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Similarly, Greece and Spain are pushing back against speculators who want to short the euro or use it in carry trades, further depressing the already soft currency. Just this week Spain's Finance Minister, Elena Salgado, flew to London to assure bondholders that her country remains solvent and unveil a...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

Other findings in the 2007 Bath report mentioned in the Australian include failure to regularly monitor the children placed in care, poor assessment of carers, and lack of support services for at-risk children in the Northern Territory. "It's a system that's been in crisis for some time...

Author: /time Magazine | Title: Australia's Aboriginal Children: A New Inquiry | 2/11/2010 | See Source »

Five years ago, Viktor Yanukovych was the villain who sparked Ukraine's Orange Revolution. Now he is set to become the country's newest democratically elected President. A complete but uncertified count Feb. 10 gave Yanukovych a lead of 3.5 percentage points over his rival, Prime Minister Yulia Tymoshenko, in...

Author: /time Magazine | Title: Ukraine's New President: Is the Orange Revolution Over? | 2/11/2010 | See Source »

But Yushchenko and his on-again, off-again Prime Minister Tymoshenko, a former gas tycoon, fell out and failed to effectively tackle Ukraine's rampant corruption as they had promised. When the economy contracted by a massive 15% last year, Tymoshenko's fate was probably sealed. Frustration and disillusionment kept...

Author: /time Magazine | Title: Ukraine's New President: Is the Orange Revolution Over? | 2/11/2010 | See Source »

How will Yanukovych rule? Since his humiliation in 2004, the incoming President has recast himself as a moderate who sees integration with Europe as a path to higher living standards and wants close but not slavish relations with Moscow. Observers say that after 2004, Yanukovych's understanding of democracy evolved...

Author: /time Magazine | Title: Ukraine's New President: Is the Orange Revolution Over? | 2/11/2010 | See Source »

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