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...pledging to abide by international rules, fight climate change, engage with the Islamic world and "press the reset button" with Russia, Biden warned that Washington would also expect changes from Europe. "America will do more. That's the good news," he said. "The bad news is that America will ask for more from our partners as well." (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: Europe: No Blank Check for Obama on Global Security | 2/9/2009 | See Source »

...foreign aid should be provided gratis and without political strings. Because Latin military and security forces have an unfortunate history of sliding into drug lords' pockets - a former Ecuadorean deputy interior minister under Correa was recently charged with drug trafficking - it's not all that outrageous that the U.S. ask to have some input in exchange for aid (or "logistical support," per Astorga...

Author: /time Magazine | Title: Out of Ecuador, A Latin Lesson for Obama | 2/8/2009 | See Source »

...directed at Israel. Even as the civilian death toll climbed, Abbas delayed several days before criticizing the Israeli offensive. In the West Bank, which Abbas controls by dint of the presence of the Israeli army, his security forces cracked down brutally on fellow Palestinians protesting the Israeli offensive. Palestinians ask why Abbas did not go to Gaza during the fighting to show solidarity with its residents, or organize blood or food help for Gaza's victims. Says Diana Buttu, a lawyer and ex-adviser on the Palestinian team that negotiated with Israelis, "The problems of Palestine are much bigger than...

Author: /time Magazine | Title: Rift Between Hamas and Fatah Grows After Gaza | 2/7/2009 | See Source »

...July, Congress tried to address the underlying problem by creating Hope for Homeowners. It's a program meant to get people behind on their payments to refinance into more affordable loans. So far, the effort has gone practically nowhere. While tens of thousands of homeowners have called to ask questions, the program has only received 451 applications and closed 25 loans. That's partly because of the program's high barriers - homeowners have to get their existing lenders to write down the value of what they're owed and then find a new lender to issue a fresh loan. Most...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

...mass layoffs that are part of the daily news increase, economists and analysts will begin to ask how all of those people came to be employed in the first place. Recent data show that jobs cuts actually increase productivity, at least to a point. At some successful companies, it appears that adding personnel was just poor expense management...

Author: /time Magazine | Title: Who Hired All the People Getting Laid Off? | 2/6/2009 | See Source »

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