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...situation is (remarkably) not quite as bad as it is in west German regions such as the environs of Stuttgart, where almost half a million people have been put on short-term work since last October as auto and machinery factories have slowed production. The east has been somewhat protected because its firms don't export as much as their west German opposite numbers. An unmistakable streak of eastern stoicism helps, too. "I notice that when I'm in the west, the fear of this economic crisis is much greater than in the east," says Halle's Mayor Dagmar Szabados...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...boat. But when it comes to your investing life, it's time to get back into the water. "People think that things need to go from terrible to terrific before they can invest," says Fidelity's legendary stock picker Peter Lynch. "But things only have to get to somewhat crummy for stocks...

Author: /time Magazine | Title: How to Invest for an Economic Rebound | 5/18/2009 | See Source »

...archived results of this study, published for the first time in the June issue of The Atlantic, are somewhat underwhelming. Education, marriage, moderate alcohol intake, and exercise are fairly reliable predictors of happiness; so are certain “mature adaptations” taken in responding to challenges, such as maintaining a sense of humor and channeling aggressive feelings into more healthful channels like athletics. As for offering any definitive answer as to how to live the good life, no convenient elixir is forthcoming. That the study fell short of the bright-eyed ideals with which it commenced, however...

Author: By Jessica A. Sequeira | Title: Squeezing the Lemon | 5/14/2009 | See Source »

...while habeus corpus rights and the state's secrets privilege are somewhat abstract, everyone understands the power of the photographs from Abu Ghraib released in 2004. The American Civil Liberties Union sued in federal court under the Freedom of Information Act for hundreds of similar photographs. Strictly on legal grounds, it was an easy call for Attorney General Eric Holder's Justice Department to decide three weeks ago that - having fought the release of the photos in federal court, and lost, three times - that further appeals would be fruitless. So the Justice Department urged the Pentagon to strike a deal...

Author: /time Magazine | Title: Obama's Delicate Balance on National Security | 5/14/2009 | See Source »

Robert Turner, a law professor at the University of Virginia, took the somewhat charitable view that "good people, fearful for the safety of their fellow Americans, made bad decisions." That was echoed by Philip Zelikow, a former State Department lawyer who wrote a memo opposing the interrogation techniques. The CIA's program represented a "large collective failure" of both parties, Zelikow said. He called for an independent investigation along the lines of the 9/11 commission - which Zelikow himself directed. (Zelikow's previous claim that his anti-torture memo was suppressed by the Bush Administration didn't get much attention...

Author: /time Magazine | Title: Partisan Passions Dominate Interrogation Hearings | 5/13/2009 | See Source »

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