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...Democrats are gearing up for the first skirmishes in what promises to be a war to remake the U.S. economy. Fights are breaking out within the parties too. Liberal and centrist Democrats are arguing over how fast to push their agenda. Republicans in the Bush Administration and Congress are split over whether to continue deep intervention in the markets. (Read "10 Things to Do with Your Money Right...

Author: /time Magazine | Title: Congress Returns — and So Do Economic Fissures | 11/17/2008 | See Source »

...Turco said to rookie players as they gathered around him on the school's small turf playground. "Your will to accomplish something you don't understand and just say, 'I'm going to prove I can do this.' " With the backdrop of classic Harlem brownstones behind them, the students split into lines and learned basic skills, such as passing and scooping the ball, while Turco called out instructions. "I never see them listen to anyone like this," said Anderson from the sidelines. "This is really something...

Author: /time Magazine | Title: Lacrosse 110th Street | 11/16/2008 | See Source »

Where, might you ask, does demand and supply of the commodity come into play? Maybe in an economics textbook somewhere. Perhaps the credit crisis will slow demand somewhat, but certainly not enough to split the price in half. True, recession may be upon us, and that might help justify lower oil prices, but that fear is not the real story behind the fall. Remember: it was not great prosperity that doubled the price...

Author: /time Magazine | Title: What Caused the Big Slide in Oil Prices | 11/14/2008 | See Source »

...agree. Even among Democratic Party economists, the divide that existed during the Clinton years between deficit hawks like Robert Rubin and free spenders like Robert Reich has largely evaporated, as everyone has embraced a bigger government role. Today it's Republicans who - though more unified on cultural issues - are split badly between upscale business types who want government out of the way and pro-government conservatives who want Washington's help. If Obama moves forcefully to restore economic order, the Wall Street Journal will squawk about creeping socialism, as it did in F.D.R.'s day, but many downscale Republicans will...

Author: /time Magazine | Title: The New Liberal Order | 11/13/2008 | See Source »

...Under the terms of the agreement, Mugabe and Tsvangirai would share power, with Mugabe as president chairing the National Security Council and Tsvangirai as prime minister chairing the Council of Ministers. The two would split control over the government’s key ministries. Most significantly, Mugabe and his Zimbabwe African National Union-Patriotic Front (Zanu-PF) would retain control of the army and national defense, while Tsvangirai’s Movement for Democratic Change (MDC) would be in charge of daily operations and home affairs. Tsvangirai considers the latter cabinet essential given its control of the police, who were...

Author: By Alexander R. Konrad | Title: Optimism’s Test | 11/12/2008 | See Source »

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