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There are two main reasons for regret - one practical and one symbolic. The practical point is best made by the phrase: the West made them do it. Yes, some of the countries on the brink of collapse have brought disaster on themselves. Places such as Latvia and Bulgaria have run massive current-account deficits and are now paying the price. But the ability to borrow and spend so much comes, in part, because the countries had opened up their capital accounts and sold off their banks to Western Europe at the E.U.'s urging. Financial liberalization and free trade were...

Author: /time Magazine | Title: Solidarity's End | 3/5/2009 | See Source »

...normal college student doesn’t love a night of ridiculous drunken fun? If I was Asher Roth and this was my college experience, I’d find some real friends, hopefully kiss the hot girls playing poker, and never ever leave. Apparently Roth, a real life West Chester University dropout, is not one to practice what he preaches. Perhaps a few more years in school will teach him proper Saturday night social conduct. —Victoria J. Benjamin

Author: By Victoria J. Benjamin, CRIMSON STAFF WRITER | Title: POPSCREEN: Asher Roth | 3/5/2009 | See Source »

...href='http://www.taxpayer.net/resources.php?category==Project_id=2049=Headlines%20By%20TCS Taxpayers for Common Sense database makes clear, that the most prolific earmarkers tend to be the most egregious porkers - Republicans like Thad Cochran of Mississippi, Christopher Bond of Missouri and Lisa Murkowski of Alaska, Democrats like Mary Landrieu of Louisiana and Robert Byrd of West Virginia, who never met an earmark he couldn't name after himself. But earmarks are not the only way they bring home the bacon. In fact, the earmarks in the current budget bill amount to only $7.7 billion, less than 2% of the overall spending. But they will...

Author: /time Magazine | Title: Obama's Budget: Earmarks Aren't the Real Problem | 3/5/2009 | See Source »

...there's a casino project that has ground to a halt, half built, its steel skeleton an outline of a multibillion-dollar dream gone hungry. Across the street, there's a Modernist chapel, a lonely vigil of virtue on the Strip - people seek salvation elsewhere in this town. Look west toward the mountains and you can trace the Vegas real estate developers' dash toward the horizon with building projects. Now as far as you can drive, there are foreclosed homes and empty new developments offering come-ons to prospective buyers...

Author: /time Magazine | Title: Stick It to the Recession: Wynn's Vegas Encore | 3/5/2009 | See Source »

...Through sheer brutality, the British were able to manage the area - now called Pakistan's North-West Frontier Province - but never quite subdue it. The chances of subduing it today are even more remote. "Obviously, we're not going to invade Pakistan," said a senior member of the Riedel review. "We have to convince the Pakistanis to do the job. But we haven't had much luck with that in the past." In fact, the Pakistani army and Inter-Services Intelligence agency have supported the Taliban as a counterforce against India's influence in Afghanistan, just as they supported jihadi...

Author: /time Magazine | Title: Can Obama Avoid a Quagmire in Afghanistan? | 3/5/2009 | See Source »

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