COVER

Kate Winslet's Moment (Profile)

Intense, ambitious and only slightly panicked, Kate Winslet is the finest actress of her generation

UNITED STATES

Obama's Rx For the Budget

The President wants to show that he can get the deficit under control. Why a new approach to health — care costs could be the answer

ASIA

The Tigers' Last Days

In Sri Lanka, thousands of Tamils have been displaced, as the long struggle against a separatist group enters its decisive phase

Crunch Time

With the Japanese economy in free fall, the country's leaders are facing monumental challenges. They may not be up to the task

MEDIA

How to Save Your Newspaper

It's now or never for America's dailies. A former Time managing editor offers a way to return journalism to prosperity: charge for it, a nickel at a time

A Positive Story (Asian Newspaper)

Despite the challenge of the Web, newspapers are still thriving in Asia. Here's why

LIFE

GLOBAL BUSINESS

Room Boom (Hotel)

Why an ugly recession isn't stopping Shangri-La from building a global luxury-hotel brand

LETTERS