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...candidate." Former Chávez Information Minister Andrés Izarra says fear that an opposition leader could win the next presidential race if Chávez isn't in the running will rev up the Chavista machine on Feb. 15. "The base will see Chavismo more directly at risk than it was in 2007. This time it will mobilize," says Izarra. Chávez warns that an opposition victory in 2012 would prompt...

Author: /time Magazine | Title: Hugo Chávez: Man With No Limits? | 2/11/2009 | See Source »

...view, yields on U.S. 10-year Treasury notes will fall to between 1.5% and 2% by the end of 2009. This is because the banks are broken and their customers are keen to spend less. The monetary base, the money element that the Fed can control, is a fraction of credit outstanding in the U.S. system ($2 trillion versus $47 trillion). No matter how fast base money is pumped up, the reduction in credit outstanding will overwhelm it. During this phase we should expect credit contraction and its attendant deflationary effects on asset prices and consumer goods and services...

Author: /time Magazine | Title: Bet on Bonds | 2/11/2009 | See Source »

...Netanyahu and Lieberman also say the army ought to return to Gaza and wipe out Hamas. During the campaign, Netanyahu said, "There will be no alternative but to bring down the regime of Hamas, a terrorist organization pledged to our destruction. Ultimately, Israel cannot tolerate an Iranian base right next to its cities...

Author: /time Magazine | Title: Israel's Election Dashes Hopes for Peace | 2/11/2009 | See Source »

...breakaway from the right-wing Likud Party, which he thought was making too many concessions to Palestinians. In the 2003 elections, the party took seven seats, with backing mainly in Israel's large Russian-speaking immigrant community. By the 2006 elections, he had broadened its base, winning 11 seats. Now, according to polls, he could gather up to 20 seats, bumping Labor, one of Israel's classic founding parties, into fourth place. Netanyahu's Likud Party is expected to win 25 to 27 seats, and Livni's centrist Kadima 23 to 25 seats. Lieberman is the subject of a long...

Author: /time Magazine | Title: Right-Winger Emerges as Israel's Kingmaker | 2/10/2009 | See Source »

...save a bundle by cutting the fuel costs of garbage trucks and the fees paid to dispose of solid waste. Associations of recyclers would be registered as microenterprises, and members would be eligible for social benefits such as health care while contributing small amounts to the country's tax base - which would make them, according to Flores, "real citizens for the first time." (See pictures of garbage wars in Naples...

Author: /time Magazine | Title: Peru's Scavengers Turn Professional | 2/10/2009 | See Source »

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