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...Israel is prepared to ratchet up the pressure still further in the hopes that it will force a workable cease-fire. Saturday's attack was authorized two days in advance, and though no Israeli ground troops have crossed into Gaza thus far, that remains an option, according to Israeli officials. Dozens of Israeli air force planes remain in the skies above Gaza. "If they retaliate, they will feel it stronger, and the number [of casualties] on the Gaza side will rise," a senior Israeli military source told TIME...

Author: /time Magazine | Title: The Gaza Air Strikes: Why Israel Attacked | 12/27/2008 | See Source »

...along the border. Indian air force jets allegedly crossed briefly into Pakistani airspace two weeks ago. Shah Mehmood Qureshi, Pakistan's Foreign Minister, says that while Pakistan is committed to "pursuing a policy of defusing tensions," it cannot "remain oblivious to certain developments that are taking place - on the ground and in the air." "Unfortunately, there has been a lot of jingoism and irresponsible behavior. It has caused a lot of concern in Pakistan and among our neighbors," Qureshi says. "We do not want to escalate the situation. Pakistan has no aggressive designs...

Author: /time Magazine | Title: A Year After Bhutto: Tears and Troop Movements | 12/27/2008 | See Source »

...with questionable loans. She has been much more willing than her father to open up to and use the media to her advantage. But the Blagojevich case is showing them both that corruption scandals can be a vexing matter even for the politicians standing on the supposed high moral ground...

Author: /time Magazine | Title: An Illinois Dynasty Versus Blagojevich | 12/26/2008 | See Source »

...production taxes have slipped from the 72% increase seen in fiscal 2008 to a 36% increase in the first quarter, according to the Texas state comptroller. (The state levies a 7.5% severance tax on every barrel of oil or cubic foot of gas taken out of the ground...

Author: /time Magazine | Title: Texas Braces for an Oil Bust | 12/19/2008 | See Source »

...potato involving Detroit, Congress, the White House and the incoming Administration. Obama first asked Bush to do something to save the auto companies in their initial meeting after the Nov. 4 election, but Bush rebuffed him. The problem then went to Capitol Hill, where it spent two weeks getting ground down, spiced up and stuffed into legislative packaging, only to have the whole sausage thrown out when the Senate failed to move the bill before adjourning for the holidays. (See pictures of the remains of Detroit...

Author: /time Magazine | Title: Bush's Rescue Plan for Detroit: Passing the Buck | 12/19/2008 | See Source »

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