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Last week, the Greek government announced a series of painful austerity measures aimed at tackling a budget crisis so serious, it once seemed like the entire country could go bankrupt. Likening the need to drastically increase tax revenues and cut spending to a "wartime situation," the Socialist Prime Minister, George Papandreou, promised to take whatever steps were necessary to ensure the economic viability of the state. On Thursday, the country got a taste of how painful the process will...

Author: /time Magazine | Title: Greek Austerity Measures Spark Rising Protests | 3/11/2010 | See Source »

...Hill. Beck, who has called such proposals a "huge mistake," put his hand over his mouth, as if he were holding back an upset stomach. Massa, who has opposed Obama's health reform because it is not liberal enough, told Beck that he should stop calling people names like "socialist" and "communist." "You can be a progressive and be a fiscal conservative," Massa then explained, as Beck lost control of his own program...

Author: /time Magazine | Title: The Massa Circus Takes the Air out of Glenn Beck | 3/10/2010 | See Source »

...order concept." Obama, she adds, belongs to a plutocratic cabal that manufactures crises for personal profit, foisting scams like health care reform and global warming on U.S. taxpayers to depress the economy. "Look at who his czars are," she says. "He's tied very closely to George Soros, European socialist organizations, Howard Dean. These people all play into this one-world order, one-world money system. And it's to make money for them." In an assessment of the candidates, Tea Party leaders note that Morton has "passion to loan." The same could be said of Nigel Coleman, chairman...

Author: /time Magazine | Title: Will Too Many Tea Partyers Spoil the Revolution? | 3/10/2010 | See Source »

Bachelet, a moderate socialist who remains remarkably popular in Chile, hands her office to conservative President-elect Sebastián Piñera on March 11. She is expected to ask U.S. Secretary of State Hillary Clinton for a relatively small amount of American aid when Clinton visits Chile on Tuesday during her previously scheduled tour of Latin America this week. Clinton will no doubt praise Bachelet's leadership during the emergency - as most Chileans have, despite the apparent tsunami mishap. It will be up to Piñera to put mechanisms in place to make sure Chile...

Author: /time Magazine | Title: Chile: Prepared for the Quake but Not the Tsunami | 3/1/2010 | See Source »

Politicians have thundered their outrage too. Greece's deputy prime minister, socialist stalwart Theodoros Pangalos, told the BBC that Germany still owed Greece for stealing its gold during World War II. Parliamentary speaker Filippos Petsalnikos summoned the Germany ambassador to discuss the "offensive" coverage of the crisis in the German press...

Author: /time Magazine | Title: Greece's Debt Crisis: Blaming Nazi Germany | 2/26/2010 | See Source »

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