COVER

COMMENTARY

The Case for Inflation (The Curious Capitalist)

Our 1970s fears still loom large, but higher growth may be worth higher prices

FEATURES

Erdogan's Moment (World)

How Turkey's Prime Minister--a moderate Islamist and steadfast advocate of secular democracy — became one of the world's most influential leaders

Meet Russia's New Guard (World)

When Vladimir Putin resumes the presidency, he'll have to deal with a young generation that wants reform--and results

EDITOR'S DESK

BRIEFING

The Chemical Within (Health&Science)

BPA is everywhere. Is it dangerous? We don't really know

Thanks to You Too (Q&A)

For World AIDS Day, Bono talks about how close eradication is, who got us there and what's needed now

Obama's Boldness Rap (Nation)

Did the President really miss an early chance to go big on deficit reduction?

Bad Deal. (Economy)

A judge slams a settlement between Washington and Wall Street

THE CULTURE

True Brits (Movies)

A new Margaret Thatcher biopic joins an awards-season tradition

A League of Their Own (The Awesome Column)

Adventures with women who love football and the women who love to hate them

Good Guess (Education)

Why we shouldn't underestimate the value of estimating

Mac Attack (Food)

French macarons use their many charms to pull off a cupcake coup

BUSINESS

India's Online Shopping Spree (E-Commerce)

With the number of Internet users expected to triple by 2015, India's e-tail market is heating up once again

ALSO IN THIS ISSUE

Person of the Year.

We asked TIME 100 honorees to submit nominations for 2011's Person of the Year. Some selections

LETTERS