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...Monetary policy is fine for steering the economy while it's on level ground, but the minute you go into a ditch, monetary policy isn't enough to get us out of it. Variation in interest rates is normally an effective way of steering the economy, but then you get into these crises where the whole machine collapses, and all you're doing is pressing on the accelerator and spinning your wheels...

Author: /time Magazine | Title: Q&A: Lessons from the Great Depression | 1/6/2009 | See Source »

...year-old high-level e-commerce executive in the Pacific Northwest - we'll call him Bob - felt he was losing his edge. Although his colleagues saw him as a star, he feared he wouldn't be able to continue the lightning pace and constant multitasking his job required. So he saw his doctor. Now Bob takes Adderall, a prescription amphetamine ordinarily used to treat attention-deficit/hyperactivity disorder (ADHD...

Author: /time Magazine | Title: Popping Smart Pills: The Case for Cognitive Enhancement | 1/6/2009 | See Source »

...time he was here two weeks, I could see how calm things were...He increased the confidence level." - Bill Clinton, on Panetta's debut as White House Chief of Staff, Washington Post...

Author: /time Magazine | Title: CIA Director: Leon Panetta | 1/6/2009 | See Source »

Sales of new vehicles dropped in December to the lowest level since the early 1980s, as carmakers turned in a terrible fourth quarter despite aggressive use of incentives. Embattled Chrysler showed the worst decline of all, with sales tumbling...

Author: /time Magazine | Title: The Carmakers' Bleak Year-End Numbers | 1/5/2009 | See Source »

...have met [Mashaal] question his leadership qualities. A senior Arab official with decades of experience came away particularly impressed with his 'willingness to learn,' which he noted was rare indeed for those at his level. The question, rather, is whether...[his] brand of militant pragmatism will continue to hold sway within the Hamas leadership." -Mouin Rabbani, in a preface to a Mashaal interview published in the Journal of Palestine Studies, Spring...

Author: /time Magazine | Title: Hamas Leader Khaled Mashaal | 1/4/2009 | See Source »

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