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...President Obama aptly characterized the current recession recently as one caused by a "perfect storm of irresponsibility and poor decision-making that stretched from Wall Street to Washington to Main Street." Yet the Obama phenomenon could be brewing a more perfect storm, wherein an F.D.R.-L.B.J. - style government would promote intrusions that could inflict great social, political and economic devastation on us. Daniel B. Jeffs, Apple Valley, Calif...

Author: /time Magazine | Title: Inbox | 5/25/2009 | See Source »

Abaje says he is uncertain whether the government will indeed keep offering a salary for him and his fellow Awakening members given the current economic picture and is unsure how he would support his family if not. His case is one of hundreds that worry U.S. and Iraqi officials, who fear that the lingering insurgency will lure Awakening members into its ranks with financial incentives the government may no longer be able to afford...

Author: /time Magazine | Title: How the Economy Could Crush Iraq's Hopes | 5/23/2009 | See Source »

...Russia in the future, and to emphasize the need for new ad hoc arrangements in the format proposed by Russia," says Dmitry Orlov, head of the Agency for Political and Economic Communications, a Moscow-based think tank. During the talks, Medvedev reiterated that Russia would not participate in the current version of the document. Because of Medvedev's steadfastness, Orlov believes the E.U. is "now ready to consider new positions on energy questions." (See TIME's special package on the Russia-Georgia...

Author: /time Magazine | Title: No Gas Deal at the E.U.-Russia Summit | 5/23/2009 | See Source »

...Words were also traded between the two sides concerning the place of Georgia in current defense architecture. Russia remains suspicious about security frameworks expanding into its Soviet-era sphere of influence...

Author: /time Magazine | Title: No Gas Deal at the E.U.-Russia Summit | 5/23/2009 | See Source »

...highly unlikely that the United States will be able to persuade or pressure Iran to forgo uranium enrichment entirely," former Bush Administration State Department official and current Council on Foreign Relations president Richard Haass recently noted. "The best that can be hoped for is a ceiling on what Tehran does - in particular, not enrich uranium to a concentration required for a weapon - and intrusive inspections so that the world can be confident of this. The outcome is less than ideal, to say the least, but it is one we could live with...

Author: /time Magazine | Title: Iran's Missile Test: A Message to Obama | 5/22/2009 | See Source »

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