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...Palestinians reacted to Netanyahu's swearing-in with deep pessimism. Senior advisers to Palestinian Authority President Mahmoud Abbas told TIME that after having failed to extract any concessions from former Israeli Premier Ehud Olmert, Abbas expects even less progress from Netanyahu on such key issues as a halt to the construction of illegal Jewish settlements and the removal of more than 550 army checkpoints in the West Bank, which are paralyzing the movement of Palestinians. These sources told TIME that Abbas - who not only confronts a new, hawkish Israeli government but also the loss of the Gaza Strip to Islamic...

Author: /time Magazine | Title: Israel's New Leader: Can the U.S. Work with Netanyahu? | 4/1/2009 | See Source »

...would happen to the real economy if the banks are left on their own to work through loan failure of this magnitude. "Germany has not succeeded yet in getting control of the financial crisis," says Klaus Zimmermann, president of the Berlin-based DIW economic research institute. "We must quickly extract the toxic assets from the system so that the banks can finally reassume their service role for the real economy...

Author: /time Magazine | Title: Why Berlin Says U.S. 'Bad Bank' Plan Is Bad | 3/30/2009 | See Source »

...nearby, the rush for oil and gas is intense; last year, Russian, Thai and Vietnamese companies signed exploration deals with the junta. In late December, a consortium of four foreign companies, led by South Korea's Daewoo, inked an agreement with the junta and China National Petroleum Corp. to extract natural gas from Arakan's offshore Shwe fields and pipe it northeast through Burma to China's Yunnan province. The pipeline, along with a plan for a new deepwater port in Arakan where ships laden with Middle Eastern oil can dock and disgorge their valuable cargo, gives China an alternative...

Author: /time Magazine | Title: The Scramble For A Piece of Burma | 3/19/2009 | See Source »

...Cheney didn't sugarcoat his attacks on the Obama Administration, saying its counterterrorism policies "will in fact raise the risk to the American people" of another terrorist attack. Cheney claimed that the Bush policies - including holding suspects at Guantánamo Bay and using harsh interrogation techniques to extract information from them - had helped prevent another attack after 9/11...

Author: /time Magazine | Title: What's Behind Dick Cheney's New Attacks? | 3/19/2009 | See Source »

...Sgarbi was sentenced to six years in prison for fraud, attempted fraud and attempted blackmail. Sgarbi confessed that not only did he dine, bewitch and bed a number of married women, but tricked them into paying him to keep quiet. In two cases, he confessed, he used blackmail to extract money. (Read: "The Royal Blackmail Mystery...

Author: /time Magazine | Title: The Swiss Gigolo and the German Billionaire | 3/9/2009 | See Source »

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