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...problem brings the trouble of rising deficits and falling GDP and tax collections closer to the U.S.. The largest purchaser of American Treasuries, China, has already voiced concern about the profligacy of spending that is part of the plan to pull the U.S. out of a deep recession. If China cuts back its purchases of Treasuries, even a bit, interest rates on paper issued in the future could move up substantially...

Author: /time Magazine | Title: U.K. Debt Moves Sovereign Borrowing Issue Closer To U.S. | 5/21/2009 | See Source »

...policies. Chief among them is Defense Minister Juan Manuel Santos, who oversaw a series of battlefield triumphs including last year's commando raid that rescued 15 guerilla-held hostages. Santos will step down at the end of the month to launch his own presidential bid but said he would pull out if Uribe is allowed to run. The reason? Opinion polls show that in a head-to-head contest, Santos would be trounced by his former boss...

Author: /time Magazine | Title: Colombia's Uribe: Keeping Up with Hugo Chávez | 5/20/2009 | See Source »

...former illegal worker in the U.S., I found your article on immigration compelling. It is true we are living in difficult times, but we must avoid seeking scapegoats during the economic crisis. In the end the only thing that will get us out of this mess is to pull together legal and illegal, foreign worker and local. Where do you think these deported immigrants will find jobs back home? In Mexico, perhaps with the drug cartels south of the border. Or why not with outfits like the pirates off the coast of Somalia? Let's not forget that a newly...

Author: /time Magazine | Title: Inbox | 5/18/2009 | See Source »

...umbrella International Jewish Committee on Interreligious Consultations, says the Williamson affair is an "absolute gift" because it enabled the Pope to reiterate his affection for the Jews. Yet while Benedict may have been unaware of Williamson's Holocaust-denying interview, the Pope--who has been trying to pull the SSPX back into the fold for decades--must have been aware that anti-Semitism was something of an SSPX calling card. Says Eugene Fisher, a former Jewish-affairs expert for the U.S. Conference of Catholic Bishops, who generally lauds Benedict's dealings with Jews: "I think he should have...

Author: /time Magazine | Title: Pope Benedict on the Question of Judaism | 5/18/2009 | See Source »

...Alexeyev had hoped that the Eurovision finals would help his cause, he was wrong. The events were treated with an awkward silence from Eurovision organizers. The Dutch team had threatened to pull out of the competition if the parade was banned, but the team did not qualify for the finals. And the Norwegian winner, Alexander Rybak, patronizingly told a press conference, "I think it's a little bit sad that they chose to have the protest today. They spent all their energy on that parade, while the biggest gay parade in the world [an allusion to the campy performances...

Author: /time Magazine | Title: Russia to Gays: Get Back into the Closet | 5/18/2009 | See Source »

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