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...described Europe's response to Russia's incursion into Georgia on Aug. 7. "There is complete disunity in the E.U." Not only is the Union's decision making structure inherently unwieldy, but there is a sharp political division evident between countries formerly occupied by the Soviet Union, backed by Britain and Scandinavia, and Western European powerhouses such as France and Germany - the former more inclined to confront Moscow and demand a tough response; the latter more concerned to restore calm and recognize Russia's centrality to the future economic and security stability of Europe...

Author: /time Magazine | Title: Wounded NATO Grapples with Russia | 8/19/2008 | See Source »

...James Bond ever tires of working for the Secret Intelligence Service (all those tedious long-haul flights), its sister organization, MI5, responsible for Britain's domestic security, might be interested. After all, the fictional spy has kept abreast of technology, is keenly aware that failed states harbor Britain's enemies, and has even given up smoking ("I can blow someone's head off, but I can't light a good cigar," growled current Bond actor Daniel Craig). Moreover, though still a ladykiller - sometimes quite literally - the priapic secret agent has morphed from infamous misogynist to indiscriminate misanthrope. He's discovered...

Author: /time Magazine | Title: British Spies: Licensed to Be Gay | 8/19/2008 | See Source »

...office developments hit the market. With more than 7 million sq ft (650,000 sq m) of speculative office space coming online in the City this year and next, according to Atisreal, British Land may not be the only developer to take a time out. Rival Land Securities, Britain's largest property firm, will decide next March whether to go ahead with construction of a planned 509 ft (155-m) tower around the corner from Leadenhall Building; it too was originally planned for completion in 2011. "It seems an increasingly large percentage of that pipeline [of new developments...

Author: /time Magazine | Title: A Renters' Market in London | 8/18/2008 | See Source »

...Kaczynski after the government signed the deal on Thursday, which allows 10 interceptor missiles to be installed in Poland by 2011-2013. Together with a radar facility in the neighboring Czech Republic, the missiles are intended to complete a defense system already in place in the U.S., Greenland and Britain...

Author: /time Magazine | Title: Behind Poland's Defying Russia | 8/18/2008 | See Source »

...boom. For one party, the Indian economy's amazing growth rates indicate that the country is a nascent superpower - an America in the making. As evidence, they can point to the growing clout of Indian firms like Bennett, Coleman & Co., a privately-owned Mumbai media conglomerate that recently bought Britain's Virgin Radio. For the other group of economists, the boom has been an illusion: the majority of Indians have been excluded from the growth, poverty rates have stayed stagnant, and India is still just a Sudan with a little icing on top. So who is right? As the current...

Author: /time Magazine | Title: The Burden of Inflation | 8/13/2008 | See Source »

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