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INDIA Back from the Brink in the Kashmir Conflict India lifted its five-month ban on pakistani commercial aircraft flying through its airspace and ordered its five battleships back to port from the Arabian Sea. In a further effort to reduce tensions with its nuclear armed neighbor, India resumed diplomatic relations by selecting its new High Commissioner to Pakistan. While these moves coincided with the arrival in the region of U.S. Defense Secretary Donald Rumsfeld, Indian officials said they came in response to indications that terrorist infiltration into Indian-administered Kashmir had slowed or stopped in the past two weeks...

Author: /time Magazine | Title: World Watch | 6/16/2002 | See Source »

...smoothly. In the first few months after taking office, Bush was under constant assault by European allies for his unilateralist foreign policy, including his snubbing of Moscow. Among the signs of disrespect: the ouster from the U.S. of 50 alleged Russian diplomat-spies in March 2001, the five-month delay before setting a first Bush-Putin meeting, and the threat, since carried out, to withdraw unilaterally from the 1972 U.S.-Soviet Antiballistic Missile Treaty in order to build a national missile-defense system. British Prime Minister Tony Blair personally urged Bush to tone down the rhetoric and engage with Putin...

Author: /time Magazine | Title: Our New Best Friend? | 5/27/2002 | See Source »

...hanging out with Bono than when he's talking about monetary policy. But what the U.S. Treasury Secretary suggests about the dollar matters a lot, because it affects all those things - trade, aid, the economy - that his trip with Bono to Africa is about. As the dollar hit five-month lows against the yen and slouched to around 92? to the euro, it became clear that O'Neill had abandoned the Clinton Administration's strong-dollar policy to let the markets rule. A strong dollar makes it cheaper for America to buy imports and expensive for others to buy American...

Author: /time Magazine | Title: Biz Watch | 5/26/2002 | See Source »

...smoothly. In the first few months after taking office, Bush was under constant assault by European allies for his unilateralist foreign policy, including his snubbing of Moscow. Among the signs of disrespect: the ouster from the U.S. of 50 alleged Russian diplomat-spies in March 2001, the five-month delay before setting a first Bush-Putin meeting, and the threat, since carried out, to withdraw unilaterally from the 1972 U.S.-Soviet Antiballistic Missile Treaty in order to build a national missile-defense system. British Prime Minister Tony Blair personally urged Bush to tone down the rhetoric and engage with Putin...

Author: /time Magazine | Title: Our New Best Friend? | 5/19/2002 | See Source »

...wall of lawsuits?including one that would have forced Tesco Lotus, the company's regional subsidiary, to shut off air conditioning because chilly stores posed a public health hazard to the equatorial Thai people. Frivolous legal actions were a minor nuisance compared with what came next. Over a five-month period last year, two Tesco Lotus outlets were bombed, another peppered with automatic weapons fire and yet another hit by a rocket-propelled grenade...

Author: /time Magazine | Title: Attack of the Superstore | 4/22/2002 | See Source »

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