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...eyes are now on the G20 summit, to be held in London on April 2. "One way to shore up investor confidence and stop the wholesale sell-off would be to get a coordinated response from the G20," says Shearing. "The market is being driven by fear and panic right now, which is what happens in a crisis. They could open up funding for the region through tie-ins with central banks in Western Europe or make available an IMF crisis fund of $500 billion for emerging Europe during the downturn...

Author: /time Magazine | Title: The Economic Crisis Hits Eastern Europe | 2/25/2009 | See Source »

...tempting to assume that Denmark is innately green, with the kind of Scandinavian good conscience that has made it such a pleasant global citizen since, oh, the whole Viking thing. But the country's policies were actually born from a different emotion, one now in common currency: fear. When the 1973 oil crisis hit, 90% of Denmark's energy came from petroleum, almost all of it imported. Buffeted by the same supply shocks that hit the rest of the developed world, Denmark launched a rapid drive for energy conservation, to the point of introducing car-free Sundays and asking businesses...

Author: /time Magazine | Title: Denmark's Wind of Change | 2/25/2009 | See Source »

When Harvard College raises its tuition, it is usually to stay on pace with the inflation rate. But while the inflation rate for this past year is only 0.1 percent, and fear of deflation looms, Harvard is raising its tuition by 3.5 percent, responding to greater demand for financial aid in addition to compensating for the plummeting endowment...

Author: By Bonnie J. Kavoussi and Jillian K. Kushner, CRIMSON STAFF WRITERSS | Title: Tuition Upped To Match Financial Aid Demand | 2/25/2009 | See Source »

...President Barack Obama prepares to green-light a plan to withdraw most U.S. combat troops from Iraq within 18 months, he'll face skepticism from some military commanders who fear the withdrawal may be too hasty to maintain the country's recent security gains. But the President ought to be reassured by the assessment of Marine Major General John Kelly, who just completed a 13-month tour as the top U.S. commander in Anbar province...

Author: /time Magazine | Title: Obama's Iraq Pullout Plan: An O.K. from Anbar | 2/25/2009 | See Source »

...weeks. Sharif and smaller opposition groups maintain that Chaudhry is the rightful Chief Justice and should be reinstated immediately. The ruling coalition argues that he is "too politicized" to return to office. And while the opposition says it has no wish to derail Pakistan's fledgling democracy, critics fear that street protests could tip the country into deeper chaos, or even invite military intervention. Pakistan's armed forces have always been the country's ultimate power broker, if not its true center of power. Since the fall of Musharraf, the new army chief, General Ashfaq Kiyani, has kept a relatively...

Author: /time Magazine | Title: Ruling Throws Pakistan into New Political Turmoil | 2/25/2009 | See Source »

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