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...onset of his conservative age by saying "Government is the problem," Obama announced the arrival of a prudent new liberalism: "The question we ask today is not whether our government is too big or too small but whether it works - whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified." Conservatives assume such tasks - employment, health care, retirement - are the province of the market. We have had 30 years of paeans to the wonders of free enterprise, but Obama made it clear that markets are not an unalloyed good: "This crisis...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

...ground has shifted beneath them - that the stale political arguments that have consumed us for so long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works - whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. And those of us who manage the public's dollars will be held to account - to spend wisely, reform bad habits...

Author: /time Magazine | Title: Obama's Inaugural Address: The Full Text | 1/20/2009 | See Source »

...that way. Last month, hundreds of them protested forced-leave policies in front of the Council of Labor Affairs in Taipei. Since then, the council, a government agency, has required employers to amend employee contracts to reflect the reduced hours and to guarantee that income stays above minimum wage for workers facing severe cuts...

Author: /time Magazine | Title: Forced Vacations for Taiwan Tech Workers | 1/20/2009 | See Source »

...fair, it's hard to write music about the economy. No one has ever come out with a great "Invisible Hand" anthem or a theme song about price elasticity and wage rates. But that doesn't stop Young from trying; parts of his 2008 world-tour concerts were peppered with angry rants about the financial collapse. In November he even released his own plan for saving the U.S. auto industry. Young aimed to tackle "the issue of global warming from our automobiles while enhancing our national security and keeping Detroit working." Wow, did the Woodstock generation get boring, or what...

Author: /time Magazine | Title: Neil Young's Bailout Song | 1/16/2009 | See Source »

...President Bashar al-Assad warned Israel in a television interview that Israel's attack on Gaza is "sowing seeds of extremism" around the Arab world. His words may prove prophetic: yesterday an audio message purportedly from al-Qaeda's fugitive leader, Osama bin Laden, surfaced calling on Muslims to wage a holy war against Israel. With reporting by Jamil Hamad/Bethlehem and Aaron J. Klein/Jerusalem...

Author: /time Magazine | Title: Egypt Works to Broker a Hamas-Israel Cease-Fire | 1/14/2009 | See Source »

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