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...Final Solution remains the archetype of man's bestiality to man, and there are compelling reasons for this to be so. The villain: Hitler still seems the embodiment of melodramatic evil, a spellbinder sent from hell or central casting. The perpetrators: a civilized Western nation conceived the outrage of genocide and executed the plan with technological precision; if the Germans could do it, anyone could. The victims: the Jews, eternal outsiders, were traditionally treated by Christians with an uneasy mixture of envy and enmity. Here was the seed of ordinary anti-Semitism brought to rancid fruition...

Author: /time Magazine | Title: Defiance: Beyond Holo-kitsch | 1/1/2009 | See Source »

...Before the euro, a financial crisis in Europe went hand in hand with currency woes: a run on weaker currencies, heavy intervention by central banks and finally a collapse of the parity system. "I've lived through currency devaluations, and they are fraught with anxieties," says Hans Martens, chief executive of the European Policy Centre. "But the way the euro coped with the financial crisis was absolutely great. You have a big island of stability, with small nations protected when the big waves became rough...

Author: /time Magazine | Title: Is the Euro the New Dollar? | 1/1/2009 | See Source »

...would be very glad to see peace and a central government in Somalia, but I do not think that the departure of [Yusuf] and Ethiopian troops will bring a peace," the departing President's adviser Abbi Has tells TIME. "Yusuf and Ethiopian troops were not in Somalia when the Somali people began to be held ransom, so all those people who are now saying Yusuf is blocking peace, where were they at that time?" - With reporting by Alexander Dawale / Nairobi...

Author: /time Magazine | Title: In Somalia, a Transitional President Is Out | 12/30/2008 | See Source »

...alleging access violations. He was dubbed a "hit-and-run plaintiff" in 2004 by a federal judge and barred from filing any more lawsuits. Molski, of course, appealed to the U.S. Supreme Court, which finally rejected his case on Nov. 17 without comment. Molski must now petition the Central District Court of California and all state courts first before filing any new lawsuits. (See the top 10 underreported stories...

Author: /time Magazine | Title: Lawsuits by the Disabled: Abuse of the System? | 12/29/2008 | See Source »

...crunch," as central-bank governor Sinan al-Shibibi described it, lasted for several months and was only recently rectified. "We had some temporary problems," he said, explaining that they were precipitated by the government's public-sector pay raises that took effect in July. "There should be more coordination between the central bank and the government to assess and to project for the demand for currency by the government." That is quite the understatement...

Author: /time Magazine | Title: Mismanaging Iraq: No Cash to Carry | 12/29/2008 | See Source »

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