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Such is the danger of the analogy-packed way we choose to discuss the economy. We talk of the housing "bubble," of stocks "skyrocketing" and "cratering," of the credit "crunch," of the possibility of "zombie" banks. These are not rigorous terms. And yet through them we view the world - often in imprecise, flawed ways that don't even necessarily carry the same imprecise, flawed meanings from person to person. From there we make some pretty hard-core decisions. If we hadn't so consistently been talking about the potential for financial "collapse" or economic "free fall" late last year, maybe...

Author: /time Magazine | Title: 'Green Shoots': The Trouble with Economic Metaphors | 5/22/2009 | See Source »

...editor-at-large of the Oxford English Dictionary (OED), Jesse Sheidlower has a bird's-eye view of how words do - or don't - make their way into the book that defines the English language. The past year has seen such additions as subprime and credit crunch. Those words had been around for quite some time, but it took a while for the OED to give them their own entries. "We're not going to just put in buzzwords," says Sheidlower. "We're not going to put in something that will go away three months from now." Which is perhaps...

Author: /time Magazine | Title: 'Green Shoots': The Trouble with Economic Metaphors | 5/22/2009 | See Source »

...Yushchenko's moves to bring attention to the crimes of the past have been well received by many in Ukraine, whose citizens suffered widespread political repression under the Soviet regime. "People need to know the history of their own country, not the distorted Soviet view," says Roman Krutsyk, president of the Kiev-based NGO Memorial, which documents Soviet political repressions. "Yushchenko's biggest achievement is that he brought up the question of our history...

Author: /time Magazine | Title: Russia and Ukraine Battle Over Their Shared History | 5/22/2009 | See Source »

...just view this as not a door closing, but huge doors - many, many, many, many doors opening in so many ways. It just, to me, it seems odd to ... but I think the point made is a point that needs to be discussed among people who are really sacrificing and giving up and feeling like they're being shortchanged in their lives...

Author: /time Magazine | Title: Interview with the First Lady | 5/21/2009 | See Source »

...report has raised questions about the order's future - and that of other religious congregations in Ireland. In an increasingly secularized country, what place do religious orders have, now that their reputations are in tatters? "It is a major crisis for us from a public-perception point of view," says Garvey. "There were people who believed they were doing the very best for these kids, but that was ruined by the unconscionable actions of a number of people. Is it irreparable damage? I would hope not, but there is a huge task of reconciliation and helping damaged people [repair] their...

Author: /time Magazine | Title: For Ireland's Catholic Schools, a Catalog of Horrors | 5/21/2009 | See Source »

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