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...look brighter by the time the 2012 election rolls around. Or maybe not. France's Socialist Party remains dysfunctional and divided, it's true, but recent polls suggest that Dominique Strauss-Kahn - a socialist who currently heads the International Monetary Fund in Washington - would beat Sarkozy were a vote held today...

Author: /time Magazine | Title: Nicolas Sarkozy: A French Paradox | 12/14/2009 | See Source »

When Obama took office, conventional wisdom held that the American people, jarred by a financial crisis they were routinely told was "the worst since the Great Depression," would race into the protective arms of Washington. After all, the Federal Government had given us the New Deal in the worst of times and a patchwork of economic safety nets since. The idea is that we instinctively turn to its beneficent hand to ease the pain of hurricanes, floods, tornadoes--and recessions...

Author: /time Magazine | Title: Will Fear of Big Government End Obama's Audacity? | 12/14/2009 | See Source »

...attempts to play hardball with Wall Street, however. Last summer, JPMorgan tried to lowball the Administration on warrants it wanted to buy back from the government. JPMorgan's chief, Jamie Dimon, called Treasury Secretary Timothy Geithner in July personally to pressure him to sell at the low price. Geithner held out and auctioned the warrants off last week for tens of millions more than Dimon had offered, sources familiar with the negotiations tell TIME...

Author: /time Magazine | Title: Obama vs. the Banks: The Pressure Intensifies | 12/13/2009 | See Source »

...starters, this summer when her husband held the customary I-have-disappointed-my-family press conference, she did not appear alongside him. This was a doubly wise move, since the governor apparently chose to make the most emotional and difficult announcement of his life without a script. Not only did Jenny Sanford avoid looking like a fool for literally standing by her man, she didn't have to be associated with what quickly devolved into a p.r. train wreck. (His rambling, 18-minute speech included weeping, a mention of his lifelong love of camping and a "surreal" conversation...

Author: /time Magazine | Title: Jenny Sanford: The Savviest Spurned Woman in History | 12/12/2009 | See Source »

...Frei Montalva, who was President from 1964 to 1970. He was succeeded by Salvador Allende, whose sharp leftward turn alarmed Chile's conservatives and prompted Pinochet's ironfisted 1973 military coup. Along with thousands of others in the putsch's early and darkest days, Jara was rounded up and held in Chile Stadium in the capital, Santiago. After he was tortured and killed, his body was tossed into the streets. Frei Montalva originally backed Pinochet's rule, but by the 1980s opposed it. According to the Chilean judge, three men tied to Pinochet, including a doctor, secretly injected Frei Montalva...

Author: /time Magazine | Title: Chile's Right Tries to Shake Its Dark Past | 12/12/2009 | See Source »

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