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...fiscal policies have left the country drowning in red ink. National debt is expected to rise to 125% of GDP in 2010, the highest in the euro zone. "If you want an example of a political élite that thought membership of the euro zone was a panacea," says Simon Tilford, chief economist at the Centre for European Reform in London, "you don't need to look further than Greece. They're in very serious trouble." (See pictures of the global economic crisis...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

...more tiresome habits in Latin America is over-emphasizing elections as a political panacea. A transparent vote is of course a good thing - but for too long the U.S. has given Latin countries the impression that it's the only thing, muffling the harder message that real democracy is what happens after elections. Critics may call Chávez an authoritarian Castro wannabe. Yet he's remained in power for 10 years, and may well last another 10, in part because he's exploited Washington's election obsession. He's been cleanly voted in three times and that's helped...

Author: /time Magazine | Title: Obama's Latin American Policy Looks Like Bush's | 12/3/2009 | See Source »

Jaime Villegas, captain of the 1982 Honduran soccer team that qualified for the World Cup, says he saw firsthand how his exploits on the field became a panacea for the country...

Author: By Mauricio A. Cruz, CRIMSON STAFF WRITER | Title: Visiting Professor Sees Homeland Through Soccer’s Lens | 11/3/2009 | See Source »

...never reach the market. That's due in part to legal hurdles - drugmakers fear that patients who take an addiction drug, then later overdose or develop another ailment, like cancer, may lay blame on the vaccine. Addiction experts also caution that no drug-based addiction treatment is a panacea, and that behavior-based quit programs must play a role. "It's good that they're doing this research, but we need to temper our enthusiasm," says Carl Hart, associate professor of psychology at Columbia University, who studies cocaine and other drugs. He notes that a vaccine cannot fight craving itself...

Author: /time Magazine | Title: Cautious Hopes for a Cocaine Vaccine | 10/7/2009 | See Source »

...expect to be waited on by staff who have mastered the art of exceeding expectations. Check in with a cough and you won't be sent a pack of lozenges but an array of Chinese medicinal soups from chef Ooi Soon Lok (although it turns out that his favorite panacea is actually hot Coca-Cola with ginger and lemon...

Author: /time Magazine | Title: Room at the Inn: Capella Singapore | 8/12/2009 | See Source »

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