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...compared with 10% in the U.S. No economy is free from the threat of backsliding yet, however, and the head of Germany's federal labor agency has predicted joblessness will rise again this year. But as world trade picks up, the mighty German export machine should click into gear once more, delivering decent growth. (See pictures of the dangers of printing money in Germany...

Author: /time Magazine | Title: Angela Merkel's Moment | 1/11/2010 | See Source »

...Raytheon Corp. And the Pentagon last month announced that Kuwait had ordered upgrades of its Patriot missile system, in a deal worth $410 million. But Raytheon isn't the only beneficiary of anxiety over Iran. The United Arab Emirates this year ordered $9 billion worth of U.S. military gear, Petraeus noted, including 70 Lockheed Martin F-16 fighter jets of a generation more advanced than those being used by the U.S. Air Force. "The Emirati air force can now take out Iran's air force," Petraeus said...

Author: /time Magazine | Title: Rattled by Iran, Arab Regimes Draw Closer | 12/15/2009 | See Source »

...Indian police and paramilitary forces gear up for a big push against the Naxals planned for early next year, the impact on schools is likely to get worse. In remote areas, schools may be the only solid construction available to use as a base of operation. State education officials say the schools are occupied only temporarily, and that alternative sites are arranged, but residents of Naxal-affected areas say that many schools have been closed for months or years, permanently disrupting education. Burhan Soren, a farmer in Gurha, says one school in his village has been occupied since...

Author: /time Magazine | Title: The Insurgency Threatening India's Schools | 12/9/2009 | See Source »

Read "Retailers Gear Up for Black Friday...

Author: /time Magazine | Title: Thrifty Spouses Could Hurt Holiday Shopping | 11/17/2009 | See Source »

...street, and her retail clothing business was born. She purchases old Swedish army tents and NATO navy sweaters in bulk, and then cuts and tailors them into a range of jackets, pants and coats. Upscale boutiques from Hong Kong to Zurich stock her gear. In her own store in the heart of Mitte, stylized photos of sullen models look down at the rows of clothes, which next spring will include dresses made of recycled dishcloths. "There are a lot of creative labels here, so you don't stick out like a colorful chicken," Mayer says. (See a TIME Video...

Author: /time Magazine | Title: Hip Berlin: Europe's Capital of Cool | 11/16/2009 | See Source »

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