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Dates: during 2000-2009
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...year. Measuring the money supply in an era of financial innovation has turned out to be awfully hard, so in recent years believers in an automated Fed have turned to an equation concocted by Stanford economist John Taylor that takes in inflation, current economic growth and long-term-trend growth and churns out a suggested Fed interest-rate target. Taylor and some other conservatives have said that if the Fed had followed his rule in the early 2000s, all would be well today. There's no way of knowing if this is true, but it's hard...

Author: /time Magazine | Title: Dumbing Down Regulation: The Quest For Simpler Rules | 7/6/2009 | See Source »

...Well, fine. That makes sense enough for the time being. But what happens in 5 years? In 10? In 50? As Ha’aretz’s projection of 50 new settlement homes potentially turning into 1,450 suggests, Barak’s use of the nebulous term “where required” is a dangerous loose end, one that only serves to complicate the issue rather than coming anywhere close to solving...

Author: By James K. Mcauley | Title: An End in Sight? | 7/6/2009 | See Source »

...directive will certainly make the fight harder in the short term, but it is winning kudos from Afghans. "Already I am hearing a lot of positive feedback [about the Helmand operation]," says Afghanistan's Interior Minister, Hanif Atmar. "What was actually very well received and welcomed by the Afghan people was that [McChrystal] placed a benchmark for his success: he would like to measure his success in terms of how much he has protected the population, how much security he is providing them...

Author: /time Magazine | Title: Why Obama's Afghan War Is Different | 7/5/2009 | See Source »

...really sure where the term barbecue originated. The conventional wisdom is that the Spanish, upon landing in the Caribbean, used the word barbacoa to refer to the natives' method of slow-cooking meat over a wooden platform. By the 19th century, the culinary technique was well established in the American South, and because pigs were prevalent in the region, pork became the primary meat at barbecues. Corn bread emerged as the side dish of choice, owing largely to the fact that in humid Southern climates, corn grew better than wheat (which was prone to fungal infections). Barbecue allowed an abundance...

Author: /time Magazine | Title: Barbecue | 7/3/2009 | See Source »

...Olympics. It remains the best effort by a Peruvian team in Olympic sports - in any team sport - and the achievement catapulted its members to fame. Perez del Solar is one of two members of the 1988 team currently in Congress. Captain Cecilia Tait served in the previous 2001-2006 term. She was also inducted into the Volleyball Hall of Fame in Massachusetts a few years back. Despite the adulation of the volleyball team, it remains the preserve of women. Peruvian men don't play volleyball...

Author: /time Magazine | Title: In Peru Sports, Men Bumble, And Women Shine | 7/3/2009 | See Source »

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