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...they may be shortsighted. A recent study conducted by the International Crisis Group, a Brussels-based NGO, argues that it would be beneficial, both for the government and the country, to gradually integrate the Brotherhood into Egypt's political system. ICG analysts say that Mubarak's efforts to combat the Brothers have "noticeably degraded the quality of parliamentary and political life, entrenching the NDP's virtual monopoly and dealing a severe blow to the legal, non-Islamist opposition...

Author: /time Magazine | Title: Mubarak Asserts Control in Egypt | 7/15/2008 | See Source »

...races, religions and regions. Some support the war, some don't. What they have in common besides their mission is that they are bred-in-the-bone products of American pop culture. They quote South Park while rolling through the blasted countryside. They sing along to Avril Lavigne, compare combat to Grand Theft Auto and recite N.W.A. lyrics for inspiration. One of them--in a twist on a famous theory of New York Times columnist Thomas Friedman's--suggests American consumerism will pacify Iraq. "How else we going to make these hungry motherf___ers want to stop killing everybody...

Author: /time Magazine | Title: Theater of the Absurd | 7/10/2008 | See Source »

...bringing on a cascade of additional foreclosures and economic trouble in their wake. "I get this sense in an increasing number of markets around the country that this death spiral is developing," says Mark Zandi, chief economist of Moody's Economy.com and an outspoken advocate of doing more to combat foreclosures...

Author: /time Magazine | Title: The Not-Quite Bailout | 7/10/2008 | See Source »

...house prices keep falling, the cost of the program could rise--but would probably be dwarfed by other spending to combat the crisis. A worst-case taxpayer bailout of mortgage-market giants Fannie Mae and Freddie Mac, whose plummeting stock prices caused consternation in early June, could cost as much as $1.1 trillion, according to Standard & Poor's. Which brings us back to the big question: Would a law that helps a few hundred thousand homeowners avoid foreclosure really have an impact on house prices? Well, compared to what...

Author: /time Magazine | Title: The Not-Quite Bailout | 7/10/2008 | See Source »

...years.) That's a disappointment, not just because of the missed opportunity to engage developing nations. Without the signpost of a medium-term target, a vague promise to cut emissions more than four decades from now is unlikely to unleash the kind of economy-changing investments needed to truly combat climate change. "It says nothing specific about what the developed countries will do between now and 2020, and says that developing countries should commit to binding measures in a new treaty," says Philip Clapp, deputy managing director of the Pew Environment Group. "The question about that language is if that...

Author: /time Magazine | Title: A Green Let-Down at the G-8 Summit | 7/8/2008 | See Source »

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