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...punishment - it can impose on Greece. Allowing the country to default, or to approach to the International Monetary Fund for emergency funds, would deal a huge blow to the credibility of the 11-year-old euro zone. Whatever financial concessions it can offer, therefore, will almost certainly come with stiff conditions. Greece may have little option but to accept...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

...closest match of the day came at the No. 4 spot. Junior Alisha Mashruwala had little trouble winning the first two games 11-3 and 11-6 before facing stiff competition from Cornell’s Rebecca Hazell. Mashruwala held on to win the third set 13-11 after a cycling of points that almost saw Harvard drop a game. At the no. 8 spot, junior Bethan Williams had no trouble in seeing off Big Red’s Clare Berner...

Author: By Brian A. Campos, CRIMSON STAFF WRITER | Title: No. 2 Harvard Rolls Past No. 6 Cornell in 9-0 Fashion | 12/7/2009 | See Source »

While the Anglophile sheik kept a stiff upper lip, Dubai's inability to pay its debts is a heavy blow to an ego that easily dwarfs Dubai's gleaming new 160-story skyscraper. In the wake of the 2008 global financial meltdown, Sheik Mohammed repeatedly waved off predictions of Dubai's demise, staunchly defended his economic development model and dismissed Western media criticism as a bigoted slur on an Arab success story. "I can safely say that we have succeeded in containing the risks of the global financial crisis in record time," he said last April. Indeed, even...

Author: /time Magazine | Title: Dubai's Woes a Blow to Ambitious Ruler Sheik Mo | 12/1/2009 | See Source »

...selfish act. "I don't want to just survive," the Woman tells the Man, and The Road creates such a seamless vision of misery that it persuades you she was right. See it if you have the strength, but if your friends turn you down, arm yourself with a stiff drink on the way in; fortification is needed...

Author: /time Magazine | Title: The Road on Film: Beautiful, Bleak | 11/30/2009 | See Source »

...average working stiff, it was a pretty lousy 10 years. The median household income in 2000 was $52,500. Last year (the most recent year available) it was $50,303. And given that the unemployment rate has climbed to 10.2%, income will almost certainly drop again this year. Low-income Americans fared even worse. In 2000, 11.3% of Americans were living below the poverty line. By 2008, that number had risen to 13.2%. Meanwhile, the percentage of Americans without health insurance increased from...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

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