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...that there is one at all should be troubling to the Treasury and the Fed. While the chances of American defaulting on any portion of its debt are small, if the recession drags on the odds that the government will have trouble raising money to finance the deficit will rise. To keep its credit rating, the American government will be faced with curtailing many of its stimulus programs or sharply raising the tax burden. Either action could slow any recovery making a burgeoning deficit a "Catch 22″ in which no alternative is acceptable...

Author: /time Magazine | Title: U.K. Debt Moves Sovereign Borrowing Issue Closer To U.S. | 5/21/2009 | See Source »

...biological concept of marketing: "Since about 1990, there have been two bloodless but momentous revolutions in human affairs: the collapse of Communism in politics, and the rise of signaling theory in biology. Both depended on the same insight: individuals work hard mostly because they want to show off to others, not for the good of the group. This tendency holds true in both organic evolution and human economics ... We've known since Darwin that animals are basically machines for survival and reproduction; now we also know that animals achieve much of their survival and reproductive success through self-advertisement, self...

Author: /time Magazine | Title: Sex Sells. Here's Why We Buy | 5/21/2009 | See Source »

...intriguing because she has some characteristics of both branches, which suggests that she could be a transitional animal that gave rise to the anthropoids and, ultimately, to us. "How transitional it is," says Novacek, "is a matter of debate and further study. I expected that from the beginning. The ratio of vertebrate paleontologists to actual specimens is high, which makes for a lot of theorizing." A specimen like this will reduce the theorizing, but in the end it may not settle anything...

Author: /time Magazine | Title: Ida: Humankind's Earliest Ancestor! (Not Really) | 5/21/2009 | See Source »

...Pelosi fueled her rise through Congress by always being overprepared - almost pathologically so. One of the most common phrases uttered by members about her is: "Nancy Pelosi probably knows more than the members themselves about X" - with X including everything from the names and ages of each member's grandkids to the demographics of their districts to the nuances of the latest global-warming bill. But Pelosi's current problems can be traced back to two ways in which she either failed to prepare or failed to let her homework speak for itself. (See pictures of Pelosi over the course...

Author: /time Magazine | Title: Self-Inflicted Wound: How Pelosi Got into the CIA Mess | 5/20/2009 | See Source »

...well as the Leader support the candidacy of women." Bayat added that her inspiration to become politically active was a visit she paid to Khomeini as a young student, in which she saw firsthand the "immense respect with which the Imam treated his wife." (See pictures of the rise to power of Ayatullah Khomeini...

Author: /time Magazine | Title: A Woman as President: Iran's Impossible Dream? | 5/20/2009 | See Source »

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