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...absence of a consensus on fighting the militants compounds Zardari's difficulties in tackling the economic crisis he inherited - a crisis that, in turn, threatens to deepen the militant challenge. Rising world oil and food prices have sent the inflation rate soaring to 25% (and as much as four times that on basic foodstuffs), while the political uncertainty over the past 18 months fueled extensive capital flight that has weakened the rupee and depleted forex reserves. A failure to increase the capacity of electricity production now plunges Pakistan's main cities into darkness for up to ten hours...

Author: /time Magazine | Title: Time and Money Running Out for Pakistan | 10/25/2008 | See Source »

...talking about or not. I wanted to create the kind of dizzying sense that there is a deranged person just speaking and speaking and speaking. If you catch the references, all the better. If you are tempted to try to look up some of the references, it might deepen your experience and you might find jokes that you hadn't gotten before. This is obviously a risky area of humor and is not always funny to people...

Author: /time Magazine | Title: John Hodgman | 10/21/2008 | See Source »

Thailand's political crisis appeared to deepen on Tuesday when the country's Supreme Court sentenced former Prime Minister Thaksin Shinawatra to two years in prison for violating conflict of interest laws while in office. The Supreme Court delivered a victory to the anti-Thaksin protesters that have been camped out in Bangkok for months when it ruled 5 to 4 that the former Thai leader broke Thai law by approving the sale of state-owned Bangkok real estate to his wife for $22.7 million...

Author: /time Magazine | Title: Thai Court Gives Thaksin Two Years | 10/21/2008 | See Source »

...chiefs scheduled for Friday in Washington. On Tuesday, Japan's Prime Minister, Taro Aso, urged industrialized countries to take further measures to shore up credit markets. "The impact would be substantial if the G-7 didn't send a clear message," he said. Meanwhile, as the crisis continues to deepen, Asia's frustration continues to mount. "Masters of the Universe have bitten the dust, the same dust that is now in the mouths of the rest of us," Nirupam Sen, India's permanent representative to the U.N., said on Monday. The dust doesn't look likely to settle anytime soon...

Author: /time Magazine | Title: US-Europe Rate Cut Comes Too Late for Asia | 10/8/2008 | See Source »

...wake of a second school shooting in 10 months--which claimed 11 lives at a trade school 180 miles (290 km) northwest of the capital--the government announced it will move to tighten Finland's lax gun laws by submitting amendments to Parliament that would restrict licensing and deepen background checks. The nation's strong hunting tradition has spurred one of the world's highest rates of gun ownership...

Author: /time Magazine | Title: The World | 10/2/2008 | See Source »

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