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...planned 15,000-strong force of international troops would be in the [an error occurred while processing this directive] region. "You can be sure that the E.U. is with you," he had said the previous day in Beirut. But last week, Europe - particularly France - took a closer look at the situation and effectively gulped in horror. A defiant Hizballah said it had no intention of handing over its arms. The rules of engagement under which the international force would act remain "fuzzy," French Defense Minister Michèle Alliot-Marie insisted, to worried nods of agreement from other European capitals...

Author: /time Magazine | Title: Europe's Collective Inaction in Lebanon | 8/20/2006 | See Source »

What they say is that 2008 is closer than it looks on your calendar. Whereas her husband could wait until just four months before the first caucus to make his announcement, a front-loaded presidential primary-and-caucus schedule and a growing field of contenders don't give Hillary that luxury. Her strategists tell TIME they are urging her to make her intentions clear by next spring--by forming an exploratory committee, for instance--to lock up fund-raising and political talent. Those close enough to know say that she is genuinely undecided but that Bill is not disguising...

Author: /time Magazine | Title: Hillary: Love Her, Hate Her | 8/20/2006 | See Source »

...some market watchers point out that the run-up in emerging markets has left stocks pretty darn pricey. The average price-to-book ratio for such equities has been in the neighborhood of 1.5 to 2 since the mid-1990s, says Schweitzer. Today that ratio is closer to 2.25. "We've had a correction," he says, "but they are still expensive relative to their own history." That's part of the reason Schweitzer is currently finding more value for his money in developed markets like Western Europe...

Author: /time Magazine | Title: global investing: The Allure of Over There | 8/20/2006 | See Source »

...used to be known as Zhongdian until the Chinese government renamed it in a bid to lure tourists), Ringha's well-heated two-story Tibetan-style houses feature lovely wooden bathtubs for two, while the spa offers traditional gui shi hot-stone massages that will have you feeling even closer to heaven than the property's 3,600-m elevation. Local villagers opposed to the development will sometimes bring you back down with a bump - they've been known to set up roadblocks and demand tolls from guests - but general manager Richard Neo will come to your rescue by golf...

Author: /time Magazine | Title: Peak Time | 8/16/2006 | See Source »

...great deal on a personal level with Kim that could not happen any other way. Bush should do the same thing with President Mahmoud Ahmadinejad of Iran. What does Bush have to lose, for God's sake? As the saying goes, "Keep your friends close and your enemies closer." John Vehon Dallas...

Author: /time Magazine | Title: Letters | 8/14/2006 | See Source »

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