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...that they've lost their monopoly on power, many Republicans are warning that spending-fueled deficits will cause inflation, reduce demand for U.S. Treasuries and shaft future generations. They don't seem so worried about an imminent depression, which would explode deficits in addition to the shorter-term pain, and their newfound fear of borrowing has not cooled their ardor for budget-busting tax cuts. "They talk about fiscal restraint, but they've got an atrocious record, and they've still got atrocious plans," says Robert Bixby, executive director of the nonpartisan Concord Coalition...

Author: /time Magazine | Title: One Year Ago: The Republicans in Distress | 5/7/2009 | See Source »

...amateur boxing, fighters wear head protection and bouts are much shorter than in professional boxing. The emphasis in the sport is on scoring points, rather than knocking one’s opponent out, and organizers stressed the relative safety of the event...

Author: By Brian Mejia, CONTRIBUTING WRITER | Title: Harvard Boxing Sees Revival | 5/1/2009 | See Source »

...major poetry prizes—the Pulitzer, the National Book Critics Circle Award, and the National Book Award—for his collection “Self-Portrait in a Convex Mirror.” Since then, he has continued to innovate, experimenting with double columns, shorter forms, and artistic perspectives...

Author: By Jessica A. Sequeira, CRIMSON STAFF WRITER | Title: Portrait in a Crimson Mirror: JOHN ASHBERY ’49 | 5/1/2009 | See Source »

...foreign investments and corporate taxes was plowed into public housing, health care and public education. "Now the government is using some of its enormous wealth to mitigate the pain for its citizens," says Daiwa's Basu. Welcome news to everyone in Singapore, no doubt, except for those hoping for shorter lines into the city's hottest bars and restaurants...

Author: /time Magazine | Title: Riding Out the Economic Storm in Singapore | 4/28/2009 | See Source »

...golf cart, waving to campers she knew from years past and stopping to answer questions. "Camping is a cheap way for people with kids to explore new things," she said. "Kids have as much fun here as they do in Disneyland." At least the lines for the restrooms are shorter...

Author: /time Magazine | Title: Camping for the Hotel Set | 4/23/2009 | See Source »

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