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...skilled and immigrant workers, which does not help prepare Europe for the future. Indeed, consensus is gathering around a new model, which is neither the unbridled neo-liberalism of the U.S. nor the failsafe job protection of France, Germany and Italy. It's a policy born in Denmark, dubbed "flex security," which keeps the cost of layoffs low for employers and the benefits (including retraining services) high for those laid off. Perhaps both John Maynard Keynes and Ronald Reagan would approve...

Author: /time Magazine | Title: Europeans Sour on American-Style Capitalism | 11/17/2009 | See Source »

...strains remain in Beijing's ties with three of China's most important neighbors: Australia, India and Japan. Even relations with Russia, which have achieved historic highs since the collapse of the Soviet Union, have run into obstacles. This is unsurprising. As Beijing expands its influence and begins to flex its new muscle on the world stage, it's to be expected that China will engender occasional discord with other nations. (Read "The China-India Rivalry: Watching the Border...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...regime's response on Sunday was to flex its military muscle. To shouts of "Allahu akbar," the Revolutionary Guards test-fired short-range missiles to demonstrate that Iran has the necessary arsenal to defend itself. "We are going to respond to any military action in a crushing manner, and it doesn't make any difference which country or regime has launched the aggression," said General Hossein Salami, head of the Revolutionary Guard Air Force, according to Iran's state media. The tests were successful, with the short-range missiles hitting their targets, he said. (Read "Iran Standoff: Is a Nuclear...

Author: /time Magazine | Title: Power to Chaos — Tracking Iran's Four-Month Slide | 9/28/2009 | See Source »

...Critics of the proposal also point to phantom savings. Becker says the new rules perpetuate the flex-fuel credit that allows carmakers to build more gas guzzlers than the regulation might otherwise allow, provided the vehicles can run on E85, a mixture that is 85% ethanol and 15% gasoline. The problem is that only about 1% of the gas stations in the U.S. now sell E85 and the number isn't expected to increase much anytime soon. The flex-fuel credit trims the m.p.g. target for manufacturers selling flex-fuel-capable vehicles by 1.2 m.p.g...

Author: /time Magazine | Title: Greens Not Happy About EPA Guidelines | 9/21/2009 | See Source »

...very significant. If he's going to take it up, it is naturally going to ruffle feathers, to put it lightly." Zardari is already burdened by unpopularity, public anger at power cuts and prices, and the challenges of taming Islamist militancy. If the Supreme Court continues to flex its muscles and revisits the president's old corruption cases, he could find himself in even more trouble than Musharraf seems...

Author: /time Magazine | Title: Pakistan's Activist Judges Target Musharraf | 7/25/2009 | See Source »

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