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...both chambers of Congress. The President made an unprecedented trip to the Hill to meet with the Republican conferences, invited select GOP Senators to meet him with him in the Oval Office, at times one-on-one, and called numerous senators to convince them to come on board. In recent days, though, as the bill languished before the Senate his tone turned sharper. "The American people did not choose more of the same," Obama said at a White House meeting Friday announcing his Economic Recovery Advisory Board. "They did not send us to Washington to get stuck in partisan posturing...

Author: /time Magazine | Title: Barely Bipartisan, a Stimulus Deal Is Done | 2/7/2009 | See Source »

...mass layoffs that are part of the daily news increase, economists and analysts will begin to ask how all of those people came to be employed in the first place. Recent data show that jobs cuts actually increase productivity, at least to a point. At some successful companies, it appears that adding personnel was just poor expense management...

Author: /time Magazine | Title: Who Hired All the People Getting Laid Off? | 2/6/2009 | See Source »

...money, report how they were spending it or loan it out to free up credit markets. But it's not all bad news. The fact that the special inspector general's office exists is an important sign that the Treasury Department realized the limits of its abilities. Recent and future TARP outlays have a whole new set of stringent reporting requirements. The inspector general's report doesn't give super-high marks to the program so far, but it does provide a blueprint of how it should be run going forward. Still, as the report indicates, "the long term success...

Author: /time Magazine | Title: TARP Oversight Report | 2/6/2009 | See Source »

...trade policymakers, a resonant message from the recent World Economic Forum conference in Davos, Switzerland, was the need to guard against protectionism amid the global financial crisis. Indian Trade Minister Kamal Nath led a chorus of Davos voices warning that governments, desperate for measures to preserve their slumping domestic industries, might move to restrict imports to ease competitive pressures - a formula that in the past has only exacerbated economic downturns by sparking commerce-killing trade wars...

Author: /time Magazine | Title: India Launches a Toy Trade War With China | 2/6/2009 | See Source »

...been forced to read a statement handed to him. Khan also claimed that the army had colluded in at least one nuclear transaction - a charge Musharraf angrily denied. The Islamabad High Court swiftly muzzled him in July 2008, denying any future access to the media. But over recent months, he began writing a regular newspaper column, "Random Thoughts," a platform he has used to rail against Musharraf's campaign against militancy and to fondly recall decades past, when he had the ear of Pakistan's leaders. Despite what she believes are restrictions on his ability to speak out, his wife...

Author: /time Magazine | Title: Freedom for Pakistan's Nuclear Proliferator | 2/6/2009 | See Source »

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