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...size of your clothing. America's indebtedness would be sustainable and even healthy if the underlying economy were vibrant, innovative and strong and if federal and state governments could channel those moneys productively and quickly. The problem isn't how much debt we're carrying today; it's whether the economy of tomorrow will be able to justify...

Author: /time Magazine | Title: Is There Too Much Worry About the Debt? | 3/15/2010 | See Source »

That's accurate. The parties are running their campaigns in large part on substantive issues: most important, whether power in Iraq should be more centralized in the hands of the government in Baghdad or dispersed to its provinces and regions. The centralizers include al-Maliki's Shi'ite-dominated State of Law coalition, which is running on its record of providing security and disarming Iraq's militias. The more Sunni and secular Iraqi National Movement, led by former Prime Minister Iyad Allawi, is likewise in favor of a strong central government. The push for decentralization is represented by the ruling...

Author: /time Magazine | Title: Iraq's Messy Democracy | 3/15/2010 | See Source »

...ites and Sunnis or start an additional one between Arabs and Kurds. But to centralize all power in a country with a history of totalitarianism has its own perils. That's why Iraqis will be watching their elections closely: not just to see the results but also to gauge whether their leadership class can accept the outcome of the vote and move forward peacefully. That will not be easy. "It's hard teaching people who have come out of a dictatorship to negotiate with each other," says the U.S. NGO worker. "In a dictatorship, all they know is win-lose...

Author: /time Magazine | Title: Iraq's Messy Democracy | 3/15/2010 | See Source »

...Rubio's campaign argues that his record as state house speaker, when he ushered bills like an insurance overhaul for hurricane-harassed Floridians, reflects experience as well. But Foreman believes Rubio faces his own dilemma: whether to continue to keep a safe distance from, or buddy up to, the Tea Party fringe that has helped galvanize his poll numbers but remains skeptical about his commitment to red-meat causes like immigration restrictions and gun owners' rights. Still, Rubio's problems are slight by comparison. The only candidate who looks waxed at the moment is Charlie Crist...

Author: /time Magazine | Title: In Florida, Can Crist Turn the Tide Against Rubio? | 3/15/2010 | See Source »

...economy expanded at a robust 8.7% despite the global downturn. As the U.S. and other nations struggle to resume growth and reduce high unemployment, they are eyeing China's performance with both envy and agitation. In April, the U.S. Treasury Department will be required by law to declare whether China manipulates its currency - an announcement that could fuel calls in Congress for retaliatory measures against the nation...

Author: /time Magazine | Title: China Takes Aim at the U.S. on Currency Conflict | 3/15/2010 | See Source »

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