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...fact, Bunning's reliably - and defiantly - conservative voting record is largely in tune with Kentucky's reddest voters, the same folks who will decide the primary in 2010. His fervent opposition to the bank bailout increasingly looks smart, at least in the minds of many in Kentucky who are unimpressed with the economic recovery plans. Strongly against abortion and gay marriage, Bunning was rated last year as the third most conservative senator by the National Journal...

Author: /time Magazine | Title: Why Senate Republicans Want to Bench Jim Bunning | 3/7/2009 | See Source »

...alone in his frustration. In the past two weeks tens of thousands of Ukrainians have descended upon banks across Kiev, anxious to get hold of their cash. With a number of banks already under the administration of the National Bank, worried citizens have drained over 20% of hryvnia deposits since November. As banks struggle to come up with enough cash to meet demand, one has even proposed a scheme of exchanging deposits for homes that have been repossessed. "I have to come here every day to stand in line in the cold, with no food or toilet," Vesna says...

Author: /time Magazine | Title: Political Fights Sour Ukraine Economy | 3/6/2009 | See Source »

...belongs to private energy company RosUkrEnergy; Tymoshenko says the SBU is being used by a "corrupt group" in a fight for gas she says belongs to Ukraine. "There's no such thing as a truce between cats and dogs," says Mykola Stasyuk, 53, as he waits in yet another bank line...

Author: /time Magazine | Title: Political Fights Sour Ukraine Economy | 3/6/2009 | See Source »

...country's plan "should be front-loaded and forceful," said China's central bank governor Zhou Xiaochuan. "If confidence collapses, it's too late for us to react. It takes a long time to recover. We learned this from the experience of other countries." Zhou said he saw some signs of improvement in China's economic data, implying that big increases in stimulus spending were unlikely in the near future. In other words, if the rest of the world wants a rescue, it should save itself...

Author: /time Magazine | Title: China Won't Ride to World's Economic Rescue | 3/6/2009 | See Source »

...last quarter, will be able to boost its domestic demand through short-term spending enough to mitigate steep declines in global trade. "The idea that China will be helping the rest of the world is a myth," says Ben Simpfendorfer, a Hong Kong-based China economist for the Royal Bank of Scotland. "Almost half of what it imports is related to export processing. A large share of the remainder is commodities. It imports little for its own consumption. That befits its status as the world's largest manufacturing center...

Author: /time Magazine | Title: China Won't Ride to World's Economic Rescue | 3/6/2009 | See Source »

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