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The deferring of critical decisions about how to rescue the financial system, housing, rising unemployment, and consumer spending will be blamed on the months of transition between the election of a new president and his inauguration. The observation is fair but it is also pointless. If a runaway train is...

Author: /time Magazine | Title: American Attitudes and the UK Economy | 1/19/2009 | See Source »

It is an article of faith among economists that rising global protectionism intensified the Great Depression of the 1930s. History looks back at the infamous Smoot-Hawley Act, which jacked up tariffs in the U.S., as a disastrous step that stymied the international economic cooperation needed to alleviate the worst...

Author: /time Magazine | Title: The Threat of a Global Trade War | 1/19/2009 | See Source »

Israel was facing rising international outrage over its Gaza offensive, in which, according to Palestinian health workers, nearly one-third of those killed were women and children. In trying to root out Hamas fighters, Israel subjected the Gaza Strip, which teems with more than 1.5 million Palestinians, to scorching fire...

Author: /time Magazine | Title: Will the Gaza Cease-Fire Last? | 1/18/2009 | See Source »

For example Paul S. Grogan of the Boston Foundation should, with university and community partners, convene a series of forums to launch a two pronged attack on the rising homicide rates among Black youth: studying the implications of this fact for local public policy and neighborhood action, second, launching a...

Author: By Eugene F. Rivers iii | Title: Harvard and the Boston Miracle | 1/16/2009 | See Source »

But even by such appalling standards, the Televisa attack stood out in the way the assailants so blatantly tried to dictate the coverage of Mexico's television giant, which is probably the most powerful media organization south of the Rio Grande. Earning about 75% of Mexico's broadcast advertising, Televisa...

Author: /time Magazine | Title: Mexico Media on High Alert After Attack on Televisa | 1/15/2009 | See Source »

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