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...bottom? Schwartz: I think that when the final date for the end of the recession is determined, it will be shown that it occurred sometime in the spring of this year. But I don't believe the recovery will be very substantial, and therefore it's hard to say the worst is behind us. A lot will depend on how consumers behave. Consumers have been saving and not spending, and the absence of a big surge of this spending is what will prevent the recovery from being robust. In addition, in so many industries there is overcapacity. More firms...

Author: /time Magazine | Title: Advice from an Economist Who Saw 1929 | 7/9/2009 | See Source »

...When you say limitations, do you mean the quality of health care won't be as good? The quality, the incentive to provide innovations in health care, will all be in danger by the government's intervention. A lot of people in Canada cannot get ordinary [surgical] procedures because there's a limit on what the government provision of health care allows. So people are lined up for years to get ordinary procedures that in America are just routine. You can get a hip replacement [here] without waiting for years, and you don't have to be a celebrity...

Author: /time Magazine | Title: Advice from an Economist Who Saw 1929 | 7/9/2009 | See Source »

...public benchmarks? They are fairly broad. The progress in governance, reduction in corruption. I think our job and my job is to have the best outcome I can for Afghanistan. So I think I am partnered with a lot of people - Karl Eikenberry, the ambassador - and you can't say, O.K., you are security, you are governance - that won't work. They overlap so much that you have got to be partnered. And down at the lowest levels where the captains and sergeants are operating, it's absolutely overlapped...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

...have lost at least seven men to IEDs since you arrived. What does this say about the way we fight this war? What they are doing is multi - for one, they have found a tactic that can create casualties. They found a tactic that they don't have to stand and fight against Afghan and coalition forces. They have found a tactic that can be employed by anyone, any age, any sex, whatever. More importantly, we have to look at what this tells us about their capabilities and intent. We know that IEDs have a tremendous psychological impact on everyone...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

...that? In the most basic way, we provide an environment in which they can set up enough rules of law and have justice. But we can't just go in and say, "O.K., we provided security, you guys have a good day," and walk away. It's so interrelated that we have to do it in partnership with the Afghan government and all the different agencies that bring expertise to help set up rule of law. It's got to be done in partnership. If you go in and provide security, and there is a lag in the time...

Author: /time Magazine | Title: TIME's Interview with General Stanley McChrystal | 7/8/2009 | See Source »

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