We are now entering the sixth year of an unusually broad and long-lived global expansion. Thanks largely to easy monetary conditions in the U.S. and elsewhere, this expansion has resulted in the build-up of huge economic imbalances that are unsustainable over the long term. These include the U.S. trade and current-account deficits, the accumulation of $3 trillion in monetary reserves by Asian central banks, excessive debt growth and leverage around the world, and growing income and wealth disparities. A sudden, sharp reversal...

Author: /time Magazine | Title: Cruising to Disaster | 1/18/2007 | See Source »

...those who value pluralism and a strong press, it was a grave set of developments. Now, as laughter subsides from the latest incident of tom-foolery, Australians are left to ponder the bleak outlook for 2007 and fear the future of the country’s besieged media...

Author: By Bede A. Moore | Title: Drunken Displays, Media Moguls | 12/19/2006 | See Source »

...Whatever its outlook, the fact remains that there isn't much Russia can do about North Korea, for the simple reason that it lacks leverage over Pyongyang. On the diplomatic front, China is calling the shots; Russia's priority is simply to avoid being sidelined altogether from this key north Asian diplomatic initiative...

Author: /time Magazine | Title: Russia Tries to Look Relevant | 12/18/2006 | See Source »

...believe that the decision makers in America should change their outlook. What they are thinking is only their own interests. They do not consider any value for the people of the region. They should believe that the Iraqi people are also human beings. They can run their own affairs by themselves. They have no need for a guardian. If the outlook of the of the American management is changed, then ways will be found for solving the problem...

Author: /time Magazine | Title: Ahmadinejad's Ambitions | 12/14/2006 | See Source »

Harvard returned to a pre-e-mail age yesterday when the Faculty of Arts and Sciences servers malfunctioned. Users of IMAP e-mail programs such as Eudora, Outlook, and Thunderbird notified FAS Computing Services of access problems as early as 9:30 a.m., and all FAS servers crashed around 10:45 a.m. for nearly seven hours, according to Supervisor of Residential Computing Erin Nettifee. Students could not visit any FAS Web sites and were able to access their FAS e-mail only intermittently throughout the day until the system was fully restored by 6:30 p.m. The Computer Services staff...

Author: By Elaine Liu, CONTRIBUTING WRITER | Title: Server Crash Slows College for Seven Hours | 11/30/2006 | See Source »

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