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...Meanwhile, Austria's mainstream parties, which have shared power in grand coalitions for most of the post-war period, are running out of steam. The latest partnership lasted less than two years before collapsing in acrimony in July, triggering this month's vote. An un-charismatic Social Democratic chancellor, Alfred Gusenbauer, failed to push through a single major policy initiative in the face of opposition from his ostensible governing partners in the conservative People's Party, which was looking for any excuse to break up the marriage. The final straw appears to have been Gusenbauer's promise, in a letter...

Author: /time Magazine | Title: Austria's Far Right on the Rise | 9/19/2008 | See Source »

...trouble getting credit in these trying economic times? Don't feel bad, so is Steven Spielberg. His DreamWorks SKG is waiting for a $500-million deal with Indian entertainment conglomerate Reliance to close. It would allow the company behind movies like Tropic Thunder and Transformers to abandon an unhappy partnership with Viacom's Paramount Pictures and produce six films a year at another studio. The hitch keeping DreamWorks and Reliance from sealing the deal is the challenge of raising an additional several hundred million dollars in debt financing at a time when Wall Street is feeling pretty stingy about extending...

Author: /time Magazine | Title: Financial Crisis Puts Squeeze on Hollywood | 9/18/2008 | See Source »

...Next year marks the 30th anniversary of the Soviet invasion of Afghanistan, which had the unwitting effect of yoking Pakistan's fortunes to those of the U.S. Do not be surprised if--even with skillful diplomacy, generous aid and appropriate military assistance--it takes another generation for that strange partnership to become one from which both partners believe they benefit...

Author: /time Magazine | Title: The Central Front | 9/11/2008 | See Source »

...buys what's best for the troops, Gates' decision suggests what critics of the procurement process have long said - that major defense purchases are salted through with political implications ("This is a very political decision," Lichte said). That's especially true in the tanker contract, because Northrop Grumman's partnership with the Airbus consortium led to complaints that jobs would be lost overseas. It also makes clear that Gates' June decision to take away the Air Force's power to pick the winner and reserve it for himself wasn't sufficient to salve the wounds of the Air Force...

Author: /time Magazine | Title: The Air Force's Tanker Tailspin | 9/10/2008 | See Source »

...security advantage of a U.S.-based coal-to-liquid-fuel plant over imports from the Middle East or Africa. In India, coal deposits have been identified, but talks with the government are at an earlier stage than in China. Sasol built a natural-gas-to-liquid plant in partnership with Chevron in Qatar in 2006, and a second such plant in Nigeria, also built with Chevron, is due for completion next year. And the company is in discussion with the government of Australia over the construction of a third gas-to-liquid plant there...

Author: /time Magazine | Title: Dirty Little Secret | 9/4/2008 | See Source »

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