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...Still, Berlusconi's almost instant reference to a possible troop pullout was the centerpiece of a day of impassioned, often contradictory reactions from the highest levels of the Italian government. It followed the nation's worst day of military casualties since a November 2003 car-bomb attack in Nasiriyah, in southern Iraq, killed 19 Italian soldiers. That death toll was cited when Italy eventually pulled out of Iraq in 2006, but at the time of the Nasiriyah attack, Berlusconi held firm to Italy's military commitment and ironclad alliance with then U.S. President George W. Bush. (See Berlusconi's worst...

Author: /time Magazine | Title: Will Italy Pull Its Troops out of Afghanistan? | 9/18/2009 | See Source »

...luxury market expanded in recent years to include new demographics, as surging home prices and easy access to cheap credit transformed ordinary people into the nouveau riche with an appetite for chic goods. Many used their homes as instant banking machines, tapping home equity loans to snap up clothes, handbags and shoes from the world's most prestigious labels. TV shows, such as Sex and the City, Project Runway and The Rachel Zoe Project added to the hype. (Read "Macy's: The Retail Universe...

Author: /time Magazine | Title: Luxury Retailers Rush To Adapt: Chic Goes Cheap | 9/17/2009 | See Source »

...Along the way, Elmo’s family learns about the perils of instant gratification, the difference between needs and wants, and why Mommy and Daddy need to say no: Elmo can’t have everything Elmo wants, the family needs Elmo’s help. Above all, Elmo learns the importance of talking things out with Elmo’s mother and father...

Author: By Raúl A. Carrillo | Title: Lessons From the Street | 9/17/2009 | See Source »

...world will get an instant check on how the trade dispute could impact overall China-U.S. relations. Obama and Chinese President Hu Jintao are expected to attend next week's G-20 summit in Pittsburgh, Pa., where the world's most influential economies will tackle sticky issues like the continuation of economic-stimulus measures and improved regulation of the global financial system. "We all need to be a lot more alarmed" by the trade spat, says Michael Pettis, professor of finance at Peking University. "Rising anger makes it more difficult to cooperate." At a crucial moment for the economy...

Author: /time Magazine | Title: Why the China-U.S. Trade Dispute Is Heating Up | 9/14/2009 | See Source »

...China in the 1880s, and his family was completely assimilated - he and his siblings spoke only English. At 6, after a white schoolmate called him "Ching Chong Chinaman," Yang went home upset and asked his mother if he was Chinese. She gravely told him yes. "I knew in that instant," Yang writes on his website, "that being Chinese was a terrible curse...

Author: /time Magazine | Title: The Yang Principle | 9/14/2009 | See Source »

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