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...season is around the corner, but its budget has dropped 28%. It's hard to celebrate in style when faced with a "very serious cash crunch," says executive director Jon Ulsh. And it's forcing arts groups to be ever more creative about where and how they look for support...

Author: /time Magazine | Title: Arts Groups in Tough Times Think Locally | 7/24/2009 | See Source »

...offered unusually long answers to the press. He was oddly free of passion and anger, given how intense the debate has become in the past few days, and he avoided any risk. He will likely have to add these ingredients soon to shake things up and counter flagging public support. (Read "Time for Obama to Step...

Author: /time Magazine | Title: Obama's Health Push: Too Few Details, Too Many Questions | 7/23/2009 | See Source »

...Although the U.S. has routinely opposed Israeli construction in East Jerusalem - President Bush's Secretary of State Condoleezza Rice called it "unhelpful" - Netanyahu appears to be betting that by very publicly challenging Obama on Jerusalem, he can rally support from those Jewish leaders in the U.S. who have lately expressed disquiet over the President's Middle East policies, and also from Christian conservative supporters of Israel. And the Israelis are plainly looking to make a campaign of it, with the mayor of Jerusalem being dispatched to the U.S. to rally opposition to the Administration's position on the city. (Read...

Author: /time Magazine | Title: Jerusalem Threatens Obama Peace Plan | 7/23/2009 | See Source »

...Even though Obama is backed by a vast international consensus - the key European powers, Russia and the U.N. have all publicly supported the U.S. position - Netanyahu clearly believes he can force the President to back down. And in doing so, the Israeli leader has taken a position from which he'll find it difficult to retreat. Netanyahu will get strong political support within Israel for standing up to Washington on Jerusalem (as he has done by resisting pressure for a settlement freeze), and he expects that the more symbolically powerful issue of the Holy City will win him support...

Author: /time Magazine | Title: Jerusalem Threatens Obama Peace Plan | 7/23/2009 | See Source »

...housing market of a few years ago - and on the brink of another crash. "The seeds are being sown for Asia's next bubble," HSBC economist Frederic Neumann said in a recent report. "The world has not changed, it just moved places." (Read "Asian Nations Step Up Support as Crisis Rolls...

Author: /time Magazine | Title: Asia's Easy-Money Policies: Fueling New Bubbles? | 7/23/2009 | See Source »

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