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...temperatures dropped to record lows outside, freezing rail lines and bringing mass transport to a halt, Merkel has huddled with her political allies and opponents alike to hammer out a new approach. The shift comes after a raft of bad economic news, with the government now pressing ahead on a number of fronts. Merkel's coalition nearly doubled its stimulus package to €50 billion this week and is drafting plans for a €100 billion Germany Fund to provide credit for midsize businesses. And Commerzbank, Germany's second biggest bank, has said it is to be partly nationalized...

Author: /time Magazine | Title: Merkel Moves to Heat Up German Economy | 1/8/2009 | See Source »

...change in Merkel's thinking was forced by the acceptance of economic and political realities. The German economy is sinking faster than most experts thought a month ago. Just this week, Germany's three-year job boom came to a screeching halt when the labor office reported that in December unemployment rose by a seasonally adjusted 18,000, nearly twice the level predicted in a poll of 30 economists by the news agency Bloomberg. It was the first increase in joblessness since February 2006. "The economic crisis has reached the labor market," said Frank-Juergen Weise, head of the Labor...

Author: /time Magazine | Title: Merkel Moves to Heat Up German Economy | 1/8/2009 | See Source »

...Tuesday, as the Israeli military tightened its hold on Gaza's towns and refugee camps, civilian casualties mounted sharply, with 77 killed, taking the total death toll to 631 since the operation began 12 days ago. Israel says it will not halt its ground offensive until Hamas stops firing rockets into Israel. Hamas launched 30 rockets on Tuesday, striking towns near Gaza but causing no casualties...

Author: /time Magazine | Title: U.N.: No Hamas Fighters in Bombed Gaza School | 1/7/2009 | See Source »

...militancy strained the 1993 Oslo Accords, brokered between Israel and the Palestinian Liberation Organization, which relinquished control of parts of occupied Gaza and the West Bank to a semi-autonomous government, the Palestinian Authority, in exchange for an agreement to stem the violence. The Palestinian Authority's inability to halt attacks from groups like Hamas and its mismanagement of the occupied areas, combined with Israel's refusal to dismantle the remaining settlements, fractured the accord and led to a second Palestinian Intifada in 2000. Israeli withdrawal of forces and settlements in Gaza came only in 2005, after which Hamas increased...

Author: /time Magazine | Title: The Gaza Strip | 1/7/2009 | See Source »

...Charles F. Conner, is the former president of the Corn Refiners Association, and the agency’s Chief of Staff is the former chief lobbyist for the National Cattlemen’s Beef Association. As long as agency jobs serve as sabbaticals for industry lobbyists, the USDA will halt reforms...

Author: By Lewis E. Bollard | Title: Memo to Vilsack | 1/6/2009 | See Source »

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