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...European nations, the concern has emerged that Ukraine, Lithuania, and Romania may have trouble with that debt obligations. The IMF says it is not worried about defaults, but it does not hold large amounts of the notes issued by these countries to fund their budgets, which have begun to post substantial deficits...

Author: /time Magazine | Title: Sending the Financial World to Save Eastern Europe | 2/27/2009 | See Source »

...could get people to sit down and reconcile their differences,” says Owen J. Clements, a member of the Law Review under Kagan’s leadership. “She struck me as wise beyond her years.”D.C.-BOUNDNominated to the post of solicitor general, Kagan may soon have the opportunity to exercise her diplomatic skills in the political arena, returning to a realm she left in 1999 after working for several years as an adviser in the Clinton White House.Though critics point to her lack of experience arguing before the Supreme Court?...

Author: By Elias J. Groll and Athena Y. Jiang, CRIMSON STAFF WRITERS | Title: Kagan's Legal Legacy | 2/27/2009 | See Source »

...military areas. Or they could give 10 seats to Puerto Rico," George Washington University law professor Jonathan Turley told Politico. And the President does have other things on his plate. Despite his support, Obama recently indicated he may not go to bat for the idea, telling the Washington Post his legislative agenda is already "chock-full...

Author: /time Magazine | Title: Washington, D.C. | 2/26/2009 | See Source »

...licensed stockbrokers on the exchange, with little to do. Where once he enjoyed the frenetic lifestyle of a much sought-after banker, he has spent most of the past three months working "about five minutes" a day. He would show up at the exchange to post sell orders, but there were never any buyers - the hostile political climate has scared off even the most battle-worn investors. "It's only procedural," he says. "I come into the office, and there's just nothing going...

Author: /time Magazine | Title: 25-Min. Workweek on Zimbabwe's Stock Exchange | 2/26/2009 | See Source »

...opportunity to surrender their weapons. The cease-fire in Swat, however, comes at a moment when four-fifths of the area is under the control of the forces of local jihadist Maulana Fazlullah, which have yet to lay down their weapons. Indeed, when the new government administrator took his post in the area on Sunday, he was kidnapped by local Taliban forces and held hostage to secure the release of a handful of their imprisoned comrades. Military officials say the level of civilian casualties in the fighting there made a truce preferable to the ongoing counterinsurgency campaign that had alienated...

Author: /time Magazine | Title: Shifting Alliances Complicate U.S.-Pakistan War Against Militants | 2/26/2009 | See Source »

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