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...boss. Petrov is deliberately cagey about business prospects. Yes, an economic crisis is now raging, "but this is not the first time we've had one," he says. Indeed, back in 1998, Denisov adds mysteriously, "it was a crisis that helped us move a step ahead." Business, both insist, has not been affected. But press Petrov on prospects for next year and he shifts uneasily in his seat. "We will be making some correction," he finally concedes. Putin himself couldn't have put it better. The question is: Just how much pain will Russians have to endure before the government...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

...There is no doubt that the plans are expensive: some estimates predict that the 20-20-20 goal could cost the E.U. up to $80 billion a year, or 0.5% of its gross domestic product, although officials and green activists insist that the price is worth paying for energy security and a cleaner world. (See TIME's special report on the environment...

Author: /time Magazine | Title: Is Europe Getting Cold Feet on Climate Change? | 12/10/2008 | See Source »

...interspersed with seemingly endless Blackberry correspondence. Whether he is going door-to-door campaigning or just going through his daily interactions, he is quick to call shared acquaintances “ballers,” especially if they have been advocating for his campaign.Schwartz’s supporters insist that despite his political ambitions, such friendliness is a part of his personality, not a strategy to win more votes. And Schwartz himself is not shy about defending his motives.“It’s kind of rude not to say ‘hi?...

Author: By Eric P. Newcomer, CONTRIBUTING WRITER | Title: CEB Duo Proposes Reforms | 12/8/2008 | See Source »

...hardly a dictator. Venezuelans can still criticize him in the media, and ever since he was elected in 1998 (and in a special 2000 election and again in 2006), he's followed democratic procedure and conceded defeat, however irascibly, when it's come. Chávez's backers insist that even if term limits are eliminated, Venezuela's opposition, unlike Cuba's, can still dethrone...

Author: /time Magazine | Title: Hugo Chávez for President ... Now and Forever? | 12/2/2008 | See Source »

...even those who reject these arguments, and insist foreign policy be dictated by self-interest, find themselves swayed by a third argument. If weather starts wars, and wars incite terrorists and violent opponents to the West, then it is in the West's self-interest to try to manage the weather. Darfur is a test case of whether our leaders are able to embrace this kind of broad, long-term view over short-term gains. If they can, they may be able to prevent the pattern repeating...

Author: /time Magazine | Title: Weather Wars | 11/27/2008 | See Source »

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