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...next President, whether it's Barack Obama or John McCain, will take the helm amid a maelstrom. Testifying before Congress, former chairman of the Federal Reserve Alan Greenspan - not known for his colorful public statements - professed "shocked disbelief" at the "tsunami" that has plunged global finance into disarray. He predicted a deep recession that will cost jobs and devastate balance sheets across the economy - "much broader than anything I could have imagined." When the chief economic advisers to McCain and Obama met recently for a debate, they found little to agree on. But they shared the realization that...

Author: /time Magazine | Title: How Obama and McCain Would Lead | 10/30/2008 | See Source »

...landmark multi-party election on Oct. 8, Gayoom won 40% of the vote amid allegations of irregularities and vote-rigging. The margin wasn't large enough, though, for him to claim total victory and a run-off was scheduled two weeks later against the runner-up, Nasheed. Gayoom launched blistering attacks on his opponent's credibility, pointing to his lack of experience and claiming he was trying to convert Maldivians to Christianity - a weighty accusation in this staunchly Sunni Muslim state. But with all the opposition factions united behind him, Nasheed turned his deficit from the first vote into...

Author: /time Magazine | Title: Maldives Rejects Leader in Election | 10/29/2008 | See Source »

...Gist: In a rare and personal report on the much-speculated-upon Battle of Tora Bora in Afghanistan, former Delta Force commander Dalton Fury attempts to lay to rest the inconsistencies, inaccuracies and falsities which he says were perpetuated amid the hunt for Osama bin Laden in December 2001. Fury blames an "excitement-starved general public," a clueless intelligence community, an even more clueless press corps and the need to keep Delta Force operations classified for a misguided account of the operation that he calls "fantastic and exciting stuff, but utter hogwash...

Author: /time Magazine | Title: Inside the bin Laden Manhunt | 10/28/2008 | See Source »

...highest in the country and well above the national average of 6.1%, according to the most recent data available from the Bureau of Labor and Statistics. But Rhode Island's situation is hardly unique as the effects of the nation's economic downturn gather pace amid the ongoing financial turmoil. Twenty-one states have unemployment rates above the national average, with Michigan and Minnesota showing rates near Rhode Island's to make up the top three. Unemployment figures are certain to rise when the bureau releases its next set of figures on Nov. 7. Some economists are predicting that unemployment...

Author: /time Magazine | Title: Unemployment: The Problem That May Linger | 10/27/2008 | See Source »

...Despite the fashionable status that environmental activism and “sustainability” efforts have acquired of late, and the sanctimonious banalities of celebrity supporters like Gore, “green” initiatives indeed serve a noble goal. Amid constantly escalating energy costs and further scientific evidence of climate change, few people deny the value of encouraging more responsible use of resources...

Author: By Christopher B. Lacaria | Title: It’s Not Easy Being Green | 10/27/2008 | See Source »

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