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Word: regionalize (lookup in dictionary) (lookup stats)
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...until recently, the world rarely noticed what went on there - unless it involved beaches, soccer or Carnaval. "Brazil always suffered externally because of its internal poverty," says Lula's foreign-policy adviser, Marco Aurelio Garcia. The nation's founding monarchy, which lasted until 1889, insulated the country from the region's 19th century upheavals but also spawned a quasi-feudal class system that led to the inequalities that persist today. In 2000, fewer than 3% of Brazilians still owned more than two-thirds of the arable land, and the divide between the rich southeast and destitute northeast, where Lula...

Author: /time Magazine | Title: The One Country That Might Avoid Recession Is... | 3/5/2009 | See Source »

...Netherlands Sudan Leader Charged The International Criminal Court issued an arrest warrant for Sudanese President Omar Hassan al-Bashir, accusing him of war crimes and crimes against humanity in Sudan's Darfur region, where about 300,000 people have been killed since 2003. The charges are the first for a sitting head of state since the court opened in 2002. While many hailed the milestone, others believe al-Bashir is unlikely to face justice...

Author: /time Magazine | Title: The World | 3/5/2009 | See Source »

...since, capitalism has transformed the former Soviet vassals. The transition was not always easy. "Shock therapy," slashed budgets and the privatization of state factories and firms stoked corruption and left millions temporarily worse off. But with political stability and reforms (most of them tied to European Union membership), the region went on to enjoy more than a decade of rollicking growth, massive foreign direct investment and steady employment...

Author: /time Magazine | Title: Solidarity's End | 3/5/2009 | See Source »

...Hungary and Latvia the International Monetary Fund has stepped in with emergency aid. (Latvia's government collapsed anyway.) Currencies have crashed, leading the European Central Bank to help Hungarians and Poles keep paying their foreign currency-denominated mortgages by pumping in euros. The fear now is that the region's banks could collapse, especially if Western banks yank credit lines to eastern subsidiaries. Such a move would be counterproductive. Western banks, particularly in places such as Austria, Belgium and Sweden, have huge exposure to emerging Europe's economies. If banks there crash, it could trigger a financial domino effect that...

Author: /time Magazine | Title: Solidarity's End | 3/5/2009 | See Source »

...Syria's support for militants in Lebanon, the Palestinian territories and - the U.S. alleged - Iraq. Hoping that isolation would change Syrian behavior, Washington encouraged Israel to ignore the Syrian charm offensive. But since the Obama Administration took office with the intention of repairing America's frayed relations in the region, the much discussed - but rarely traveled - road to Damascus has suddenly been busy with American emissaries, including Senate Foreign Relations Committee Chairman John Kerry, who visited Syria last month. The flurry of diplomatic excitement caused by Clinton's public handshake with Moallem, followed by Tuesday's announcement that Washington will...

Author: /time Magazine | Title: Clinton Courts Syria, but Will Israel Play Ball? | 3/3/2009 | See Source »

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