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...recent weeks, as the scale of the world's crisis has shifted from worry about buying holiday toys to worry about standing in bread lines, one government after another has stepped into the markets. Attempting to right the financial ship, London, Berlin and now even Washington are buying up stakes in financial institutions. And as governments wade into private business, they have sparked media coverage, particularly among conservatives, warning of a return of Big Brother. WE'RE ALL SOCIALISTS NOW, COMRADE, Britain's Daily Telegraph declared in one headline...

Author: /time Magazine | Title: Central Command | 10/16/2008 | See Source »

Opel was one of the first Western firms to move east to Eisenach after the Berlin Wall fell in 1989, and it pulled an army of suppliers and service companies in its wake. On Adam Opel Street, Lear Corporation makes seats for the Corsa, while parts makers Mitec AG and Robert Bosch are across town. Uwe Laubach, head of the local chapter of the IG Metall union, says as many as 900 temporary workers in the local auto industry have lost their jobs in recent weeks. "The situation is dramatic," says Michael Lison, head of the industry association Automotive...

Author: /time Magazine | Title: Postcards from Europe's Financial Bust | 10/15/2008 | See Source »

...Fund, the World Bank and the G-20 are also low. The less the international organizations seem likely to do, the louder the cry for help becomes. "This is a financial crisis that is global and needs a global response," says Professor Helge Berger of the Freie Universitat in Berlin. "Piecemeal won't work...

Author: /time Magazine | Title: Can the G-7 Save the World from Financial Chaos? | 10/10/2008 | See Source »

Movie as Maze The explosive events of Sept. 11 made Muslim nations a playground for spies, as Berlin was during the Cold War. But the new boom market was different; KGB agents weren't likely to blow themselves up to make a political point, and the middle-class whites in the CIA couldn't easily pass for Arabs to infiltrate an al-Qaeda cell. Ferris makes use of locals to sleuth out information. But he and Hoffman have a bigger, wilder plan. The notion is to plant incriminating data on a plausible corpse and create a fictional...

Author: /time Magazine | Title: Body of Lies: Leonardo of Arabia | 10/9/2008 | See Source »

...advice. One gop commercial touted the Arizona Senator as "the American President Americans have been waiting for," as if there were another kind. Over the summer, McCain unveiled a new slogan: "Country first." When Obama traveled abroad in July, a McCain ad showed images of him addressing a Berlin crowd alongside the words "The biggest celebrity in the world." And now Palin is suggesting he doesn't feel the same way about America that most Americans...

Author: /time Magazine | Title: Is Barack Obama American Enough? | 10/9/2008 | See Source »

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