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...Nowhere more so than Greece. Years of debt-fueled consumption and lax fiscal policies have left the country drowning in red ink. National debt is expected to rise to 125% of GDP in 2010, the highest in the euro zone. "If you want an example of a political élite that thought membership of the euro zone was a panacea," says Simon Tilford, chief economist at the Centre for European Reform in London, "you don't need to look further than Greece. They're in very serious trouble." (See pictures of the global economic crisis...

Author: /time Magazine | Title: Why Greece Could Be the Next Dubai | 12/9/2009 | See Source »

...Switzerland's law dates back to 1942. But the government now says it is too lax and that it's sometimes misused - for example, by allowing those who suffer from a chronic or mental illness to die. A Zurich University study released last year found that a number of people with non-fatal illnesses opted for assisted suicide, an abuse the authorities say they are determined to stop. Among the proposed measures, still to be fine-tuned and debated in parliament, is the requirement that two different doctors attest to the candidate's suitability for assisted suicide and confirm...

Author: /time Magazine | Title: Swiss Government Tries to Stop 'Suicide Tourists' | 11/16/2009 | See Source »

...price of the drugs. The drug cartels most responsible for the violence are still going to trade within a black market and operate outside the regulatory strictures of government because the sale of drugs is still illegal. Weapons will remain easily accessible to drug cartels because of lax laws in the United States, allowing the cartels to act as de facto militias. Meanwhile, Calderón’s policy of military action will continue to force cartels to uproot, move into the territory of rivals, and perpetuate a cycle of violence and bloodshed...

Author: By Charles A. Lacalle | Title: Drugs Without Borders | 11/2/2009 | See Source »

...problem that is in dire need of a suture. Simply cutting the pay of executives does little to address the systemic problems that helped give rise to the financial crisis. The Obama administration now has a unique opportunity to capitalize on populist discontent with policies that correct the lax regulatory regime that helped enable the financial meltdown. Real change to the current system, which incentivizes unnecessary risk-taking and corporate irresponsibility, cannot be replaced with simply cutting executive pay. The recent cuts are, in reality, a slap on the wrist for executives who will still enjoy multi-million-dollar...

Author: By The Crimson Staff | Title: Fixing What's Broken | 10/26/2009 | See Source »

...Ministry of Agriculture and Rural Development in August cited hundreds of attacks on rangers during a five-month period in 2009, resulting in 14 serious injuries. Illegal loggers and animal poachers have tried to run over officials with their vehicles, according to the report, and attack rangers with syringes. Lax management and local authorities colluding with loggers were partly to blame for the illegal logging of 3,200 acres (1,300 hectares) in the first half of 2009. (Read about illegal logging for biofuel production in Indonesia...

Author: /time Magazine | Title: After Typhoon, Illegal Logging Back in Spotlight in Vietnam | 10/22/2009 | See Source »

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