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The new government will also need to negotiate with the Communists in parliament to choose a new President as Voronin's successor. A likely solution, analysts say, would be to agree on a non-political figure, such as an academic, to do the job. A new government is also likely...

Author: /time Magazine | Title: Communists Defeated in Moldova Election | 7/31/2009 | See Source »

Sri Lankan president Mahinda Rajapaksa sits at the head of a long banquet table, presiding over what looks like a hotel's lunch buffet. The mood is informal as Cabinet ministers, their clerks and assorted relatives and friends line up patiently to eat in the main dining room of Rajapaksa...

Author: /time Magazine | Title: Mahinda Rajapaksa: The Hard-Liner | 7/27/2009 | See Source »

NEW YORK, N.Y.—Last week, as Bronx native Sonia Sotomayor testified before the Senate and President Barack H. Obama visited New York to commemorate the centennial of the NAACP, I sat on the Lower East Side, a neighborhood that has been home to immigrants for generations. I...

Author: By Alex M. Mcleese | Title: Personal Statements | 7/27/2009 | See Source »

This imbalance has forced small-business owners to avail themselves of unusual lending schemes. In many regions, companies are forced to go around the traditional banking system altogether by borrowing from other businesspeople or even loan sharks. This sort of informal banking, which has a long history in China, has...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

Originally, this group was made up of six (Canada joined in 1976 and Russia, officially, in 1997) and the idea behind it sprung from the oil crisis and subsequent worldwide recession of 1973. The nations wanted an informal forum to coordinate their macroeconomic policies during the downturn, in addition to...

Author: /time Magazine | Title: The G-8 | 7/8/2009 | See Source »

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