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...ludicrous that amid such a catastrophe the military junta asked people to vote on a constitutional referendum to enable their sham "discipline-flourishing democracy." It is even more reprehensible that, while people are starving and dying in the cyclone's wake, the military is hampering the efforts of relief workers. Too bad Burma's resources are not as coveted as those of the Middle East. If they were, surely the U.S. and a coalition of other willing allies would have forced more comprehensive action. John Lee, Hong Kong...

Author: /time Magazine | Title: Inbox | 5/29/2008 | See Source »

...shifted their liabilities further into the future: on average, newly issued bonds now mature in 2010 or after, rather than within a year. Although Iceland's major banks had hoped to grow quite quickly this year, they will use their liquidity conservatively as a buffer instead. Meanwhile, to their relief, Iceland's banks have negligible subprime exposure. Whether through luck or foresight, Glitnir and Landsbanki didn't buy any of the bad paper...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

Tragedy in Burma It is absurd in such a catastrophe that the military junta has asked people to vote on a constitutional referendum called "discipline-flourishing democracy" [May 19]. It is equally appalling, while people are dying in the wake of the cyclone, to slow the arrival of relief workers. Too bad Burma has no oil. If it did, I'd bet America and its allies would find a way to solve the problem. John C.M. Lee, HONG KONG...

Author: /time Magazine | Title: Nearing the Finish Line | 5/28/2008 | See Source »

...Geldof had an audience with Blair. Bono says that Blair was "the first head of state with whom we didn't have to argue that debt cancellation was not about charity, but justice." (Campbell remembers the meeting a little differently. Blair, he writes in his diaries, said debt relief was like Mount Everest. Bono replied, "When you see Everest, Tony, you don't look at it, you f___ing climb it.") I had breakfast with Blair in his hotel room the next morning, anxious to know how the talks on Kosovo had gone. In hindsight, I'd missed...

Author: /time Magazine | Title: Tony Blair's Leap of Faith | 5/28/2008 | See Source »

Most Lebanese are breathing a sigh of relief that civil war was averted after the violent clashes of two weeks ago, but Suleiman faces some unenviable challenges in the weeks and months ahead to preserve that peace and stability. Suleiman, 59, is the 12th president of Lebanon and a Maronite Christian, like all his predecessors, due to a sectarian power-sharing formula devised in 1943 when Lebanon gained independence. Since 1989, when the formula was adjusted, the President in Lebanon does not hold executive power - that authority belongs to the Prime Minister - but Suleiman stands to play an influential role...

Author: /time Magazine | Title: A New Man for Lebanon's Old Puzzle | 5/26/2008 | See Source »

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