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...handle. Argentina, Russia, Mexico and others have stiffed their bankers over the past 30 years. In fact, the sovereign-debt crisis goes back as far as the concept of the sovereign state. The first recorded government default took place in the 4th century B.C., when Greek municipalities failed to pay back loans granted by a temple. (Read "The Party's Over for Spendthrift Greeks...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...That help has a price. European ministers are insisting that Greece implement a severe austerity plan to quickly reduce its fiscal deficit. Papandreou has already promised pay cuts for public employees and tax hikes, but his European counterparts are demanding an even stricter program. That presents a huge test to his regime. Government workers have already staged strikes to protest Papandreou's plans. So far, he's held firm. A recent poll showed that two-thirds of Greeks believe the Prime Minister's measures are necessary; only 41% think they go far enough. "The government has seen the problem...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...Easy Answers A program as progressive as wellspring's is bound to have some kinks. Like most other weight-loss programs, Wellspring is not covered by any health insurance plan. Many families find themselves taking out loans to pay the $6,250-per-month tuition. "A lot of parents use their kids' college money," says Craig. Its prohibitively high cost makes the place inaccessible to many Americans who could benefit, especially since the highest obesity rates are found in low-income areas. But Wellspring kids are far from wealthy. Fedorchalk's mother and father, who work at a nursing home...

Author: /time Magazine | Title: Does Obesity Rehab for Kids Work? | 3/1/2010 | See Source »

...pay attention to who is coming in, and we give them respect in knowing who they are,” Buesser said. “But on the same token, this weekend is about us, and that’s what we are focusing on right...

Author: By Stephanie E. Herwatt, CONTRIBUTING WRITER | Title: Playoffs Kick Off Against Tigers | 2/26/2010 | See Source »

...said. "We haven't had a good life the last 40 or 50 years because of the war." Using a figure widely brandished in Greece as an estimate of Germany's war-related debt to the country, he called for Germany to "give us ?70 billion to pay us for the war. That would solve all our problems...

Author: /time Magazine | Title: Greece's Debt Crisis: Blaming Nazi Germany | 2/26/2010 | See Source »

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