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...problems, new ones are appearing as well. Fears continue to mount that the loose monetary policies put in place by central banks worldwide are creating potentially destabilizing increases in property and stock prices. "Asset bubbles could be the next fragility as the world recovers, threatening again to destroy livelihoods and trap millions more in poverty," World Bank President Robert Zoellick recently wrote in the Financial Times. Property-market analyst Nicole Wong at brokerage CLSA argues that Hong Kong may inevitably be heading for "another boom and bust" in its real estate sector, due to a combination of tight supply...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...ninth year, and public support is waning. But Obama on Tuesday repeated his belief that neither al-Qaeda nor its allies can be permitted to flourish in Afghanistan. "We are going to dismantle and degrade their capabilities and ultimately dismantle and destroy their networks," he said. "It is my intention to finish the job." (See pictures of Osama Bin Laden...

Author: /time Magazine | Title: Obama Weighs the Cost of an Afghan Surge | 11/25/2009 | See Source »

...planning committee of the Jerusalem Municipality last week approved the expansion of Gilo, an Israeli suburb that straddles the pre-1967 West Bank border. The decision threatens to cover the green valley that includes Wallajeh with a new housing development. That would destroy Abed-Rabbo's dream of returning to his farm full of olive trees overlooking the Jerusalem Biblical Zoo and most likely deprive him of his patrimony forever. "I am one small man," Abed-Rabbo tells TIME. "All I want is to live on my land in peace...

Author: /time Magazine | Title: In His Cave, a Palestinian Farmer Makes a Stand | 11/25/2009 | See Source »

...college has already taught 11,500 police personnel from eight states how to raid Naxal hideouts, conduct search-and-destroy operations at gun-manufacturing camps, clear roads of improvised explosives using sniffer dogs, set up roadside checkpoints and set up covert outposts in enemy territory. During the 45-day course, commandos-in-training get up at dawn for early morning conditioning, including three-mile runs up steep, rocky knobs plus strength training, yoga and meditation. (Ponwar insists that all officers who still have a paunch by the end of the course are failed.) To dispel officers' fear of the jungle...

Author: /time Magazine | Title: India Steps Up Its Fight Against Naxalites | 11/20/2009 | See Source »

...primary cause of the disaster, and this could yet get the Corps off the hook. Engineers have calculated that it raised the height of the surge by about two feet, still not enough to overtop the most important levees. The canal has carried enough saltwater from the Gulf to destroy an estimated 100 square miles of valuable freshwater wetlands, but that's just a tiny slice of the land-loss crisis. The Corps can still make the case that adequate flood walls would have withstood the extra surge created by Mr. Go - and that the inadequacy of the flood walls...

Author: /time Magazine | Title: Will the Katrina Ruling Prevent Another Disaster? | 11/19/2009 | See Source »

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