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...programs currently being created by the national government will be failures if Phelps and his colleagues are right. Or, better said, the programs will only build jobs for a short period. The rise in employment because of federal intervention will disappear when the government can no longer afford to pay for the buttressing or the electorate turns against the deficit that the spending programs build. The Administration's plan, which has been so heatedly debated, to save 3 million to 3.5 million jobs, will only be an elaborate trestle with its base set on limestone...

Author: /time Magazine | Title: Despair and the Vision of the New Economy | 5/5/2009 | See Source »

...orders to suppliers by enough that it would ruin a large number of the businesses. These businesses supply the assembly lines of foreign and domestic car manufacturing facilities around the country. The suspension of building vehicles will actually help The Big Three reduce inventory, but that is a short-lived benefit that ends the moment the companies need to begin to begin production again...

Author: /time Magazine | Title: Chrysler Makes a GM Bankruptcy Harder | 5/4/2009 | See Source »

...First, that Thatcher knew exactly what she wanted. She was extremely smart, with a stunning grasp of policy detail and extraordinary powers of concentration. But she evaluated policy options against a very short set of criteria. Did a proposal reduce taxation or increase it? Did it expand economic freedom or restrict it? Did it strengthen Britain's role in the world or diminish it? Did it reward initiative or encourage dependency? Keeping things simple enabled her to maintain focus on what she really wanted to achieve...

Author: /time Magazine | Title: Three Things Obama Could Learn from Thatcher | 5/4/2009 | See Source »

...Seattle, Mars Hill churchgoers regularly tweet throughout the service. In New York City, Trinity Church marked Good Friday by tweeting the Passion play, detailing the stages of Jesus' crucifixion in short bursts. At Next Level Church, outside Charlotte, N.C., it's not only O.K. to fuse social-networking technology with prayer; it's desirable. (See pictures of John 3:16 in pop culture...

Author: /time Magazine | Title: Twittering in Church, with the Pastor's O.K. | 5/3/2009 | See Source »

...film's singular stupidity is that it presents as reprehensible all those traits - smooth talk, adventurous spirit and short romantic attention span - that McConaughey's core audience loves him for. They want him to play what he seems to be: a Doctor McDreamy who makes house calls, lays gentle, knowing hands on the patient, then moves on to his next erotic appointment. Sure, his fans can imagine for a second that he will settle down with them as he does at the end of his movies with Lopez or Hudson or Parker or Garner. But he'll have to leave...

Author: /time Magazine | Title: The McConaughey Mystery: King of Hunks | 5/2/2009 | See Source »

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