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...While that has triggered revenue-raising measures like a crackdown on tax evasion, there's little sign of the deep spending cuts the country needs to rebalance its books. What's more, reviving growth will mean shifting from an economy founded on domestic consumption to one driven by exports. "That's going to be extremely difficult, given that [the Greeks have] allowed their cost competitiveness within the euro zone to erode massively," says Tilford. "We're still seeing big increases in Greece's wages." (See the top 10 worst business deals...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

Coming out of a recession is a tricky thing. Companies feel like it might be time to start ramping production back up, but demand hasn't fully returned, so they hesitate to hire. The conundrum: demand in the U.S. is overwhelmingly consumer-driven and people need to have jobs to feel like it's once again safe to spend money. It's a classic chicken-or-egg problem. Direct hiring by the government could, theoretically, sidestep the impasse. The question then becomes whether such a program creates more economic benefit than it does economic inefficiency by having the government dictate...

Author: /time Magazine | Title: Can the Federal Government Really Create Jobs? | 12/8/2009 | See Source »

...twice about everything you do - what you eat, how much you exercise - to ensure that you don't increase your risk of developing another tumor. It's a natural response to a difficult diagnosis, but it can be challenging, especially when it comes to diet: most breast tumors are driven by the hormone estrogen, but estrogen is frequently found in many popular foods, from some types of milk and yogurt to breakfast bars to tofu and those addictive edamame beans...

Author: /time Magazine | Title: Study: Eating Soy Is Safe for Breast-Cancer Survivors | 12/8/2009 | See Source »

...Billy M.K. Stallings ’10 proposed to Paul G. Nauert ’09, a large rainbow stretched across the Texas sky. The couple had driven up to Austin from Billy’s home in San Antonio, and they sat on the lawn in front of the capitol building, its pink granite glowing in the late afternoon...

Author: By Alice E. M. Underwood, CRIMSON STAFF WRITER | Title: Bells for Beaux | 12/7/2009 | See Source »

Despite the energy nationalization and Morales' strident anticapitalist rhetoric, Weisbrot adds, foreign investment is higher now than it was under many of Morales' predecessors. Much of that success was driven by the decade's abnormally high prices for commodities like natural gas, and it was hardly expected from a man who, like Brazilian President Luiz Inácio Lula da Silva, did not attend college and concedes he didn't know what inflation meant before he became President. "When Morales admitted [during a visit to the U.S.] that it wasn't until after his election that the concept was explained...

Author: /time Magazine | Title: Morales' Big Win: Voters Ratify His Remaking of Bolivia | 12/7/2009 | See Source »

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