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...persuasive, insistent language, the authors hoist one red flag after another. They also underline a worthwhile point: for all the grumbling about the deficiencies of the economic-stimulus package, it has have been the glue holding states' tattered budgets together. And the boost it has offered will inevitably wane. "Several revenue failures are generating a lengthy chain of acute budget gaps," the report notes. "Because the current state fiscal crisis began in FY 2008, many states are looking at a minimum of four to five years of deep fiscal problems." The headline of one ominous section - "The Foreboding Future...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...odds on a host of other issues. Indeed, even as Rudd talks about the inevitable dawn of an Asia-Pacific century with China at its helm, he is careful not to describe the new era as a zero-sum game in which U.S. power is bound to wane. "America has a great history of reinventing itself," he says. "I'm an unapologetic supporter of the United States ... because America is an overwhelming force of good for the world." In an early sign of goodwill, in April Rudd announced that Australia would send an extra 450 soldiers to Afghanistan - where...

Author: /time Magazine | Title: Mr. World: Kevin Rudd | 7/13/2009 | See Source »

Like a patient suffering from a particularly tenacious case of, well, the flu, the H1N1 virus seemed to gain ground and then lose it over the weekend, leaving health officials cautious but hopeful that the disease might be on the wane. The number of confirmed infections continues to rise, with the World Health Organization (WHO) reporting 898 infections in 18 countries as of May 3, and the Centers for Disease Control and Prevention (CDC) tallying 226 confirmed cases in 30 U.S. states. The continuing spread led Homeland Security Secretary Janet Napolitano to predict on Sunday that the WHO might soon...

Author: /time Magazine | Title: Was the Alarm over Swine Flu Justified? | 5/4/2009 | See Source »

...North Carolina textile industry stretch back more than a hundred years. In the early 1900s, his grandfather started Kings Mountain Cotton Oil Co., which consisted of a cotton gin, an oil mill, a coal yard and an ice plant--a business for every season. Those industries began to wane in the 1960s, so his father H.L. Patrick bought some used textile equipment and started Patrick Yarns, focusing exclusively on spinning industrial mop yarn...

Author: /time Magazine | Title: Spinning a New Strategy | 4/27/2009 | See Source »

...matter how beloved - produced negligent results. And while the Bush administration's 2002 goal of reducing all illegal drug use by 25% led to unprecedented numbers of marijuana-related arrests, pot use only declined 6% (and the use of other drugs actually increased). Drug trends tend to wax and wane, and a dip in the use of one type of drug might lead to a rise in another, causing officials to play a never ending game of narcotic whack-a-mole...

Author: /time Magazine | Title: The War on Drugs | 3/25/2009 | See Source »

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