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...This is partly because officially, Social Security is still running a substantial surplus and will be throughout the next decade, according to the CBO. A key source of that surplus, though, is interest payments on federal debt held by the Social Security trust fund. It's money that Social Security has definitely earned, but it's coming out of the rest of the federal budget. Same goes for employer contributions to Social Security for federal employees, which also boost the program's bottom line but not the government...

Author: /time Magazine | Title: Social Security's Surplus Disappearing Fast | 4/9/2009 | See Source »

...cyclical measures to ease the effects of the global crisis. In a way, it has been like the Tequila Effect in Mexico or the Asian financial crisis in the 1990s, in which confidence crises presented potentially catastrophic problems without a clear way out for governments that did not command trust from international markets...

Author: By Pierpaolo Barbieri | Title: Joining Euro(pe) | 4/9/2009 | See Source »

...desire of Pakistan's politicians to pursue a strategy that is seen as being independent of Washington. During Foreign Minister Shah Mahmood Qureshi's press conference with Holbrooke and Mullen, Qureshi insisted that there were "red lines" that Washington should not cross. "The bottom line is a question of trust," he said. "We are partners, and we want to be partners. We can only work together if we respect each other. There is no other way. Nothing else will work." Mullen agreed that the two allies should work toward a "surplus of trust," while Holbrooke said that "the United States...

Author: /time Magazine | Title: In the War Against Militants, U.S. and Pakistan Remain at Odds | 4/8/2009 | See Source »

...saying he was ill and should he get worse his son, Mark, who lives in Israel, would take over the investment business, which by my estimates handled between $500 million and $1 billion. Some were smart enough to pull out then, others, like my wife and I, continued to trust. If we pulled out, where would we put the money? In the caving stock market? In sinking real estate? In the bank? This seemed like a much safer bet, a bet that returned for over 30 years...

Author: /time Magazine | Title: How Madoff's Feeder Funds Stole My Retirement | 4/5/2009 | See Source »

...Pakistan expects that the U.S. will leave Afghanistan sooner or later, and it's not likely to trust Washington to secure Pakistani interests there. As long as Pakistan remains locked in strategic competition with India, it will seek influence in Afghanistan - an objective that arguably aligns it more closely with the Taliban than with the Karzai government...

Author: /time Magazine | Title: Will Pakistan Toughen Up on the Taliban? | 4/2/2009 | See Source »

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