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...they're serious about getting their countries' finances in order. In late January, S&P warned that it could downgrade Japan's sovereign rating if the new administration of Prime Minister Yukio Hatoyama doesn't rein in the deficit. In his January State of the Union address, President Barack Obama pledged to freeze discretionary fiscal spending for three years starting in 2011. "Like any cash-strapped family, we will work within a budget to invest in what we need and sacrifice what we don't," Obama said. (See pictures of retailers which have gone out of business...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...BIDEN, U.S. Vice President, responding to his predecessor's criticism of the Obama Administration's handling of the attempted airplane bombing on Christmas...

Author: /time Magazine | Title: Verbatim | 3/1/2010 | See Source »

...have trouble getting people to believe you? There's no way that the Cochrane Collaboration can compete with governments. It's David vs. Goliath. When Obama promotes vaccines, I have no chance. I can't take on Obama...

Author: /time Magazine | Title: Do Flu Vaccines Really Work? A Skeptic's View | 2/27/2010 | See Source »

...public holiday marking the Prophet Mohammed's birthday. "The best example is the Swiss crisis. It shows there is a big gap between our way of thinking and our mentality, and the Western mentality and the way of doing business." (See TIME's exclusive interview with Gaddafi on Obama, Israel and Iran...

Author: /time Magazine | Title: Gaddafi vs. Switzerland: The Leader's Son on What's Behind the Feud | 2/27/2010 | See Source »

...have another yearlong debate about this. So the question that I'm going to ask myself and I ask of all of you is, Is there enough serious effort that in a month's time or a few weeks' time or six weeks' time, we could actually resolve something?" Obama said as the session drew to a close. "And if we can't, then I think we've got to go ahead and make some decisions, and then that's what elections are for. We have honest disagreements about - about the vision for the country, and we'll go ahead...

Author: /time Magazine | Title: Obama Finds No Common Ground at Health Care Summit | 2/26/2010 | See Source »

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