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...sides have had two minor naval confrontations in the past 10 years. "Anytime you have a combination of this behavior of doing provocative things in order to excite a response - plus succession questions - you have a potentially dangerous mix," said U.S. Director of National Intelligence Dennis Blair in a recent speech...

Author: /time Magazine | Title: North Korea: The Coldest War | 6/22/2009 | See Source »

...pared back an estimated $1 trillion in credit lines since the peak of the credit boom, according to the now famously bearish analyst Meredith Whitney (who accurately predicted Citigroup's meltdown back in 2007). Moreover, according to a study from the maker of the all-important FICO credit score, recent cutbacks have hit twice as many of the most financially responsible consumers--those with a median credit score of 770--as those with crummy credit. "These people have done everything right," says Greg McBride, senior financial analyst with Bankrate.com "and now some arbitrary decision could torpedo their credit score...

Author: /time Magazine | Title: Could Your Credit Be Too Good? | 6/22/2009 | See Source »

...suicide rates in the world; at 23.8 per 100,000, Japan's rate is significantly higher than that of the U.S., for example, where the rate is 11 per 100,000. One in 5 Japanese men and women has seriously considered taking his or her life, according to a recent government survey; each year over the past decade, more than 30,000 people have killed themselves. And as the economic downturn has pushed rates of unemployment and bankruptcy higher, the number of suicides has risen. From January through April, 11,236 people killed themselves, up 4.5% from the same period...

Author: /time Magazine | Title: Postcard: Tojinbo Cliffs | 6/22/2009 | See Source »

...Brussels TURNING POINT Conservative parties from France to the Netherlands celebrated victories in the four-day elections for the European Parliament. While not all conservative groups notched gains, some analysts called the broader trend part of a backlash over recent government spending to fund company bailouts and stimulus packages...

Author: /time Magazine | Title: The World | 6/22/2009 | See Source »

...much more public function. Though some of the panel's reports have been less than revelatory, there have been some worthy and newsmaking insights, like the suggestion that for every $100 Paulson spent buying stakes in troubled banks, the government received assets worth only $66. The panel's most recent report, released June 9, concludes that the government's "stress tests" of banks should be repeated under more stringent conditions in the future. (See the top 10 bankruptcies...

Author: /time Magazine | Title: Elizabeth Warren: Riding Herd on the Bailout | 6/22/2009 | See Source »

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