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...took on more and more debt, certain that they could cover it because the value of their home would forever rise. They toppled regimes in two countries with little history of competent, representative government. They defined the war on terrorism so broadly that it put the U.S. in conflict not only with al-Qaeda but also with Hizballah and Hamas, with the Shi'ite theocracy in Iran and even with relatively secular autocracies like Syria's. They vowed to no longer tolerate dictatorships in the Middle East, which essentially committed the U.S. to a policy of regime change toward...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

...most obvious commitment Obama wants to liquidate, of course, is the war in Iraq. But how can the U.S. draw down its troop levels without letting Iraq spiral out of control? The answer, at least in part, is to end another conflict: America's proxy war with Iran. Since Iran is the other big foreign power with influence in Baghdad, the U.S. needs its help to prevent Iraq from sliding back into anarchy as we withdraw. A better relationship with Iran might also make it easier to achieve calm--if not peace--between Israel and its two nonstate foes Hizballah...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

...fighting between Nkunda's militia and Congolese soldiers broke out in August. More than 250,000 villagers have been displaced by the fighting; Human Rights Watch reports that 650 people were killed in December alone. But some analysts say the region's violence has less to do with tribal conflict and more to do with the struggle over control of its mineral resources...

Author: /time Magazine | Title: The World | 1/21/2009 | See Source »

...latest skirmish in the checkerspot conflict began in October 2007, when an attempt to fight an infestation of tree-destroying looper caterpillars aroused the ire of environmentalists, who argued the insecticide also threatened checkerspot larvae. The government denied demands for an emergency protected-species listing but agreed to reopen debate on permanently adding the checkerspot...

Author: /time Magazine | Title: Postcard from Cloudcroft | 1/21/2009 | See Source »

...supplying weapons, uniforms and men to Nkunda's rebels. Rwanda's initial response to the allegations was an angry denial. "This report is a calculated move to shift blame away from the government of DRC [Congo] and the international community - both of whom have failed to resolve the conflict in the eastern DRC despite numerous bilateral, regional and international initiatives in the last 14 years," read a Rwandan government statement. Tuesday's invasion can be seen as a follow-up to that argument: Rwanda, frustrated by Congolese and U.N. failure, is now trying to end the war itself...

Author: /time Magazine | Title: Rwandan Troops Enter Congo | 1/20/2009 | See Source »

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