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...What's astonishing about the current cycle is how quickly the global economy got into this situation. Governments - from Ben Bernanke, chief of the U.S. Federal Reserve Board, to the Chinese communists to pretty much everyone in between - all know more or less that the only policy response available to them is to flood their economies with money. China announced a big stimulus package nearly two weeks ago, and in Beijing last weekend, government policymakers acknowledged that more is probably coming. In the U.S., another economic-stimulus plan seems inevitable; the Federal Reserve, meanwhile, is probably headed toward what...

Author: /time Magazine | Title: The Global Economy's Big Fear Becomes Real: Deflation | 11/21/2008 | See Source »

...modern notions of celebrity. In one particularly memorable moment, Zollner takes Kaminski to a friend’s art exhibit in the city with the intention of garnering advance publicity for the biography he is penning. But in introducing those who frequent these social circles, from the editor-in-chief of ArT magazine to the fledging artists themselves, Kehlmann asserts that blatant self-promotion in an era dominated by the adoration of the celebrity is at its base, a worthless endeavor as it is emotionally unsatisfying: “The evening had been a real success, they?...

Author: By Eunice Y. Kim, CONTRIBUTING WRITER | Title: 'Kaminski' Got Nothing | 11/21/2008 | See Source »

Paul Levy, the chief executive of Beth Israel Deaconess Medical Center, brought the situation before the Massachusetts Medical Society last month...

Author: By Courtney P Yadoo, CONTRIBUTING WRITER | Title: Report Says Harvard-Affiliated Hospitals Get Higher Insurance Payments, With Similar Patient Outcomes | 11/21/2008 | See Source »

...December 2006, isn't even a registered Republican, according to Senate majority leader Harry Reid of Nevada. (Gates' spokesman said Thursday he didn't know his boss's political registration.) Still, antiwar activists are growing concerned at the prospect of an increasingly hawkish Obama Cabinet featuring Gates as Defense chief and Senator Hillary Clinton (who supported invading Iraq) as Secretary of State. But Gates has won praise on Capitol Hill for arguing that U.S. foreign policy is too militarized and for firing senior officers and officials he deemed to have failed the nation's wounded vets and to have been...

Author: /time Magazine | Title: The Pros and Cons of Keeping Robert Gates | 11/21/2008 | See Source »

...Five years later, they have that, and a lot more, in the Center for American Progress (CAP), the most influential independent organization in Obama's nascent Washington. CAP was the brainchild of former Clinton White House chief of staff John Podesta, who dutifully worked wealthy dinner parties with a simple idea: He would create a new organization, a "think tank on steroids," to help progressive ideas regain power. Tom Daschle, once the top Democrat in the Senate, got on board, calling it an "action tank." Sarah Wartell, who would become Podesta's deputy, had a more homely description: "Not your...

Author: /time Magazine | Title: Inside Obama's Idea Factory in Washington | 11/21/2008 | See Source »

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