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...year-long spree began will probably spend the rest of our lives dealing with its consequences - in economics, foreign policy, culture, politics, the warp and woof of our daily lives. During the '80s and '90s, we were Wile E. Coyote racing heedlessly across the endless American landscape at maximum speed and then spent the beginning of the 21st century suspended in midair just past the end of the cliff; gravity reasserted itself, and we plummeted...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...Last week, marked by uncharacteristic speed, the House passed a bill that would impose 90 percent surtax on bonuses paid to employees of companies that have received at least $5 billion in TARP funds if the employee's family income exceeds $250,000. In support of the bill, Obama said he is eager to receive legislation "that will serve as a strong signal to the executives who run these firms that such compensation cannot be tolerated." The Senate plans to vote on the bill this week...

Author: /time Magazine | Title: Why the People Who Broke the Financial System Will Profit | 3/25/2009 | See Source »

...called up at a keystroke and transmitted anywhere. Hospitals have been slowly converting to electronic health records (EHR) for several years, but with health-care reform, at last, high on Washington's to-do list, President Barack Obama has called for $19 billion in stimulus money to speed up the process. Before policymakers can determine how best to spend that money, however, they need to know how the digital switchover is going so far and what's holding things up. (Read about why going digital may increase health-care costs...

Author: /time Magazine | Title: Electronic Health Records: What's Taking So Long? | 3/25/2009 | See Source »

Tyres Though the return of slicks should increase a car's grip by 20%, the weaker downforce will make high-speed cornering trickier...

Author: /time Magazine | Title: Formula One: Behind the Wheels | 3/25/2009 | See Source »

...dispute that could lead to a trade war"; a "mini-trade war"; and the full, flaming "Obama's first trade war." This month's ban on Mexican truckers operating in U.S. territory quickly led to Mexico's imposing retaliatory tariffs on a wide range of American products. The speed with which the two governments have been willing to sacrifice free trade for a political spat has politicians and business lobbies south of the border increasingly worried about how well the fragile Mexican economy can survive the fracas - and how much stomach the country has for a confrontation with the still...

Author: /time Magazine | Title: Obama's 'Trade War': No Truck with Mexico | 3/25/2009 | See Source »

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