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...beyond his means - even as the country seemed to prosper - and desperately breaking Labour's manifesto promise not to raise tax rates to cover his tracks. The severity of Britain's current recession can surely be partly blamed on years of recklessness and a failure to prepare for the slightest possibility of less sunny days to come. The "golden rule" was a cipher from the beginning of the Labour administration. James Campbell, PROVIDENCE...

Author: /time Magazine | Title: Labour in Trouble | 7/9/2009 | See Source »

...limit the use of aerial bombardment to the most extreme circumstances - a turnabout for U.S. ground forces that have grown dependent on air support. McChrystal has also declared - in a soon-to-be-released tactical directive - that soldiers should hold their fire if there is even the slightest risk of a civilian presence in the target zone. "Suppose the insurgent occupies an enemy home or village and engages you from there with the clear idea that when you respond, you are going to create collateral damage," explains McChrystal. "He's going to blame that on you. Even if you kill...

Author: /time Magazine | Title: Why Obama's Afghan War Is Different | 7/5/2009 | See Source »

Palin, Gov. Sarah • American flag is repeatedly dissed by •mocking Photoshopped image of provokes easily ignited fury of, which - as anyone with the slightest comprehension of human nature could have predicted - provokes a slew of even more viciously mocking Photoshopped images of • secret bleeding of • Vanity Fair profile of will delight non-fans...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 7/3/2009 | See Source »

Saying energy prices would stay high was one of the great forecasting errors of the late 1970s and early '80s--so it's a little scary to predict that they will stay high this time around. But the fact that even the slightest hint of a turnaround in the global economy has sent oil prices skyrocketing from $35 a barrel to more than $70 ought to be a sign that the upward price cycle that started a decade ago isn't played out yet. The crucial element may be that the struggling U.S. no longer drives the global demand cycle...

Author: /time Magazine | Title: A Fun-Free Recovery | 6/29/2009 | See Source »

...creating a managed channel for the release of popular frustrations. But now the Supreme Leader appears to have thrown his weight solidly behind what many are charging is a carefully staged putsch by Ahmadinejad. "The willingness of the regime simply to ignore reality and fabricate election results without the slightest effort to conceal the fraud represents a historic shift in Iran's Islamic revolution," Columbia University Iran expert and former National Security Council official Gary Sick wrote in a web posting. "All previous leaders at least paid lip service to the voice of the Iranian people. This suggests that Iran...

Author: /time Magazine | Title: Khamenei: The Power Behind the President | 6/15/2009 | See Source »

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