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...large banks and did not see how proprietary trading contributed to the crisis - those ideas had support from White House economists like Christina Romer and Austan Goolsbee of the Council of Economic Advisers and Jared Bernstein in Vice President Joe Biden's office. Volcker was never really persona non grata; he's friendly with Biden, and Goolsbee says Volcker spoke "extensively and repeatedly" with all the key players - including Obama. Still, White House officials were increasingly frustrated that they weren't getting credit for going after Wall Street. "It came up in every meeting: This bank stuff is killing...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

...Callahan can still hustle, which he demonstrated on several occasions off the diamond in recent months when forced to make quick escapes from Sandinista mobs. Leaders of Nicaragua's ruling party declared Callahan persona non grata last October after he gave a speech reiterating U.S. concern about the Sandinistas' judicial power play to green-light Ortega's re-election bid in 2011, despite a constitutional ban prohibiting...

Author: /time Magazine | Title: Can U.S. Baseball Diplomacy Get the Save in Nicaragua? | 12/28/2009 | See Source »

...That strength turned out to be temporary. A ballooning U.S. budget deficit and escalating government debt has made the dollar currency non grata in many quarters once again. An index that measures the greenback's value against a basket of major currencies, including the euro and yen, has fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground. Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen...

Author: /time Magazine | Title: Is the Dollar Dying a Slow Death? | 11/6/2009 | See Source »

Still, with time running out before the Honduran election, only stepped-up U.S. and international pressure brought Micheletti and Zelaya to an accord. The most effective prod: a threat not to recognize the results of the vote, which would render the next Honduran President persona non grata around the world. Another goad: the continuation of economic sanctions by Washington and blocs like the European Union, which are substantial hardships for one of the Western Hemisphere's smallest (7.8 milliion people) and poorest (a 70% poverty rate) countries...

Author: /time Magazine | Title: A Deal Finally Ends Honduras' Coup Crisis | 10/31/2009 | See Source »

...King showed up with just one plane in Damascus on Wednesday didn't seem to faze a beaming Syrian President Bashar Assad, who was waiting at the airport with a red-carpet welcome. Abdullah's visit is a particularly sweet foreign policy triumph for Assad, who became persona non grata after many in the international community accused Syria of involvement in the 2005 car-bomb assassination of former Lebanese Prime Minister Rafik Hariri in Beirut. In the past year, however, the Syrian leader has hosted a growing number of heads of state and world leaders, including French President Nicolas Sarkozy...

Author: /time Magazine | Title: A Rapprochement Between Syria and Saudi Arabia? | 10/8/2009 | See Source »

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