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...charge of the budget portfolio, he will lead talks with the other parties on constitutional changes. These talks will be amongst a group of 12 established political names that Verhofstadt will choose - although the departing prime minister will not himself be part of the process. If these talks fail, there is the chance that the interim government could stay on until the regional elections in 2009, which might then double up with another federal poll. But such chatter underlines the fragile nature of Belgium, and its perennial state of compromise. Although there is relief that Belgium finally has a government...

Author: /time Magazine | Title: Belgium Finally Gets a Government | 12/21/2007 | See Source »

...year we confront the hassles of "exterior illumination," the perfect tree, the extravagant and costly family gifts, the visiting relatives who wish they were somewhere else, the big dinner, the disorganized cleanup afterward and the demolished, sad-looking house we are left with. Yet despite it all, we never fail to say to ourselves, "We did it." When we watch the movie every year, we are not laughing at Griswold's unreal expectations or foibles - we are laughing at ourselves. Craig J. Miller, DUNCANSVILLE...

Author: /time Magazine | Title: Obama on the Offensive | 12/20/2007 | See Source »

...heights the loonie reached, for the economic upheaval (both good and bad) it brought, and for the rare bird's-eye view that Canada got, looking down on its best friend and biggest rival in the world - where, let us not forget, people rarely fail to find the term loonie hilarious to begin with - the lofty loonie is TIME's Canadian Newsmaker of the Year...

Author: /time Magazine | Title: The Loonie Takes Off in Canada | 12/20/2007 | See Source »

...peculiarity of my almost 20 years experience as the only Russian citizen among the select corps of TIME correspondents is that I often enough fail to see Russian matters eye-to-eye with my friends and colleagues at the magazine. Not that I always prove right. Still, I believe I'm right about this: Putin's formal emergence as the only viable national leader, and his tacit acceptance of the role, mark for Russia a point of no return in its slide into a new authoritarianism, the shape and nature of which cannot yet be fully defined. I'm sure...

Author: /time Magazine | Title: Putin and TIME: The View From Russia | 12/20/2007 | See Source »

...came in the form of European Commission plans to fine carmakers if they fail to meet their emission targets. The proposals could slap annual penalties worth billions of euros on carmakers if they miss targets. The measures are the latest weapon to force them to slash new vehicle emissions from the current level of about 158 grams of carbon dioxide (CO2) per kilometer to 120g/km by 2012. Penalties will start in 2012 at €20 euros ($28.80) per gram of CO2 over the target, and will grow...

Author: /time Magazine | Title: Resistance to Europe's Emissions Plan | 12/19/2007 | See Source »

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