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...probably being wildly over the top, but I do find this an incredibly encouraging place to be right now," says Nigel Haywood, Britain's consul general in the city. The transformation from battleground to bustling municipality has been so rapid that it's natural to question whether a return to violence might not be as swift. Major General Andy Salmon, the Briton who commands the multinational forces in the region, believes that a tipping point has been reached. "I am confident Basra is not going to go back to the previous darkness," he says...

Author: /time Magazine | Title: Rebuilding Basra | 2/19/2009 | See Source »

...salesman offered a pre-emptive discount, lest the surfing turn up the same model cheaper at Best Buy. That night, for the first time, I saw the Hyundai ad promising shoppers that if they buy a car and then lose their job in the next year, they can return it. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: In a Recession, the Consumer Is Queen | 2/19/2009 | See Source »

There's a chance that eventually we'll return all this kindness with the profligate spending the government once decried but now would like to harness to restart the economy. But human nature is funny that way. In dangerous times, we clench and squint at the deal that looks too good to miss, suspecting that it must be too good to be true. Is the store with the supercheap flat screens going to go bust and thus not be there to honor the "free" extended warranty? Is there something ... wrong ... with that free cheese? Store owners will tell you horror...

Author: /time Magazine | Title: In a Recession, the Consumer Is Queen | 2/19/2009 | See Source »

...will look at the country," says an official with an international aid agency. In the best case, the camps, under the monitoring eye of U.N. agencies, will be used as holding stations where the army can weed out any LTTE fighters who remain in hiding, before allowing civilians to return to the Vanni to rebuild the north. "In the worst-case scenario, they establish concentration camps for Tamils," the official says. There have been no reports of mass killings, but aid groups and human-rights workers say that they are troubled by reports of disappearances and that they cannot monitor...

Author: /time Magazine | Title: The Tigers' Last Days | 2/19/2009 | See Source »

...expanding Obama's initiatives on renewable energy and high-speed rail lines and raising the deficit to 10% of gross domestic product, the highest figure since World War II. But assuming the economy has begun to turn around, the two-year spending splurge would be followed by a steady return to fiscal sanity: Obama wanted to bring the deficit down to 3% of GDP--still a whopping $546 billion...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

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