Word: crisises
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The news from Sacramento could be a lot worse: Governor Arnold Schwarzenegger's original proposal was to cut $70 million from the parks-and-recreation budget, which would have shuttered 220 of 279 state parks. That outcome was averted by a last-minute legislative agreement in late July that leaves...
Click here to purchase a copy of Reset: How This Crisis Can Restore Our Values and Renew America.
Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the first of five on TIME.com, he glances back through history to see...
And just as history comes to feel like a living entity and coherent narrative after one has experienced a few decades of it, so does the future. Having been an adult for 30 years now, I find I have a pretty fair ability to imagine how American life will and...
"History doesn't repeat itself," Mark Twain is supposed to have said, "but it rhymes." What's happening right now is not a repetition of 1932, when the Dow Jones Industrial Average had dropped 90% from its peak three years earlier and the unemployment rate exceeded 23%. But now most...