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...After claims by Russia over the weekend that Georgia had lobbed mortars over the border into South Ossetia, Georgia's Foreign Ministry on Monday accused Russia of setting up new border posts inside undisputed Georgian territory. Calling the move "extremely alarming," the Ministry said the incident - which allegedly happened on Sunday near the village of Kveshi, between the South Ossetian capital of Tskhinvali and Gori, Georgia's second largest city - was an "attempt by the Russian occupants to penetrate into the depth of Georgian territory." (See pictures of the war in Georgia...

Author: /time Magazine | Title: One Year On, Could Russia and Georgia Fight Another War? | 8/7/2009 | See Source »

...hours on a recent evening, the headaches of keeping a step ahead of Iran's notorious security forces begin to fade. Skateboarders, BMX bikers and aggressive inline skaters zip down the quarter-pipe in their baggy street wear, pumping their arms whenever they land a tricky move. Small groups of teens from relatively well-off families, some still in middle school, stand on the sidelines staring in awe while beats spin over the booming speakers...

Author: /time Magazine | Title: Graffiti, Hip-Hop, Sk8s: Tehran's Young Rebels Battle the Crackdown | 8/7/2009 | See Source »

...regulators and politicians are slowing the process, though, it doesn't mean there's no movement. The House, with its solid majority of Democrats and tight control by Nancy Pelosi and House Financial Services chief Barney Frank, is expected to move legislation early in the fall. Senator Chris Dodd, the Senate Banking Committee chairman, faces a tough re-election battle in 2010 and has every reason to push for a bill. His GOP counterpart, Shelby, is a potential obstacle, but aides say the 75-year-old Senator recognizes the need for change: no one wants a taxpayer-funded bailout like...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

...major oversight bodies, including the FDIC, the Office of the Comptroller of the Currency, the SEC, the Commodities Futures Trading Commission, the Fed and others. As he talked about the state of the Administration's proposal introduced last spring, Geithner started swearing about the need for regulatory reform to move forward. "There was liberal use of expletives," says an official briefed on the meeting. "Obviously it made some people uncomfortable." (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

...postprandial cardamom coffee should give you the energy for a tour of Azem Palace, the biggest Ottoman house in the Old City. You may snigger at the mannequins in period costume, but you'll gasp at the exquisite carving, painted ceilings and marble floors. Move on to Umayyad Mosque, one of the world's oldest, having been completed in 715. Before that, it was successively an Aramaean temple, a Roman temple and then a Byzantine church. Over the centuries it has become a meeting place for the city. The mosque's courtyard - an inadequate term for this vast plaza...

Author: /time Magazine | Title: How to Do Damascus | 8/6/2009 | See Source »

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