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...been involved in military engagements beyond its backyard before, but such an ambitious mission so far from Europe is being touted as a turning point in E.U. foreign policy. It is considerably larger that 2003's Operation Artemis, a 1,400-strong E.U. rapid reaction force in the Democratic Republic of Congo, and smaller, mainly humanitarian missions to Georgia, the Aceh region of Indonesia and Ukraine...

Author: /time Magazine | Title: EU to Deploy Troops to Africa | 1/28/2008 | See Source »

...spending to show the world that we can behave responsibly, see how the world responds to that, and let the Federal Reserve Board supply the stimulus with lower interest rates. If we must have a fiscal stimulus, let's make sure it's not too enjoyable. Build some rapid transit; don't give away any tax breaks...

Author: /time Magazine | Title: Hair of the Dog | 1/24/2008 | See Source »

...Rapid growth in China, India and other emerging markets had spurred a lot hopeful talk about how they had "decoupled" from the world's traditional growth engine, the U.S. South Korea, for example, now exports more to China than it does to the United States. But developing nations have been anything but safe havens in the recent turmoil, indicating that the decoupling theory will now be tested with a vengeance. "There's no question the slump in the US will have hurt [Asia's] exports," says Shanghai-based economist Andy Xie. Morgan Stanley's Roach believes decoupling...

Author: /time Magazine | Title: World Markets Catch a US Cold | 1/23/2008 | See Source »

...there is nothing else feasible to replace it. "The World Future Energy Summit is nothing less than the future of the world itself," said Jonathan Porritt, founder of the UK sustainability organization Forum for the Future, one of the few speakers at the conference to call for a rapid reduction in fossil fuels. Green dreams are nice, but we need a green reality soon...

Author: /time Magazine | Title: An Oil Giant's Green Dream | 1/21/2008 | See Source »

...most intriguing innovations was the launch of a "Rapid Response Media Mechanism," which would enable the Alliance to generate accurate, responsible reports in times of international crisis. "Anytime something happens, the jihadis have the capability of getting their side online within a few hours," said David Michaelis, director of current affairs for the San Francisco-based LinkTV, and a Forum participant. "We have to be able to answer, to get a moderate point of view up, just as quickly." Hameed Haroon, CEO of the Pakistani media group, Dawn Publications, came out of the media workshop bursting with ideas. "It needs...

Author: /time Magazine | Title: Madrid Conference: More than Talk? | 1/17/2008 | See Source »

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