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In 2003, when Ratzinger's longtime personal secretary, Monsignor Josef Clemens, was appointed to a top position in another Vatican office, Gänswein stepped into the role of Ratzinger's right-hand man. It was not expected to be a particularly long assignment, as the Cardinal planned to return to...

Author: /time Magazine | Title: The Heartthrob from the Vatican | 4/5/2008 | See Source »

Almost two years after Raúl Castro took over for his ailing brother Fidel, Cuba is launching a host of economic reforms. First came the right of ordinary Cubans to own cell phones, then to buy foreign electronics, rent cars and stay in tourist hotels. Now some private farmers can till...

Author: /time Magazine | Title: Briefing | 4/3/2008 | See Source »

Harvard started out slow, but saved enough energy to endure a nail-biter against St John’s. The Crimson men’s tennis team dropped the doubles point and needed three set efforts from senior captain Chris Clayton and junior Sasha Ermakov to overcome the Red Storm...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Singles Wins Help Crimson Take Match | 3/21/2008 | See Source »

As China has become more powerful, it has boosted its leverage on the world stage. Many nations, especially neighbors, are now reluctant to cross Beijing. India, which once welcomed Tibetan exiles, including the Dalai Lama himself, now restrains Tibetan protesters. Nepal has done the same, sometimes brutally, and has indicated...

Author: /time Magazine | Title: Playing the Games | 3/20/2008 | See Source »

But the Taylor Rule provides less guidance when the neutral interest rate is shifting rapidly due to changes in financial conditions, which is exactly what is happening right now. Banks and other lenders are demanding a higher premium for lending to households and companies. To prevent the cost of borrowing...

Author: /time Magazine | Title: The Fed Fights Back | 3/13/2008 | See Source »

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