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...central banks and finally a collapse of the parity system. "I've lived through currency devaluations, and they are fraught with anxieties," says Hans Martens, chief executive of the European Policy Centre. "But the way the euro coped with the financial crisis was absolutely great. You have a big island of stability, with small nations protected when the big waves became rough...

Author: /time Magazine | Title: Is the Euro the New Dollar? | 1/1/2009 | See Source »

...David McMillan, the author of Escape - another Klong Prem memoir, released in 2007 by the same publisher - Botts "opens his real-life experiences like a knife opening a cadaver." In fact, Botts' account is unharrowing. His description of a prison shack in what he calls "the garden," a flyblown island of mud and compacted human waste where the cons passed their days, reminded me of a scuzzy bungalow I once stayed in on Koh Samui...

Author: /time Magazine | Title: Jailhouse Schlock | 1/1/2009 | See Source »

...props too, despite the Elian Gonzalez mess. Most were not corrupt oligarchs and gusanos (worms, as Fidel Castro called them) but industrious working- or middle-class men and women who helped build modern Miami. In December, the Miami Herald unveiled an online database that gives the exiles an Ellis Island-style history of their arrivals...

Author: /time Magazine | Title: After 50 Years of Castro's Cuba, Will the Cold War End? | 12/30/2008 | See Source »

...complained in turn. They're entitled to their opinion, but both camps' responses point out how tiresome U.S.-Cuban intolerance has gotten. If Washington and Miami are as serious as they claim about democratizing Cuba, they'll find more creative ways than a globally condemned embargo to engage the island. If Raúl Castro and the aging generals around him are as serious as they say about working to end the embargo and revive Cuba's moribund economy, they'll loosen the island's political leash. (See pictures of music in Cuba...

Author: /time Magazine | Title: After 50 Years of Castro's Cuba, Will the Cold War End? | 12/30/2008 | See Source »

...Last year Fonacon attracted more than 10,000 people with its party-cum-protest in Paris. This year Marie-Gabriel jokingly boasts that he expects "between five and 50,000 people, give or take a few," but then confides that Fonacon's rendezvous point on the Vendéen island le Noirmoutier - chosen because it's a good place to attempt to halt the incoming tide, and thereby stop the earth's rotation, and with it time - will probably draw far fewer revelers. (See pictures of France celebrating Bastille...

Author: /time Magazine | Title: French Protesters Say Non to the New Year | 12/30/2008 | See Source »

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