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...Obama's speech will almost certainly be watched and listened to by millions of Africans, many of whom are struck by the fact that in contrast to that of several of their leaders, Obama's path to power was not paved by family connections or inherited wealth and regard Obama as one of their own. "I have lost count of the number of people I know who have been inspired and mobilized by Obama," Richardson wrote on the website ModernGhana.com in April. "My dear old mother, who previously had little interest in political matters, has been energized to an extent...

Author: /time Magazine | Title: Welcome to OBamako: Africa Awaits Obama's Return | 7/9/2009 | See Source »

...Others regard the overwhelming mandate given to President Yudhoyono in his second and final term as head of state as a means of allowing him to focus more on policy than politics. His vice presidential pick of Boediono, a former central banker with no political affiliations, was another sign of how he resisted political pressures from coalition partners and chose a running mate known as capable and clean. "When he chose Boediono, that was the moment of truth," offers Wimar Witoelar, a former presidential spokesman. "I hope he has the courage not to be pressured by politicians. If it works...

Author: /time Magazine | Title: What Indonesia's President Needs to Do | 7/9/2009 | See Source »

...antidiscretion case has been made for years with regard to Federal Reserve monetary policy. Becker's Chicago teacher Milton Friedman thought that instead of tweaking interest rates, the Fed should just automatically increase the money supply 3% to 4% a year. Measuring the money supply in an era of financial innovation has turned out to be awfully hard, so in recent years believers in an automated Fed have turned to an equation concocted by Stanford economist John Taylor that takes in inflation, current economic growth and long-term-trend growth and churns out a suggested Fed interest-rate target. Taylor...

Author: /time Magazine | Title: Dumbing Down Regulation: The Quest For Simpler Rules | 7/6/2009 | See Source »

...Israeli settlement expansion, perhaps the largest current impediment to peace between Israel and its neighbors. It’s one thing for the U.S. to deny in word alone the carte blanche that Israel enjoyed during the Bush administration, and another to take some sort of action. With regard to the settlement “freeze,” Washington would be wise to demand a clear, concrete delineation, lest, in Judt’s words, it be “played yet again for a patsy...

Author: By James K. Mcauley | Title: An End in Sight? | 7/6/2009 | See Source »

...three-day weekend were found to be a particularly vulnerable subset. During the early weeks of summer, say, Fourth of July weekend, they are at their weakest. Labor Day is only a distant promise. It's hot. Typically, at least one member of the family is feeling fragile in regard to fireworks. Movies are a refuge, and this subset - one of considerable size - will take their children to see anything...

Author: /time Magazine | Title: Ice Age: Dawn of the Dinosaurs: Frozen Stereotypes | 6/30/2009 | See Source »

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