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Since the start of the year, the 16 European nations that make up the euro zone have watched their currency plunge to an eight-month low as a result of sovereign-debt panic. Greece, which is perhaps the weakest link in the European Union, was first to hit the wall on news that its deficit has ballooned to nearly 13% of GDP. Then last week, worry about debt default spread from Greece to Spain, Portugal and Ireland, where spending is similarly out of control. (See the best business deals...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

...brought to bear by Ho and a few of his football teammates. Equipped with a whiteboard to lead chants and enough newspaper to fill a room in Dunster for the crowd to read when the Princeton starters were being announced, Ho and company led the raucous student section from start to finish...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Crimson Relies On Sixth Man | 2/11/2010 | See Source »

...what I'd like to emphasize is there are some areas of potential agreement," Senate minority leader Mitch McConnell said in an e-mailed statement, after meeting with President Tuesday. Outside the White House, however, McConnell offered a different message in person. "What we need to do is start over," he said about health care reform. "Why would they want to keep pushing something that the public is overwhelmingly against?" (See pictures of Republican memorabilia...

Author: /time Magazine | Title: Obama and GOP Jockey for (Bi)partisan Advantage | 2/10/2010 | See Source »

...Obama announcing a bipartisan meeting on Feb. 25 to discuss a way forward on health care. Officially, Republicans are welcoming the opportunity, even as they stake out positions that effectively foreclose the possibility of meaningful compromise. "Really, right now, it's up to the President and Speaker Pelosi to start listening to the American people," the No. 2 House Republican, Eric Cantor, told Fox News Tuesday, when asked about the meeting. "If they don't, there's not much to talk about...

Author: /time Magazine | Title: Obama and GOP Jockey for (Bi)partisan Advantage | 2/10/2010 | See Source »

...successful, Micronesia will be the first nation to become a wholly protected area, adhering to development and conservation standards designed to safeguard the country's unique culture and rich marine biodiversity and kick-start its placid economy. According to Rice, who once operated an eco-tourism company in the Caribbean, developing high-end eco-tourism is the answer to F.S.M.'s perennial job shortage. Michigan State University (MSU) has already agreed to provide technical expertise for the park, and the National Geographic Society has also issued the project its stamp of approval. This spring, Pohnpei, one of F.S.M.'s four...

Author: /time Magazine | Title: Will Micronesia Be the First Nationwide Park? | 2/10/2010 | See Source »

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