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...economies are showing signs of a modest revival: business confidence is buoyant, investment is rising and the Continent's thrifty consumers are even loosening their purse strings a little. But the European Central Bank (ECB) is not cheering. Last week, ECB president Jean-Claude Trichet confirmed to the European Parliament that the bank is planning to raise interest rates in the near future to combat what it sees as growing inflationary pressures. The first hike could come as early as this week. Trichet insisted that rate rises will be limited in scope and that the bank won't follow...

Author: /time Magazine | Title: Attracting Unwelcome Interest | 11/27/2005 | See Source »

...depend on conditions on the ground, warn against any abrupt cutbacks. "A precipitous pullout would be destabilizing," says Army Lieut. General John Vines, the top ground commander in Iraq. And the Pentagon expects a spike in violence in the run-up to the Dec. 15 election for a new parliament. But the debate over a withdrawal, spurred in part by Democratic Representative John Murtha's call two weeks ago for an accelerated departure, is now out in the open. Here are some of the key questions going forward...

Author: /time Magazine | Title: Symptoms of Withdrawal | 11/27/2005 | See Source »

...Okhotsk near Vladivostok. China waited at least a week after the explosion to notify Russia about the toxins. The two countries are now conferring, but Russian politicians have complained. Viktor Shudegov, Chairman of the ecology, education and science committee in the upper house of the Russian parliament, has suggested that Russia sue China. SEPA says the slick will reach Russia around...

Author: /time Magazine | Title: China's Toxic Shock | 11/27/2005 | See Source »

...Most of the hard work is done by the women, most of the decision-making is done by men." SANJAASUREN OYUN, one of only five women members of Mongolia's parliament, talking with U.S. First Lady Laura Bush during the Bushes' visit to Mongolia last week...

Author: /time Magazine | Title: Verbatim | 11/27/2005 | See Source »

...Western donors, even they have now begun to slide. In Ethiopia, Zenawi has sent troops onto the streets to stop opposition supporters protesting the results of a general election last May. In Uganda, an increasingly dictatorial Museveni announced two weeks ago that he will run for office again, following Parliament's decision to scrap term limits that would have forced him to retire. That long-expected bulletin came just days after his main opponent was thrown in prison on charges - vehemently denied - of treason and rape. Demonstrations have been temporarily banned. So, Achebe's lament still holds true, then...

Author: /time Magazine | Title: Africa's Game of Follow the Leader | 11/26/2005 | See Source »

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