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...their own variants on the recapitalization scheme. But it's also because Britain is no longer in the vanguard in dealing with the crisis. Germany's recently unveiled stimulus package came later but is bigger than its British equivalent. The world is understandably much more interested in what President-elect Barack Obama's Administration will do than in what is being done in Britain today. (See pictures of the financial crisis in London...

Author: /time Magazine | Title: Gordon Brown Rescues British Banks — Again | 1/19/2009 | See Source »

...House Democrats unveiled the details of their planned $825 billion stimulus package on Thursday, renewable energy advocates were watching closely. On the campaign trail, President-elect Barack Obama had promised to boost spending on alternative power and energy efficiency, not only to combat climate change but also to promote "green jobs" - like solar panel manufacture and weatherizing of buildings. With spiking unemployment, green jobs would have to be the solution for saving the Earth - and the economy...

Author: /time Magazine | Title: Solar Power Needs a Bailout Too | 1/18/2009 | See Source »

...this former Congressman and now two-term governor of Anzoategui, a prime oil-producing state on Venezuela's eastern coast, is also one of President Hugo Chávez's most popular and devoted lieutenants. That means he has lots of issues with the U.S. and is watching President-elect Barack Obama with a hopeful but wary...

Author: /time Magazine | Title: Latin America Looks for a Fresh Start with Obama | 1/18/2009 | See Source »

...region is ready for a fresh start: the sheer fact that los yanquis elected a liberal African American as President has already done a good deal to alter Uncle Sam's image in Latin America, even among leftists. None other than Chávez said last month that "there are winds in favor of relations between the Venezuelan government and the new President of the U.S." Cuban President Raúl Castro has said much the same. The amiability turned sour this weekend, however, when Chávez, reacting to a new Univision interview with Obama in which the President...

Author: /time Magazine | Title: Latin America Looks for a Fresh Start with Obama | 1/18/2009 | See Source »

...menu, appropriately pairing different drinks with past presidents. For Calvin Coolidge, it's cranberry juice and soda, a rather gentle, Puritan tonic. There's the Tanqueray martini for Roosevelt, a Beefeater martini for Kennedy, Madeira wine for founding father George Washington, and now, the Obama Shake for the President-elect. Colored the palest of pinks, this refreshing and frothy drink is served over crushed ice in a wine glass and garnished with a sprig of mint, certainly a dramatic switch from senator-approved honeyed liquors, like scotch. Made with a mix of berries - black-, blue-, straw- and raspberries - the crisp...

Author: /time Magazine | Title: A D.C. Club Guide for Inaugural Weekend | 1/17/2009 | See Source »

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