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...beginning of the bill, the authors write: "Since 2001, as worker productivity went up, 96% of the income growth in this country went to the wealthiest 10% of society. While they were benefiting from record high worker productivity, the remaining 90% of Americans were struggling to sustain their standard of living. They sustained it by borrowing ... and borrowing ... and borrowing, and when they couldn't borrow anymore, the bottom fell...

Author: /time Magazine | Title: A Guide to Reading the America Recovery and Reinvestment Bill | 1/22/2009 | See Source »

...Walter Lippmann famously wrote that "foreign policy consists in bringing into balance, with a comfortable surplus of power in reserve, the nation's commitments and the nation's power." By that standard, U.S. foreign policy is in Chapter 9. No matter what grand visions Obama may harbor to remake the world, the central mission of his foreign policy--at least at first--will be to get it out of the red. Call it the solvency doctrine...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

...standard pursuits for ex-Presidents include writing books, launching foundations, going fishing - and making money. George Washington returned to Mount Vernon to find it in a terrible state. He had to sell off land to make repairs, since eight years away had "despoiled my buildings but also deranged my private affairs." Truman, who had only modest savings and $112.56 a month from his Army pension, had to take out a bank loan in his last couple of weeks in office and could barely afford the stamps to answer all the letters that came in. It wasn't until 1958 that...

Author: /time Magazine | Title: Is There a Second Act for George W. Bush? | 1/21/2009 | See Source »

...those mostly minor snafus will quickly be forgotten. As transitions go, Obama has set a new standard for smooth. And apart from the tricky business of replacing one Administration with another, this transition succeeded at something equally as meaningful. It transformed the nation's mood from grim to just a little optimistic...

Author: /time Magazine | Title: In Transition, Obama Comes Up Aces | 1/20/2009 | See Source »

JEEP PATRIOT An electric SUV concept car that charges by plugging into a standard wall outlet...

Author: /time Magazine | Title: The World | 1/15/2009 | See Source »

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