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...relocate a Russian war memorial, has resulted in a 30% drop in exports through Estonia's ports. Combine all that bad news and it's little wonder that Estonia's unemployment rate, just 4.7% in 2007, is predicted to hit 9% next year. "Everyone is worried about what will happen," says Aivar Hundimagi, deputy editor of a business paper that has shed nearly 20% of its staff since last year. Black banners for a lecture series recently appeared in Tallinn asking: IS THERE LIFE AFTER CAPITALISM...

Author: /time Magazine | Title: The Baltic Mourning After | 11/6/2008 | See Source »

...Obama's biggest immediate challenge overseas will be to scale back the 150,000 U.S. troop contingent now in Iraq, and shift some of them to reinforce the 32,000 American soldiers now in Afghanistan. While national-security experts agree such a shift needs to happen, the key question is its timing. If U.S. forces are pulled out of Iraq too soon, U.S. commanders there argue, the fragile gains achieved the over the past 18 months could erode, and ultimately bring on a civil war. Obama has said he would like to pull up to 10,000 troops a month...

Author: /time Magazine | Title: Easing In Obama as Commander in Chief | 11/5/2008 | See Source »

...Schwarz in a primary with help from the anti-tax Club for Growth, then claimed his seat in another reliable GOP district. But in 2008, Schwarz endorsed Walberg's Democratic opponent, Mark Schauer, who portrayed Walberg as an extremist and is now heading to Washington. The same thing may happen on Maryland's Eastern Shore, where Club for Growth conservative Andy Harris successfully primaried moderate Republican incumbent Wayne Gilchrist, who then endorsed Frank Kratovil, the Democrat who appears to be headed for victory. Gilchrist is a national environmental leader, a true maverick and an extremely likable guy who was always...

Author: /time Magazine | Title: For the Republicans, It Could Have Been Worse | 11/5/2008 | See Source »

...This victory alone is not the change we seek," he challenged the nation on Tuesday night. "It is only the chance for us to make that change. And that cannot happen if we go back to the way things were. It cannot happen without...

Author: /time Magazine | Title: How Obama Rewrote the Book | 11/5/2008 | See Source »

...brings peace and quiet to the southern communities, and we have an interest to maintain it." Given Hamas' arms build-up in Gaza, however, a showdown with the Israeli army is inevitable, say officials in Tel Aviv. But neither Hamas nor Israel is in any hurry for this to happen soon. So the cease-fire is likely to be restored - at least...

Author: /time Magazine | Title: Will Israel-Hamas Clash Threaten the Truce? | 11/5/2008 | See Source »

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