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Because love means never having to say you're sorry. And snow means not having to work on that paper due on Monday...

Author: By Naveen N. Srivatsa | Title: It's Snowing! | 12/5/2009 | See Source »

...largest Spanish paper, El Pais, framed the speech more as a plan for withdrawal than  a surge proposal. The biggest Italian paper, Corriere della Sera, ran the headline “Obama: Troop Withdrawal Starting in July 2011” and a subhead that reads: “The American president announces his Afghan exit strategy...

Author: By Clay A. Dumas | Title: Across the Pond | 12/4/2009 | See Source »

...security situation," says political commentator Alex Magno, who expects security matters will be a prominent election issue. In the intertwined world of this country's dynastic politics, Teodoro and Aquino are related as cousins from different branches of one of the country's wealthiest landowning families. And on paper at least, there could be five Arroyos in the next Congress; there are four in the current one. Even Imelda Marcos, the flamboyant 80-year-old widow of former dictator Ferdinand Marcos, is running for a seat - a further example of the merry-go-round of Philippine politics...

Author: /time Magazine | Title: In Philippines: Colorful, Chaotic Election Season | 12/4/2009 | See Source »

North Korean leader Kim Jong Il and his cohorts labeled this week's sudden change in the country's currency, which has left chaos in its wake, economic "reform." On Monday the North Korean regime decided to lop off two zeroes from the existing paper currency, the won, and gave North Koreans less than a week to exchange all their old notes for new ones...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

...many countries, economic reform can be a good thing. Even draconian changes to paper currency can help governments draw a line between "bad economic policies of the past, often after taming a hyperinflation," says Marcus Noland, an economist at Washington's Peterson Institute of International Economics. However, this being North Korea, one of the most repressive and impoverished nations in the world, that's not the case. The government announced that it would limit the amount an individual can exchange to just 100,000 won - or less than $40 at black-market exchange rates - and any amount above that threshold...

Author: /time Magazine | Title: Economic 'Reform' in North Korea: Nuking the Won | 12/3/2009 | See Source »

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