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The fact is that the world economy continues to be burdened by heavy baggage created during the boom times, problems that could take years to resolve. U.S. consumers are undergoing their own debt workout, one that might even worsen if joblessness continues to rise. Though defaults on credit cards in...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

More than 20 years after he transformed Italian TV, Berlusconi is Prime Minister for the third time; he has already served longer in the office than anyone since 1946. Of late, to be sure, he's taken some lumps. Italy's Constitutional Court overturned a law granting Berlusconi immunity from...

Author: /time Magazine | Title: How Silvio Berlusconi Uses Women on TV | 11/30/2009 | See Source »

Playing the Game Increasingly, the velina is a political player as well as a sexual one. Though just 18, Noemi Letizia - whose relationship with Berlusconi spurred feverish speculation in the Italian press this summer - knows how the game works. "[I want to be] a showgirl," she told an Italian newspaper...

Author: /time Magazine | Title: How Silvio Berlusconi Uses Women on TV | 11/30/2009 | See Source »

For the rest of the world, the dispute presented a golden opportunity. The Middle East didn't waste time, stepping in with loans and development projects - or as one Western observer put it, "a rain of dollars." In June, the Islamic Development Bank - a lender in which Saudi Arabia, Libya...

Author: /time Magazine | Title: East and West Scramble for Turkmenistan's Riches | 11/29/2009 | See Source »

The strikes, by two U.S. fighter jets, killed some 142 Afghans near the northern city of Kunduz and continue to reverberate in Berlin. Called in by Colonel Georg Klein, then ISAF commander of the German-run Provincial Reconstruction Team (PRT) base in Kunduz, the operation was a rare moment of...

Author: /time Magazine | Title: Germany's Doubts About Afghanistan Grow After Revelations About Air Strike | 11/27/2009 | See Source »

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