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...longer term, the question could be less about how Europe responds to Iran, and more about how Iran tries to woo back Europe. "Iran is lashing out and fabricating various allegations. But this will harm Iran more than it harms the E.U.," says Sir Richard Dalton, associate fellow at the international-affairs institute Chatham House in London. Dalton believes that behind Iran's prickly attitude is insecurity about the country's relative weakness compared to the E.U. "Iran needs Europe - it needs the trade, it needs support in international organizations and it needs to maintain a strong image...

Author: /time Magazine | Title: How Should Europe Respond to Iran? | 7/2/2009 | See Source »

...apologize for the way I framed my comments. I misspoke, and I sincerely meant no harm or ill will to the American Jewish community or the Obama Administration.' WRIGHT, saying he was "disturbed and deeply saddened" that his remarks sparked controversy. The White House declined to comment...

Author: /time Magazine | Title: Verbatim | 6/29/2009 | See Source »

...quickly as they put them up. Through June 22, the FDA issued 54 warning letters involving more than 100 products, achieving compliance with nearly three-quarters of them. "The bottom line is that we want to make sure that these products don't proliferate in the marketplace and harm consumers," says Saben...

Author: /time Magazine | Title: Psst! Want a Cure for H1N1? Swine Flu Scams | 6/26/2009 | See Source »

...role in the issue, if any). And Waxman agreed to bar the EPA for five years from calculating how much greenhouse-gas emissions are generated when forests are converted to crop fields for the production of ethanol and biofuels, which many environmentalists believe do more harm than good. The move helps get these controversial sources of energy counted as renewable, and therefore eligible for the Renewable Energy Standard, which obliges large electricity providers to use at least 20% renewable energy sources...

Author: /time Magazine | Title: Global-Warming's Rough Ride Through Congress | 6/26/2009 | See Source »

...Teasing the meaning out of such changes is what Fed watchers do - they're sort of like Kremlinologists before the fall of the Soviet Union. UniCredit economist Harm Bandholz interpreted the new wording to mean that the FOMC had decided that "the deflation threat is gone...

Author: /time Magazine | Title: The Fed Holds Steady: Mixed Signals on the Economy | 6/24/2009 | See Source »

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