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...past few years, it's ratcheted up to around 72%. "If we take the 5 percentage points out this year, it will be the mother of all U.S. recessions," Roach says. But putting the adjustment off indefinitely isn't a great idea either. "It's just pushing the fundamental problem down the road," says Columbia University economist and Nobel laureate Joseph Stiglitz. "The problem with the U.S. is excessive consumption...

Author: /time Magazine | Title: Can the World Stop the Slide? | 1/23/2008 | See Source »

...these arguments may have their merits. But identifying the causes does little to remedy the problem. A better starting point might be to look for the rare attribute that Mastella claimed to possess: courage. There is a notable dearth of it among Italian politicians, and that is both cause and symptom of the malady afflicting public life. Political courage is, of course, something that can neither be spontaneously declared nor imposed by law. The most cynical Italians will say it is a concept that doesn't even exist. Still, there is no way out of the current gridlock without...

Author: /time Magazine | Title: A Dearth of Courage | 1/23/2008 | See Source »

...Jump: Another big problem - especially among women and older passengers - happens at the top of the slide. People hesitate or try to sit down before sliding. If everyone would jump instead, as flight attendants will scream at you to do, the evacuation could go 50% faster, Johnson says. Since a fire can burn through the fuselage on an airplane in 90 seconds, faster is much, much better. When everything works right, slides are built to handle 70 passengers per minute. Many now have two lanes. To see how fast - and scary - the slide can be, check out this video...

Author: /time Magazine | Title: How to Escape Down an Airplane Slide | 1/23/2008 | See Source »

...larger economic-stimulus package - roughly $145 billion - to meet the looming recession than Clinton, Obama or John Edwards did. Worse, the Democrats seemed willing to play on the Republican side of the field, proposing short-term fixes and tax rebates rather than a more comprehensive, thematic solution to the problem. Think about it: the terrorist threat to national security, the relative decline of the American middle class, the sudden flimsiness of the international economic structure - to say nothing of the potential destruction of the planet - all are influenced by the fact that, as Clinton often says, "we borrow money from...

Author: /time Magazine | Title: The War of Ideas | 1/23/2008 | See Source »

...There was and is, however, one very big idea lurking at the heart of the Democratic Party, even if its leaders have been loath to unleash it. If Republicans were about individual freedom, Democrats were about national unity. If Ronald Reagan said, "Government is not the solution to our problem; government is the problem," Democrats can say, "Government is the ultimate expression of our public values - including our desire to create a free, fair market system." For decades since Reagan, it has been easy for feckless demagogues to rail against the nation's capital as if it were a deadly...

Author: /time Magazine | Title: The War of Ideas | 1/23/2008 | See Source »

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