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...That surely irks the E.U., which is limited in the amount of help - or punishment - it can impose on Greece. Allowing the country to default, or to approach to the International Monetary Fund for emergency funds, would deal a huge blow to the credibility of the 11-year-old euro zone. Whatever financial concessions it can offer, therefore, will almost certainly come with stiff conditions. Greece may have little option but to accept...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

...Zazi, the Colorado man accused of plotting perhaps the gravest U.S. terrorist attack since 9/11. November saw Major Nidal Malik Hasan gun down 13 people - including 12 of his fellow U.S. soldiers - at Ford Hood, Texas, in the deadliest assault on a military base in U.S. history. The latest blow came Dec. 7, when the U.S. Justice Department filed new charges against David Headley, 49, an American citizen arrested in October for allegedly helping plot a 2008 killing spree by Pakistan-based militants in Mumbai that killed more than 160 people, including six Americans. Headley is also charged with plotting...

Author: /time Magazine | Title: Alleged Terrorism Plotter David Headley | 12/9/2009 | See Source »

...Administered Tribal Areas have been destroyed over the past two years. Militants recently blew up a 12-room state-run high school and health clinic for boys in Hangu district, a small area nestled on the border of North Waziristan and the North-West Frontier Province. And they routinely blow up girls' schools in the Federally Administered Tribal Areas and North-West Frontier Province. Three have been destroyed in the past two weeks. (See pictures of suicide-bomb attacks in Islamabad...

Author: /time Magazine | Title: The Pakistani Taliban's War on Schoolchildren | 12/4/2009 | See Source »

...definition at some point the regime was not going to tolerate that, analysts say. "The breakaway, snowballing market is a threat to the regime," says Lim Kang-taeg, senior research fellow at the Korean Institute for National Unification, a government-sponsored think tank in Seoul. "This is a significant blow leveled at the market, and will help the government tighten up control...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...most failed state, became another bloody reminder of just how far the country has sunk. Midway through the event, a male suicide bomber disguised as a woman in a long black abaya, veil and shoes, blew himself up, killing three government ministers and 16 other people in a devastating blow to the country's weak transitional government...

Author: /time Magazine | Title: Suicide Bombing Marks a Grim New Turn for Somalia | 12/3/2009 | See Source »

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