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...rest of Ireland's public-sector workforce, she faces a probable wage cut in December when public spending is expected to be slashed in the budget in a bid to reduce Ireland's gaping deficit. "No one even knows if [NAMA] will work because it's never been done before," she says. "All I know is that it won't be the developers or bankers who'll be feeling the pain if it all goes wrong." (Read "Ireland's Economy: Celtic Crunch Time...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...Pakistan are widely known. Earlier negotiations, including so-called "back channel" talks between unofficial representatives of India's Singh and Pakistan's former President, Pervez Musharraf, had moved the two countries toward soft borders, free trade and some kind of joint governance of Kashmir. "Nothing more needs to be done," says Sardar Qayyum Khan, former Prime Minister of Pakistani Kashmir. I heard repeatedly from Kashmiris that an end to the political uncertainty is more important than the details of any proposal. "Anything," says Yasser Kazmi, founder of Myasa Network Solutions, one of Kashmir's oldest IT firms. "Any solution that...

Author: /time Magazine | Title: India's War at Home | 10/26/2009 | See Source »

Naylor's secession call - an appeal for local control - went over well. "F--- America," said Will Neils, 32, a Green Party activist from Lincolnville, Me. "What have they done for us lately? Bush f---ed us, Clinton f---ed us. Let's cut the United States loose and let it drift downstream." Maine should stand up for Mainers, said Neils. In his view, the common enemy uniting Mainers, especially in the impoverished communities Neils grew up in, is government "run by and for the rich and on the backs of the poor." "I live beside conservatives," said Neils, "and there...

Author: /time Magazine | Title: How the Beans of Egypt, Maine, Sprouted a Militia | 10/24/2009 | See Source »

...make something as ephemeral as music memorable to people,” he said. “I want it to live long enough inside of them to inspire action—then my job as a performer is done. I feel that it’s the same with teaching...

Author: By Julie R. Barzilay, CONTRIBUTING WRITER | Title: Yo-Yo Ma Completes GSE Residency | 10/23/2009 | See Source »

...China's strong rebound this year, Chinese officials remain cautious. On Sept. 11 Premier Wen Jiabao said "the stabilization and recovery of the Chinese economy is not yet steady, solid and balanced." China's stimulus package - the equivalent of 14% of GDP - focused on large infrastructure projects, work often done by large state-owned construction firms. Similarly, the lending spree was primarily directed at state-owned enterprises that offer banks an implicit guarantee that the government will cover outstanding debts. The downturn in exports mainly hurt small- and medium-sized firms in the south, which are usually private owned...

Author: /time Magazine | Title: China's Economy: Not Yet Mission Accomplished | 10/23/2009 | See Source »

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