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...Putin, Lord love 'im!" He did say quietly startling things like "We will listen. We will consult." And "We will strive to act preventively, not pre-emptively." And "America will act aggressively against climate change." He offered an unclenched fist to Iran and a willingness to push "the reset button" with Russia. (Read "Europe: No Blank Check for Obama on Global Security...

Author: /time Magazine | Title: The Quiet American: How the World Sees Obama | 2/19/2009 | See Source »

...obsession with process in the Obama Administration as well, but this is a necessary corrective. Rather than making peremptory judgments, pro and con, about foreign leaders, as Bush did, Obama seems predisposed to see every foreign policy problem in its global context - the decision to press the reset button with Russia, for example, could have a profound influence on the start of talks with Iran, especially if the Russians agree to help dissuade the Iranians from an illegal nuclear program (in return for a U.S. pledge to halt the antimissile defense system that Russia fears). Every decision will be evaluated...

Author: /time Magazine | Title: The Quiet American: How the World Sees Obama | 2/19/2009 | See Source »

...What about Best Picture? I don't consider that race to be close. Slumdog Millionaire is at even money, with The Curious Case of Benjamin Button at 7 to 2, Frost/Nixon at 5 to 1, Milk at 10 to 1 and The Reader at 15 to 1. If there's an upset in this category, I think it will come from deeper in the stack - not from Benjamin Button, but perhaps from Milk...

Author: /time Magazine | Title: Johnny Avello: Setting the Oscar Odds | 2/18/2009 | See Source »

...always offer what are called "proposition," or "prop," bets. This year, I took the total number of nominations for each movie and set a number for how many total Oscars the movie will win. Bettors choose to go over or under that number. So let's take Benjamin Button. The movie received 13 nominations. I hung the number at 2.5 and think the under is the favorite, meaning I don't think that movie will win any more than two Oscars overall. Another fun prop bet is the number of viewers that will be watching; this year, I hung that...

Author: /time Magazine | Title: Johnny Avello: Setting the Oscar Odds | 2/18/2009 | See Source »

...under President Barack Obama's administration. "The opposition party is looking to make an opportunity out of this big mistake," says Credit Suisse chief economist Hiromichi Shirakawa. Shirakawa says that if there were economic implications of Nakagawa's resignation, they might be that the DPJ would "push the reset button" on Aso's pending budget proposal, which includes an unpopular hand out of $21.7 billion to the Japanese public. The opposition Democratic Party of Japan, he says, "can now argue that the government has already lost their ability to get back on a path to recovery...

Author: /time Magazine | Title: Japan's 'Drunk' Finance Chief Steps Down | 2/17/2009 | See Source »

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