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...university lecturer and fellow of Trinity College at the University of Cambridge, wrote in an e-mail that he believes that the current account will eventually adjust. “Differences in productivity growth affect the real exchange rate in the long run,” he wrote. To respond to the growing deficits, President Bush’s administration should curtail discretionary spending, he added. Feldstein said he did not believe the dollar needed to fall immediately. “If the savings rate doesn’t change, then depreciation won’t help...

Author: By Jan Zilinsky, CONTRIBUTING WRITER | Title: Feldstein Says U.S. Dollar Needs to Depreciate | 1/12/2007 | See Source »

...company must meet all of the following criteria: They must have a business relationship with the Sudanese government or be involved in a government-created project, fail to benefit civilians outside of the government, fail to implement a substantial corporate governance policy regarding the genocide, and fail to respond to attempts at shareholder engagement. In other words, it is a high...

Author: By Rebecca J Hamilton | Title: A Permanent Solution | 1/9/2007 | See Source »

...early May 2005, and alarm bells in Washington's media echo chamber were ringing. A leaked Pentagon report had warned that the strain of the Iraq and Afghanistan wars could crimp the Defense Department's ability to respond quickly to other conflicts, and pundits were fretting that China and North Korea could exploit the vulnerability. But flying through Asia in his Air Force Boeing 737, Admiral William Fallon, the man who had taken over the U.S. Pacific Command just two months earlier, wasn't ruffled. His command - with 300,000 soldiers, sailors, airmen and Marines - still outclassed the force Beijing...

Author: /time Magazine | Title: The Man Who'll Lead the Surge | 1/9/2007 | See Source »

Osama bin Laden has called for jihad in Africa, trying to capitalize on its extreme poverty. Here's how we can respond. While malaria has shaped Africa's poverty trap, it is a trap that can finally be unlocked. Spectacular technological advances, some stunningly simple, offer practical and low-cost solutions. The most obvious one is insecticide-treated bed nets, now cleverly engineered to last up to five years. The cost to manufacture, ship and distribute each net is $10. A new generation of medicines based on artemisinin, an extract from a traditional Chinese herbal remedy, is remarkably effective...

Author: /time Magazine | Title: The $10 Solution | 1/4/2007 | See Source »

...protest has been more effective than the Legrands had imagined. Sustained media coverage has lured interested visitors and sympathizers to the canal, turning up the heat on politicians. Conservative presidential hopeful Nicolas Sarkozy was the first to respond, issuing a vague campaign promise to virtually eradicate homelessness - a socially ambitious position for an otherwise militantly free-market candidate. Initially reticent to respond to what it snubbed as a grandstanding manipulation of unfortunates, France's conservative government returned from its Christmas break with promises to increase and improve shelter capacity for the homeless. Under personal orders of President Jacques Chirac...

Author: /time Magazine | Title: Down and Out in Paris | 12/29/2006 | See Source »

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