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...fillip of hope was exactly what leaders attending the euro group summit had hoped to inspire, but they were careful to note it was only a beginning. European Commission President José Manuel Barroso, for example, stressed the collective package "isn't of an immediate miracle", and many more trials and jittery nerves would have to be overcome before the nightmare of the past months would be over. Still, the mere framework of a strategy proved sufficient to calm the fear that that drove last week's panic-driven sell...

Author: /time Magazine | Title: European Markets Rise in Relief | 10/13/2008 | See Source »

...Jose Manuel Durao Barroso, president of the European Commission, called for an alignment of U.S. and European interests in an “Atlantic agenda for globalization” at a lecture on the evolving relationship between the United States and the European Union yesterday. The lecture, entitled “A Letter from Brussels to the Next President of the United States of America,” is part of the “Challenges of the 21st Century” series organized by Renée Haferkamp of the Center for European Studies. But despite the politically-charged...

Author: By Edward-michael Dussom, CONTRIBUTING WRITER | Title: E.U. Chief Reads Open Letter | 9/24/2008 | See Source »

...hastened to calm fears of instability in the wake of Mbeki's resignation. Members of cabinet had last week threatened to resign if Mbeki went, but after meeting with the ANC executive leadership over the weekend, most indicated that they would stay on, including highly respected Finance Minister Trevor Manuel. "Everything goes on as normal," his spokeswoman Thoraya Pandy told reporters...

Author: /time Magazine | Title: A Bitter End for South Africa's Mbeki | 9/22/2008 | See Source »

...Blaming the gringos for the civil unrest may seem a reach, but Morales knows where his people's hearts lie. In 2002, when the former coca farmer first ran for President, the U.S. Ambassador to Bolivia at the time, Manuel Rocha, made an off-the-cuff threat that Washington would withdraw millions of aid dollars should Morales win. Morales was an underdog at the time, but the threat drove his numbers through the roof - such is the anti-Yanqui sentiment in Bolivia. Indeed, some observers say it was Rocha's slip-up that forced a run-off between Morales...

Author: /time Magazine | Title: Bolivia to Expel US Ambassador | 9/11/2008 | See Source »

...everyone was smiling, though. Seconds into the competition, after failing to find the wall 12-feet (4-m) below him, Mexican free runner Jorge Manuel Nava Romero broke his fall with his chin, losing teeth in the process. "Please don't copy this at home," cautioned the MC. (Romero, the announcer later added, was "all good" after his tumble...

Author: /time Magazine | Title: Free Running Jumps onto World Stage | 9/5/2008 | See Source »

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