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Things could not have gone more smoothly for Secretary of State-nominee Hillary Clinton in her Senate confirmation hearings on Tuesday. Completely on top of her brief, Clinton was masterful on issues as obscure as America's arctic territorial concerns and the Law of the Sea treaty, and she deftly threaded the needle on such contentious issues as the fighting in Gaza and historic Turkish-Armenian tensions. Republicans and Democrats alike were lavish in their praise. Senator Richard Lugar, the ranking Republican, extolled "her impressive skills, her compassion, her collegiality." California Democratic Senator Barbara Boxer blurted...

Author: /time Magazine | Title: A Blip in Hillary Clinton's Senate Lovefest: Bill's Donations | 1/14/2009 | See Source »

...quietly been raising red flags among his colleagues. Earlier that month, the European Central Bank had startled traders by pumping close to 100 billion euros into the short-term-credit markets - an unexpectedly massive intervention. It was as if the global financial system had had an angina attack, a brief, unexpectedly painful episode that signaled what a few senior Fed officials were beginning to fear: a full-blown economic heart attack might well be coming. During the Jackson Hole meetings, Geithner pressed the view that Fed policy was behind the curve; the problem in the credit markets...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

...Lowdown: There are two groups of people who should read this fairly brief report - students in a current-events class, and everyone else. While fairly shallow in terms of details (it describes how a series of arrests in Jordan "brought citizens rights to speak freely into question" but neglects to mention what the arrests were about), the overall sketch of events across the world comprises a sort of "freedom 2008 yearbook." Did you know Bhutan had "largely successful national elections" in 2008? Did you know that "The Comoros' political rights rating improved from 4 to 3 due to the restoration...

Author: /time Magazine | Title: Which Nations Are Freer Than Others? | 1/14/2009 | See Source »

...Mogadishu, reflecting the moderate, tolerant Islam that has traditionally prevailed in Somalia. But Somalia hasn't had a government to speak of for 18 years. There are no institutions that can be revived to institutionalize the new pro-law, anti-extremist movement. And the ICU is remembered, during its brief reign, for bringing the first semblance of law and order Somalia had seen in a generation...

Author: /time Magazine | Title: After Ethiopia Exit, What Next for Somalia? | 1/14/2009 | See Source »

...played host to Israeli Foreign Minister Tzipi Livni). The Hamas source commented pessimistically, "We're 100% sure that Israel won't accept our demands, but let's see how far the Egyptians get with them." Israeli Prime Minister Ehud Olmert held a late-night meeting with his advisers to brief envoy Amos Gilad, who flies to Cairo Thursday for talks with the Egyptians. (See pictures of Israeli soldiers sweeping into Gaza...

Author: /time Magazine | Title: Egypt Works to Broker a Hamas-Israel Cease-Fire | 1/14/2009 | See Source »

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