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...budget deficit, while in France, President Nicolas Sarkozy is looking to add to the country's debt though a huge government-bond issue next year. Such divergences are already causing alarm. Unless exit strategies also address the long-term sustainability of public finance and other challenges, Stark says, "the current crisis is bound to be exacerbated by a sovereign debt crisis...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...Canals can mitigate seasonal floods, but beyond mass relocation, nothing will proof coastal cities against rising oceans. Even a slight rise in sea level will engulf large parts of Dhaka, warns UN-HABITAT, while Bangkok and Jakarta are both so vulnerable that it is "beyond the current capacity" of residents to adapt, warns Herminia Francisco, who co-authored the EEPSEA report. This helps explains why, as I write this, the streets in my neighborhood are filling up with water. When the rain stops, one or two residents will shuffle through dirty, ankle-deep water to light incense at the local...

Author: /time Magazine | Title: Treading Water | 9/28/2009 | See Source »

What role does the Federal Reserve have in our current economic downturn? -Brad Thomas, Kalamazoo, Mich. The Federal Reserve is the key element in the formation and collapse of financial bubbles. They're a government unto themselves. They print their own money. So if people have any concern whatsoever about the serious financial problems that we have, they have to know about what the Federal Reserve is doing...

Author: /time Magazine | Title: 10 Questions for Ron Paul | 9/28/2009 | See Source »

...time before it meets the threshold for inclusion in the Diagnostic and Statistical Manual of Mental Disorders (DSM-V). "The central issue is the absence of research literature on this," says Dr. Charles O'Brien, director of the University of Pennsylvania's Center for Studies in Addiction and the current chair of the DSM-V committee to revise the manual, adding that with the backdrop of the health-care debate, now is a precarious time to introduce new disorders that will require more money to treat...

Author: /time Magazine | Title: A New Recovery Center for the Woes of Warcraft | 9/27/2009 | See Source »

...Syria is not about to hand over former Baathists for prosecution, either. Syrian officials point out that their country protected many members of the current Iraqi government when they were exiled by Saddam, including Maliki himself, who spent 20 years in Damascus. "There are [now] 1.5 million Iraqi refugees in Syria," Fayssal Mekdad, Syria's Vice Minister of Foreign Affairs tells TIME. "When they came here we didn't ask them what party they belonged to. We just opened our doors...

Author: /time Magazine | Title: Can Former Iraqi Baathists in Syria Ever Go Home? | 9/27/2009 | See Source »

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