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...less of it - and since reducing government proved impossible, as opposed to reducing taxes, there didn't seem to be all that much interest in actually making it work more efficiently. By contrast, Obama and his eclectic team of appointees give the impression of being positively intoxicated by the prospect of figuring out how everything works. Obama's closest aides like to say he isn't a "wonk" like Clinton, immersed in policy details to the point of immobility, but clearly the new President has a breadth and depth of policy interests, especially in comparison with his immediate predecessor...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

...offered to the world a similar prospect: "Know that America is a friend of each nation and every man, woman and child who seeks a future of peace and dignity, and that we are ready to lead once more...

Author: /time Magazine | Title: Barack Obama's Inaugural Address: Humility, Gratitude, Sacrifice | 1/20/2009 | See Source »

...Downing Street, which are used for the Prime Minister's press briefings. At this morning's sequel performance, when Brown and Darling presented their new emergency plan to try again to get banks lending, journalists were outnumbered by their hosts and attendant staff. In just a few months, the prospect of the government spending billions of pounds of taxpayers' money to shore up financial institutions and stimulate a drooping economy has gone from hot news...

Author: /time Magazine | Title: Gordon Brown Rescues British Banks — Again | 1/19/2009 | See Source »

...Scudders knew about him, they'd likely puree him for dinner. It almost seems as though we're about to head into some tough ethical territory, a sort of tween version of the 2008 critics' darling Wendy and Lucy, which featured Michelle Williams wrestling with the bleak prospect that her beloved dog might have a better life with someone else. Then Friday leads his young owners into an abandoned hotel, vacant but for two adorable stray dogs, and suggests, with a sidewise crook of his fluffy white head, that he'd prefer the Hotel Francis Duke to Chez Scudder anyway...

Author: /time Magazine | Title: The Family-Friendly Hotel for Dogs: One Paw Up | 1/16/2009 | See Source »

...prospect of a haphazard stimulus exploding the national debt is scary too - partly because we paid $450 billion in interest last year, rivaling what we spent on Medicare, and partly because our liabilities could crush us if foreign investors sour on Treasury bonds. That's why Obama's advisers want to focus on temporary initiatives that won't drown us in red ink by creating long-term obligations, which they call tails. It would be nice to give cash-strapped transit agencies enough money to reduce fares for a year, but what happens when the year is over? Similarly, some...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

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