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...Tokyo underpin Geithner's current worldview. Remember: Japan went from boom to bust because a credit-fueled housing bubble burst. Sound familiar? The result was Japan's infamous Lost Decade of little to no economic growth. And it was, in part, the withdrawal of Japanese capital from the region that helped set off the Asian crisis in 1997 and '98 - when countries from Thailand to Russia to Indonesia to South Korea devalued their currencies and saw their economies crash. The lesson for Geithner was clear. "From my time in Japan and then dealing with the crisis of the late...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

...Israeli government's media operations are the most sophisticated in the region, and its extensively planned hasbara campaign of public advocacy swung into high gear almost as soon as the current offensive began. Israel and its advocates are stressing a broad theme to frame the conflict - rocket fire from Gaza is an existential threat from which Israel has a right to defend itself, they argue - and they are seeking to limit reporting on civilian suffering in Gaza by challenging how much time or space media outlets devote to such images and by emphasizing the great care being taken by Israeli...

Author: /time Magazine | Title: Fighting the Media War in Gaza | 1/14/2009 | See Source »

...their study, Battisti and Naylor looked only at the effect of higher temperatures - not at the possible effect of changing precipitation patterns. Yet many climatologists believe that global warming will make dry areas dryer and further damage farming, which is especially dire news for sub-Saharan Africa, a region that already struggles with heat waves, droughts and famines even as population continues to grow. "Climate change is going to be a major concern for Africa," says Nteranya Sanginga, director of the Tropical Soil Biology and Fertility Institute of the International Center for Tropical Agriculture in Nairobi. "We could lose whole...

Author: /time Magazine | Title: Why Global Warming Portends a Food Crisis | 1/13/2009 | See Source »

...While critics have charged that Israel continues to instigate the admittedly tragic violence in the region, they ignore the numerous efforts that the Israeli government has made to end the conflict. In the past decade, Israel has offered to withdraw from 97 percent of the West Bank, and has also unilaterally removed its forces from the Gaza Strip. But apparently even these well-intentioned efforts are not enough for the radical Hamas leadership, which has repeatedly refused to recognize Israel as a state and has called for its complete destruction. As Israel is—understandably—not going...

Author: By Alix M. Olian | Title: Israel Gave Peace a Chance | 1/13/2009 | See Source »

...what they have actually done to ameliorate the plight of Palestinian people. It is true that innocent civilians in Gaza lack some necessities. But instead of “aiding” the Palestinians by supplying them with missiles and mortars, Syria, Iran, and other countries in the region could provide them with much-needed food and medicine. A concrete improvement in the lives of everyday Palestinians will only occur when the incessant Hamas-instigated violence in the region has come to an end. But unfortunately for the long-suffering Palestinian people, this Gazan “government?...

Author: By Alix M. Olian | Title: Israel Gave Peace a Chance | 1/13/2009 | See Source »

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