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...Facing such a woeful economic outlook, E.U. monetary-affairs commissioner Joaquin Almunia has struggled to make the case for fiscal rectitude. He insists the pact is flexible enough to allow short-term stimulus programs. "During the recession, the pact is not about sanctions," he said last week. "But in the medium term, we need to continue a process of consolidation of the public finances. The rules were established for everybody and must be respected...

Author: /time Magazine | Title: Europe's Twin Messages: Spend! Stop Spending! | 2/24/2009 | See Source »

...secret that people like shorthand names. Bartholomew almost always becomes Bart, Alexander gets squeezed down to Alex and Margaret - inexplicably - turns into Peggy. Coca-Cola had barely dented the national consciousness before it was compressed to a short and sweet Coke. Ditto the National Biscuit Co., which sounds like a place that manufactures dog chew toys - until you abbreviate it to the scrumptious Nabisco...

Author: /time Magazine | Title: Would You Buy Xylitol? Why Some Names Scare Us | 2/24/2009 | See Source »

Though skeptical about the short-term benefits of the recent changes, Martel was optimistic about the office’s usefulness in the future...

Author: By Wendy Y. X. Chen, CONTRIBUTING WRITER | Title: As the Economy Takes a Fall, Career Diversity is On the Rise | 2/24/2009 | See Source »

...Oscar season. While Slumdog Millionaire predictably won eight of the 10 golden statuettes it was in the running for - including the Best Picture - even the low-profile Smile Pinki, a documentary about a girl from a village in India with a cleft lip, surprised with its win in the Short Documentary category. Indian TV anchors have been wildly ecstatic, but reactions outside newsroom are decidedly mixed. Some feel happy for Slumdog's Indian connection - especially for the awards for A.R. Rahman (best original score and for theme song Jai Ho) and Resul Pookutty (best sound mixing) - yet many feel...

Author: /time Magazine | Title: In India, Cheers and Jeers for Slumdog's Oscars | 2/23/2009 | See Source »

...have garnered an Oscar nomination. "If you take out the director and producer, it wouldn't even have got a nomination. This film won due to all the Danny Boyle hype." Harjot Singh, an IT expert with a Noida-based BPO, adds: "Smile Pinki, which won in the Best Short Documentary category, is also made by a U.S.-based filmmaker. I'm happy this has been India's season at the Oscars, but it is certainly not Indian cinema's." (See the 10 Indian films to treasure...

Author: /time Magazine | Title: In India, Cheers and Jeers for Slumdog's Oscars | 2/23/2009 | See Source »

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