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...elephants in the room at the G-20 summit meeting of major economic powers due to take place in Pittsburgh, Pa., on Sept. 24-25. Diplomats and analysts say that a growing convergence among nations on the technical details surrounding greater industry oversight may paper over a divisive philosophical gulf. The U.S. and Britain, with their instinctive support and dependence on free-market finance, are increasingly at odds with France and Germany, who are more skeptical about the benefits of unfettered capitalism and hope to win votes at home by controlling its excesses. But even among native English speakers, there...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...Professor James Simpson, who introduced Armitage at the Woodberry event.In recent years, though, Armitage has turned to the subject of war in his work. In 2008 he published “The Not Dead,” a collection of poems inspired by the testimonies of veterans from the Gulf, Bosnian, and Malayan wars. He is currently contemplating a trip to Afghanistan to produce a documentary for the BBC and to gather material for poems based on conversations with British troops. Armitage says he is aware that such a project would be fraught with ethical and logistical difficulties...

Author: By Grace E. Jackson, CONTRIBUTING WRITER | Title: Armitage Arms Poems with Power | 9/25/2009 | See Source »

...Nowhere is Germany's obstinate gulf - a division that Germans call "a wall in the head" - more evident than in Berlin. The physical Wall has been all but expunged. In 1989, Mauerspechte - wall peckers - chipped out and sold pieces of the concrete from the Wall's graffiti-strewn western face; later, municipalities sent diggers to do the job more thoroughly. Like a clumsily retouched image, the Wall was airbrushed out of the picture. But its shadow remains, and with it other fractures in German society: generational fissures, cracks between communities that benefited from the fall of the Wall and those...

Author: /time Magazine | Title: Germany's Election: Divided They Stand | 9/21/2009 | See Source »

...billion facility also under construction in Gwadar, in Pakistan, China will eventually possess key naval choke points around the subcontinent that could disrupt Indian lines of communication and shipping. Reports of a tense standoff earlier this year between Indian and Chinese warships on anti-piracy patrol in the Gulf of Aden - though dismissed by both governments - did little to subdue the sense of distrust brewing between policymakers on both sides...

Author: /time Magazine | Title: India's China Panic: Seeing a 'Red Peril' on Land and Sea | 9/20/2009 | See Source »

...Ezzeddine's schemes - supposed investments in oil, publishing, metals and television, spread out from the Gulf to Africa - are unraveling on a spectacular scale, and it is casting Hizballah in an unflattering light. The house of cards began falling earlier this month, when his businesses went bankrupt, ostensibly from the effects of the global financial crisis. But rumors swirled in the press of a pyramid scheme of more than $1 billion, and the local media dubbed Ezzeddine the Lebanese Bernie Madoff. Last weekend the Lebanese government charged him with fraud. All across the Shi'ite-populated regions of Lebanon, thousands...

Author: /time Magazine | Title: Lebanon's Bernie Madoff: A Scandal Taints Hizballah | 9/16/2009 | See Source »

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