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Loose confederacies often come apart under pressure. There are now divisions forming in the European Union based on whether the countries in that alliance should put larger and larger sums of money into the credit and banking markets and their budgets to help slow the recession, or keep stimulus activities modest and have faith that free market systems will cause the economy to recover on its own without taking the world to Hades in the process...

Author: /time Magazine | Title: Why Europe's Criticism of the Stimulus Got Out of Hand | 3/26/2009 | See Source »

...arise and disappear as fast as strip-mall stores. Women have come close to achieving real equality; being gay has become astoundingly public and unremarkable. And speaking of shaking off addictions, half again as many of us smoked cigarettes in the early '80s. We watched (and helped) the Soviet Union and its European empire collapse and watched (and helped) China change from a backward, dangerous Orwellian nation into a booming, much less Orwellian member of the global order. During just the past 15 years, we've managed to reduce murders in New York City by two-thirds; grown accustomed...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...congressional votes on the stimulus package and the redoubled ferocity of brain-dead partisans. But a majority of Americans out in America are dialing back or turning off their ideological autopilots, thanks to the economic crises, Obama's approach and the post-Cold War realities. With the Soviet Union gone and China socialist in name only, the specter of communism is no longer haunting us, and charges of socialism have lost the political power they had for most of the past century. Rather, it's suddenly capitalist piggishness that provokes genuine rage. When nearly half the House Republicans vote...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...health-care reform. But it wasn't initially clear that he was the ideal point man for the overall effort. "People had been concerned that [Baucus] was not as knowledgeable about the full breadth of health care," says Andy Stern, head of the Service Employees International Union, which has been at the forefront of the drive for health-care reform. "But he's there. He understands the contours of the debate. He understands the nuances involved. He's pushing everybody at a relentless speed. Without him, we wouldn't be where we are today...

Author: /time Magazine | Title: Max Baucus Is Mr. Health Care | 3/26/2009 | See Source »

...tried to pressure the Czech public television broadcaster to drop a program criticizing a former member of the opposition Social Democrats who had decided to back the coalition. But the toppling of Topolanek is not just a Czech issue. With the Czechs currently holding the presidency of the European Union, the consequences of this vote could resound far beyond Prague and deep into Brussels. (See pictures of Prague...

Author: /time Magazine | Title: Czech Government's Collapse Hits the E.U. | 3/25/2009 | See Source »

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