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...widely expected anointing of Germany's silver-haired Foreign Minister, Frank-Walter Steinmeier, known as the "Graue Effizienz" (a play on the term "Grey Eminence"), as the party's candidate for Chancellor - a post Beck had until recently been eyeing himself. In another unexpected move, the party's former chairman, Franz Muentefering, like Steinmeier a close aide to former Chancellor Gerhard Schroeder, was put forward (though not yet formally voted in) to replace Beck as party chairman...

Author: /time Magazine | Title: A Shake-Up in German Politics | 9/8/2008 | See Source »

...General David Petraeus, the top U.S. commander in Iraq, wanted to maintain the current force level through next June, but agreed to the modest troop reduction under pressure from Defense Secretary Robert Gates and Admiral Mike Mullen, chairman of the Joint Chiefs of Staff. They are eager to divert additional troops to Afghanistan, which can only happen if troops are pulled out of Iraq. Petraeus will soon inherit responsibility for overseeing both Afghanistan and Iraq when he becomes head of U.S. Central Command...

Author: /time Magazine | Title: How Fast Should Iraq Re-Arm? | 9/6/2008 | See Source »

Irrational Exuberance may have come out just as the market peaked in 2000, for example, but Shiller had actually begun voicing his worries about high stock prices years before. Fed Chairman Greenspan got an earful from the economist a few days before making his "irrational exuberance" speech in 1996 suggesting the market was overvalued. But prices kept rising, and Greenspan concluded that he shouldn't try to outguess the market. Other economists have since shown that acting on Shiller's bearish advice then would have cost an investor big gains over the subsequent decade. One man was no match...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

...regions that are actively seeking to develop their biotech industries. "The incentives are totally misaligned. The repetitive nature of funding the same universities and the same people--all of these things add up to the stagnant position that we're in," says Doug Ulman, president of the LAF and chairman of the Director's Consumer Liaison Group...

Author: /time Magazine | Title: He Won His Battle With Cancer | 9/4/2008 | See Source »

...troubled by the frequency and persistence of attacks like the one at Azizabad. "You can't have casualties and no end in sight," President Hamid Karzai told TIME recently. Senior U.S. officials agree. When military operations claim civilian lives, "it really does set us back," Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, told reporters on Aug. 28 while discussing the Azizabad operation. "So we work exceptionally hard to make sure that doesn't happen...

Author: /time Magazine | Title: Afghan Civilian Deaths: A Rising Toll | 9/4/2008 | See Source »

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