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...calls himself "America's first Pacific President," Obama's planned visit to Indonesia is being heralded as a homecoming. Millions of Indonesians consider Barry Soetoro, as he was once known by his Indonesian stepfather's surname, an honorary citizen. But even as Obama takes a trip down memory lane (followed by a visit to Australia), the fate of his boyhood likeness underscores his, and America's, growing image problem across Asia. Soon after Jakarta city workers used the cover of darkness to relocate the young Barry's statue, top U.S. diplomatic envoys were in Beijing to repair foundering relations with...

Author: /time Magazine | Title: Why Obama is Disappointing Asia — Even in Indonesia | 3/29/2010 | See Source »

...about itself was in 1976, when soaring inflation and unemployment forced the Labour government to seek a humiliating bailout from the International Monetary Fund. Margaret Thatcher's Conservatives took power in 1979 and went on to abolish exchange controls, cut taxes and engineer the 1986 deregulation of financial markets, known as Big Bang, restoring London's position as one of the world's most important financial centers. Blair's New Labour did nothing to restrict the unfettered growth of the City, as London's financial district is called. In 1998, Blair's adviser Peter Mandelson, now the most powerful member...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...reluctance to speak out surprises and hurts many Catholics. "Many Catholics in Germany had hoped that the Pope would have expressed a word of personal sympathy for the victims of abuse," says Christian Weisner, spokesman for the well-known Catholic reform group We Are Church. Papal officials, however, defend Benedict's silence. "The Pope was not part of what happened back then, and he shouldn't be part of it now," says a Vatican insider. Indeed, the Vatican has mounted an aggressive campaign to portray the scandals as an attempt to besmirch the Pope and discredit the church...

Author: /time Magazine | Title: Catholic Europe: How Damaged Is the Papacy? | 3/29/2010 | See Source »

...Benedict know about the priest's swift return to pastoral work after his therapy? The archdiocese says the decision was made by Benedict's then deputy, who has taken full responsibility. But the American priest in Rome says Ratzinger, famously a micromanager, must have known of the decision. "It's probably just a matter of time," the American says, "before it comes out that he did know more than they are saying...

Author: /time Magazine | Title: Catholic Europe: How Damaged Is the Papacy? | 3/29/2010 | See Source »

...Granted, this time around the agitator is the much more media-friendly Republican Senator from Oklahoma, Tom Coburn, who - unlike Bunning - is not known for flipping off reporters. Before the Senate adjourns for a two-week Easter recess on Friday, Democrats are hoping to pass another one-month extension of benefits - the yearlong extension has been held up as differences are worked out with the House - to tide over the unemployed until lawmakers can pass a more permanent solution. Coburn's objection is the same as Bunning's: that Democrats are not paying for the $10 billion bill. "I think...

Author: /time Magazine | Title: Senate Republicans Want Another Benefits Filibuster? | 3/26/2010 | See Source »

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