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...worldwide financial turmoil, it can't - at least, not for a good price. A September tender for a new nuclear power plant - Turkey's first - was ill-prepared, and turned into a fiasco when all the bidders except for one Russian-led consortium dropped out. A three-year agreement with the IMF under which it would provide Turkey loans of as much as $10 billion, if needed, expired in May and hasn't been renewed. In a speech to the IMF this month, Economics Minister Mehmet Simsek gave no hint about when - or if - a new deal will be struck...

Author: /time Magazine | Title: Turkey's Wild Ride | 10/22/2008 | See Source »

...rare show of agreement, both Obama and McCain expressed steadfast support for ROTC at a joint appearance at Columbia last month...

Author: By Kevin Zhou, CRIMSON STAFF WRITER | Title: News Analysis: Obama Win Could End ROTC Battle | 10/22/2008 | See Source »

...year-old Pakistani soldier, it is a simple matter of respect. The soldier, a Major in the Frontier Corps in the mountainous badlands along the Pakistan-Afghanistan border, says recent U.S. military incursions into Pakistan not only breach an agreement between the two countries, but call into question the very spirit of the alliance President Bush says is the most important in the war on terror. "As a Pakistani, nobody likes someone to enter their home. It raises doubts about American credibility and the sincerity of their alliance with Pakistan," says the Major, who asked not to be named because...

Author: /time Magazine | Title: The US vs. Pakistan: With Friends Like These | 10/22/2008 | See Source »

...city - probably at the United Nations in New York - shortly after the Nov. 4 U.S. presidential election. Following their huddle at Camp David Saturday, the trio issued a statement saying the extraordinary international congress would "review progress being made to address the current crisis and to seek agreement on principles of reform needed to avoid a repetition and assure global prosperity in the future...

Author: /time Magazine | Title: Markets Cheer Calls to Overhaul Global Finance | 10/20/2008 | See Source »

...Still, markets were more inclined to take heart in the international summit agreement Sarkozy had obtained from Bush. Despite that advance, questions remain how much the U.S. and its free-market fans will the more invasive regulatory approach that Europe seems to favor. Even as they face dire economic crisis, Americans are quicker than Continentals to distrust perceived market "socialism." Indeed, even Bush and Sarkozy seemed to clash Saturday in how each weighed the virtues of regulation against the liberty of markets...

Author: /time Magazine | Title: Markets Cheer Calls to Overhaul Global Finance | 10/20/2008 | See Source »

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