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...move could put Europe at loggerheads with the U.S. Last week, Obama said Wall Street could not go back to the days of "reckless behavior and unchecked excess," but he has repeatedly said he is against creating strict rules on pay. Luxembourg Prime Minister Jean-Claude Juncker said on Sept. 17 that Europe should act on bonuses "whether the Americans are with us or not." (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: The E.U. Talks Tough on Bonuses, but Will It Act? | 9/22/2009 | See Source »

...Palestinians. And while President Barack Obama has brought more vigor and urgency than his predecessor to the quest for a two-state peace, this week he finds himself in the position of wanting to restart peace talks more than the parties themselves do. Obama will meet with Israel's Prime Minister, Benjamin Netanyahu, and Palestinian Authority President Mahmoud Abbas on Tuesday, on the sidelines of the U.N. General Assembly session in New York City. But both sides have made clear that they'll essentially be humoring Obama, showing up because the President of the United States expects it of them...

Author: /time Magazine | Title: What If Nobody Came to a U.S. Peace Process? | 9/22/2009 | See Source »

...problem in getting the process moving again, of course, is that Netanyahu and Abbas don't share a common destination. The Israeli Prime Minister has surged in Israeli opinion polls by pushing back against Obama's settlement-freeze demands, and he is under no domestic pressure to make any concessions. But Abbas' domestic constituency will see the New York City meeting as yet another humiliation inflicted on him by Washington, which has had him pose for endless photographs with an array of Israeli leaders who have no intention of satisfying the basic demands of a peace agreement he could accept...

Author: /time Magazine | Title: What If Nobody Came to a U.S. Peace Process? | 9/22/2009 | See Source »

...trial pitting French President Nicolas Sarkozy against fellow conservative and former Prime Minister Dominique de Villepin has just opened and already the French media is buzzing with words like hatred, treason and war. In the same courtroom in which a French revolutionary tribunal sentenced Marie Antoinette to the guillotine in 1793, a panel of judges will hear whether de Villepin was actively involved in a smear campaign that was apparently designed to torpedo Sarkozy's ultimately successful 2007 presidential bid. The outcome will determine whether the flamboyant de Villepin's political career dies on the spike of a guilty verdict...

Author: /time Magazine | Title: Sarkozy vs. de Villepin: France's Trial of the Century | 9/22/2009 | See Source »

...false - as was the forged list of names of 89 Clearstream account holders that was sent to a French investigating judge in 2004 by an anonymous whistle-blower. Among those cited were then Finance Minister Sarkozy, who at the time was locked in a fierce battle with his boss, Prime Minister de Villepin, over who would run as the right's standard-bearer in the 2007 elections to succeed conservative President Jacques Chirac. The court will examine whether de Villepin used what he eventually learned was a fraudulent list in the hope that it would scuttle Sarkozy's presidential...

Author: /time Magazine | Title: Sarkozy vs. de Villepin: France's Trial of the Century | 9/22/2009 | See Source »

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