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...Duckenfield notes that political conservatives such as Sarkozy and Merkel have a significant ally to their cause in British Prime Minister Gordon Brown, who, in spite of his nominally leftist Labour Party affiliation, has always been a market liberal. As recently as 2007, Brown opposed European calls for better regulation of hedge funds-investment schemes that had helped made London Europe's finance capital. But on Sunday, Brown wrote in Britain's Observer newspaper that finance markets and banks should be obliged to factor the collective interest of long-term economic gain into their activities, an effort he said should...

Author: /time Magazine | Title: Europe Calls for Tougher Rules on Global Markets | 2/23/2009 | See Source »

...There are certainly some unfortunate precedents: Self-proclaimed anti-gang vigilantes became a key part of the civil war in Colombia, where they morphed into paramilitary armies with thousands of members. These groups fought leftist guerrillas and allied with the government to bring down major drug traffickers such as the notorious Pablo Escobar. Many of the paramilitary leaders later confessed they had funded their own activities by dealing drugs, but claimed they virtually stopped anti-social crime in areas under their control. Gustavo Duncan, who authored a book on the Colombian paramilitaries, says similar organizations could emerge in Mexico amid...

Author: /time Magazine | Title: As Crime Mounts, Mexicans Turn to Vigilante Justice | 2/21/2009 | See Source »

...Likud leader for the job. Israeli politics has taken a dramatic shift to the right since the war in Gaza, and as a whole, right-wing parties fared better in the election than did the centrist Kadima Party - which finished first by a slim margin - and the crippled leftist Labor Party...

Author: /time Magazine | Title: Preparing for a Hard-Right Israel | 2/20/2009 | See Source »

...Caracas CHAVEZ WITHOUT LIMITS Venezuelan voters passed a referendum to remove presidential term limits, allowing President Hugo Chávez to seek re-election indefinitely. The constitutional amendment, supported by 54% of voters (including these Chávez supporters, above), comes more than a year after the leftist leader's first attempt was shot down. Chávez says the measure was necessary to continue his socialist reforms; critics say it has brought the country closer to dictatorship...

Author: /time Magazine | Title: The World | 2/19/2009 | See Source »

...activist Jorge Hernandez, who has demonstrated against the military in Mexico's murder capital Ciudad Juarez, argues that the protests are a legitimate display of anger against the troops. "Soldiers are kidnapping people and robbing houses," claims Hernandez, a member of a leftist group called the National Front Against Repression. "There are people who have been taken away by the military and not seen for months. Complaints to the authorities go nowhere. So now their family members are taking to the streets." Hernandez says the protests have been staged by various social groups and community organizations that are voluntary...

Author: /time Magazine | Title: Mexico's Drug War Takes to the Barricades | 2/19/2009 | See Source »

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