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...package leads off with the historian David M. Kennedy--whose book about the Depression, Freedom from Fear, won a Pulitzer Prize in 2000--revealing how F.D.R., like Obama, saw crisis as opportunity. Next up is Adam Cohen's illuminating piece on the dynamic launch of the Roosevelt Administration. Cohen is the author of Nothing to Fear, an account of F.D.R.'s first 100 days. To get a free-marketeer's dissenting take on F.D.R.'s policies, we turned to Amity Shlaes, whose recent book The Forgotten Man argues that the New Deal not only failed to reverse the Great Depression...

Author: /time Magazine | Title: Learning from FDR | 7/6/2009 | See Source »

...Pakistan. Meanwhile, other reports have Islamic extremists setting off from Pakistan to carry out deadly attacks in Europe, possibly including Germany. According to a report on the German public television channel ZDF, intelligence officials received a tip in May that an al-Qaeda commando had left Pakistan to launch terrorist attacks in Western Europe. The commando is reported to be made up of 15 men - including Americans, Arabs, Chechens and four Germans - allegedly under the leadership of al-Qaeda operatives Abu Abdul Rahman al-Najdi, who was born in Saudi Arabia, and a Californian convert to Islam, Adam Yahiye Gadahn...

Author: /time Magazine | Title: Germany Ups Terrorism Alert Before Election | 7/6/2009 | See Source »

...challenges didn't deter voters from turning out in April's legislative elections, when Yudhoyono's Democrat Party came out on top with just over 20% of the national vote. That victory was predicted accurately, which might help explain why the challengers are now using these last days to launch attacks on the credibility of the upcoming polls. Few, however, expect it to work. "S.B.Y.'s popularity has gone up and down the past year along with the rise and fall of prices for fuel and basic goods," says Purboyo Yudha Sadewa, chief economist at Danareksa Research Institute. "Now prices...

Author: /time Magazine | Title: As Indonesia's Election Day Nears, Complaints of Fraud Grow Louder | 7/5/2009 | See Source »

...article makes a very compelling case against Goldman Sachs, but I think the problems it identifies are pervasive in financial firms and corporate America in general," says Nell Minow, who is the co-founder of the Corporate Library, a research firm that tracks corporate-governance issues. "We need to launch substantive financial reform rather than weighing the faults of one firm versus another." Minow's point is this: spend too much time on Goldman and you miss the fact of how broadly the financial system and the regulations that are supposed to keep profiteers in check failed...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

...case, the government of Pakistan was interested in retaining some aspects of sovereignty, whereas in the Hariri case, they were not in the hands of the Lebanese government." Other crucial differences include the fact that "the Bhutto Commission," as it is being called, will not have the authority to launch criminal proceedings. As a U.N. representative told reporters on Wednesday, the probe will "just inquire into the facts and the circumstances of the assassination...

Author: /time Magazine | Title: Pakistan Hopes for Answers on Bhutto Murder | 7/3/2009 | See Source »

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