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...home, Sarkozy often says he wants to give greater freedom to markets, but his actions show he's no economic liberal at heart. The merger of Gaz de France and Suez is the perfect example of an interventionist state influencing companies and the market. Politically, Sarkozy has shown true genius in undermining the Socialist Party by attracting some of its leading lights to his team. But is mere political calculation also behind his backing of Socialist Dominique Strauss-Kahn to head the International Monetary Fund? Sarkozy's motives are often open to question - and differ from his stated objective...

Author: /time Magazine | Title: Nicolas Sarkozy: A Grand Entrance | 9/6/2007 | See Source »

...have always lived here and all my work is here," Yau said in the foreword. In his sense of place, he was to Hong Kong what Robert Doisneau was to Paris - a chronicler in black and white of the sooty streets and ordinary people at his city's heart. But in his consummate sensitivity to the decisive moment, Yau was sometimes reminiscent of the great Henri Cartier-Bresson, and, like the French master, carried wherever he went a 35-mm camera - in Yau's case a Voigtlander Prominent - allowing him to move and shoot unobtrusively amid the throng...

Author: /time Magazine | Title: Camera Obscura | 9/6/2007 | See Source »

...state's senate for 22 years, rising to president. After winning by a 27-vote margin in the '88 primary, the former Air Force captain led legislative efforts to enact financial-service reforms and clean up commercially contaminated sites. He was 68 and died of a suspected heart attack...

Author: /time Magazine | Title: Milestones Sep. 17, 2007 | 9/6/2007 | See Source »

...Howard, who has ruled Australia for more than 11 years, seems to be having a change of heart - at least rhetorically. Australia is hosting the Asia-Pacific Economic Cooperation (APEC) forum this week, and Howard, with Bush's approval, has pushed climate change to the top of the agenda. He wants APEC - made up of 21 nations bordering the Pacific, including big carbon emitters like the U.S., China, Russia and Japan - to consider long-term "aspirational goals" on reducing carbon emissions, rather than the binding cuts called for in Kyoto. Such flexibility, he argues, would help bring major developing economies...

Author: /time Magazine | Title: Can the World Improve on Kyoto? | 9/5/2007 | See Source »

...suicide bombers struck at the heart of Pakistan's military establishment on Tuesday in the garrison town of Rawalpindi, just 7 miles (11.3 km) from the capital of Islamabad. Some 66 people were injured and 24 killed, bringing the number of dead by militant violence in Pakistan to at least 243 people since a military strike against an extremist mosque in the capital killed 102 people in July...

Author: /time Magazine | Title: Assault on Musharraf's Power Base | 9/4/2007 | See Source »

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