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...participants who he viewed as having a false sense of their international identity), famously dismissed the conference as a "watering hole for the global elite." The WEF quickly responded to the complaints by inviting representatives of developing countries and NGOs to the meeting and introducing an adjacent forum nearby, open to all members of the public...

Author: /time Magazine | Title: The Davos Conference | 1/27/2009 | See Source »

...Monday, McDonald's confirmed earlier press reports that it will spend about $1.1 billion - more than half its total global investment funding in 2009 - to revamp scores of existing restaurants in Europe and open 240 new ones there. That effort will not only focus on relatively new markets in Eastern Europe like Russia and Poland, but also sink roots deeper in West European nations like Italy, Spain and France - generating about 12,000 badly needed new jobs in the process. As part of that expansion plan, McDonald's says it will add about 400 new McCaf...

Author: /time Magazine | Title: Supersizing Europe: The McDonald's Stimulus Plan | 1/26/2009 | See Source »

...carbon emissions, it would actively prevent states - even ones with Republican governors - from taking steps on their own. Now, with Obama directing his EPA to reconsider the waiver - and new EPA head Lisa Jackson has said that she would "very, very aggressively" review the request - the door is open to California once again taking the lead on cleaner cars. "It's a tremendously important step because we are in an urgent race against the climate crisis," says Vickie Patton, a senior attorney for the Environmental Defense Fund...

Author: /time Magazine | Title: Obama's Move on Fuel Efficiency: A Clean Win for Greens | 1/26/2009 | See Source »

...hotel has loaded up an iPod, left in the room, with favorite romantic crooners. The in-room video system is similarly stocked for you to cue up Casablanca or other romantic movies. You can stay put and have a bath or adjourn to the rooftop pool, which will be open until midnight on Feb. 14. Champagne breakfast and a 2 p.m. checkout top it off. Starting at $409. Through the end of Feb. Wilton Place, London, 0207-107-8830 (See 10 things to do in London...

Author: /time Magazine | Title: Valentine's Deals That You'll Love | 1/26/2009 | See Source »

...publicly backed away from that promise. Indeed, as Obama prepared to meet with Pentagon officials yesterday, his spokesman Robert Gibbs said, "He will ask for planning to redeploy combat troops within 16 months." Senior officials in Iraq are making clear that they too are open to seeing U.S. troops depart ahead of schedule, setting the stage for a renegotiated U.S.-withdrawal deadline (See pictures of how Iraq's street are returning to normal...

Author: /time Magazine | Title: How Soon Is Too Soon to Leave Iraq? | 1/26/2009 | See Source »

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