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After a decade of overspending, Greece has fallen into a debt crisis. The country--which along with Portugal, Ireland, Italy and Spain is a member of the so-called PIIGS group of troubled European economies--is carrying a deficit close to 13% of GDP, more than four times the E.U. limit. Part of the blame for Greece's economic woes has been placed on padded public-sector wages and rampant tax evasion. Proposed austerity measures, which include a pay freeze for government employees, prompted thousands to go on strike. European leaders, who fear that Greece's troubles will trigger widespread...

Author: /time Magazine | Title: The World | 2/22/2010 | See Source »

...Meyer, despite her left-wing credentials, seems to have fallen prey to this nonsensical right-wing hysteria, writing that “[t]here are three branches of government, not one. Presently, the executive branch is being ruled by a demigod who wants control...

Author: By Nicholas Nehamas | Title: LETTER | 2/18/2010 | See Source »

...Cheju Island. By early December, when I arrive at Naejang Mountain to trace Ko's footsteps up Seoraebong Peak, the famed red foliage - for Ko an arboreal emblem of a unified land and people - has all flamed out. The ground is a pulp of mud and fallen leaves. But it's all good. Crunching through hoarfrost with the poem in my pocket, I'm sure that somewhere north of the DMZ somebody else must also be cursing the cold...

Author: /time Magazine | Title: Sense of Place: The Korean Peninsula | 2/17/2010 | See Source »

...representatives should save their adulation for the nation’s Boy Scout troops, NASCAR drivers, and, yes, even our fallen civil rights heroes for the Sunday talk shows. The chambers of Congress are a place for doing things, not saying them...

Author: By Jack A. Holkeboer | Title: Less Talk, More Action | 2/16/2010 | See Source »

BILL GATES, criticizing Italy's low levels of foreign aid in 2009--which had fallen by half from the year before--and blaming Prime Minister Silvio Berlusconi, who is rumored to have undergone hair transplants...

Author: /time Magazine | Title: Verbatim | 2/15/2010 | See Source »

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