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...believe some European politicians, there may be a sinister force behind the economic crises currently convulsing Greece and Spain and threatening the stability of the euro. They believe the problems in the two countries did not happen by accident or even as a result of poor financial planning, but were instead planned all along in order to destabilize the euro. One can almost picture a bald man with an evil laugh stroking a white cat in a hollowed-out volcano and plotting world domination...

Author: /time Magazine | Title: What Caused the Euro Crisis? | 2/26/2010 | See Source »

...looks as though your favorite granny took a design degree, but the end result is stimulating and surprisingly warm. With tiny Jack Russell terrier Spud at his heels, manager Leo Rabelo explains that this is very much a hotel-as-home concept. Children are welcome, guests are encouraged to interact around the breakfast table (salvaged wood, naturally) and the perfectly preserved 1960s kitchen is available to all. "Of course, it saves guests money," Leo says, reflecting the make-do-and-mend zeitgeist of the economic downturn. "London can be expensive...

Author: /time Magazine | Title: The Luxury of Roughing It | 2/25/2010 | See Source »

...says a community leader who has received death threats and did not want to be named for security reasons. Eduardo says criminal bands like his have to kill the family members and friends of enemies in order to win their battles. "This war touches everyone," he says. As a result of the drug wars, the number of people forced to leave their homes has surged, says Aristizábal. Last year, 2,650 displaced people registered with Medellín's ombudsman's office. (See pictures of Mexico City's police fighting crime...

Author: /time Magazine | Title: In Medellín, a Disturbing Comeback of Crime | 2/25/2010 | See Source »

Security, Fayyad assumed, was one prerequisite of economic development. Another was transparent governance. "We're firing incompetents and thieves in the government. You can't be taken seriously unless you fire people," Fayyad says. As a result, "we're beginning to see some economic growth. Cement consumption is up 30%." Part of the growth has been funded by aid from the U.S., Europe and the Islamic world, which helps pay the salaries of government workers and funds new infrastructure projects. In 2008, Fayyad held a conference in Bethlehem, looking to begin the next phase - private development - and got some takers...

Author: /time Magazine | Title: Renewal in the West Bank: A Little Noticed Success | 2/25/2010 | See Source »

General Motors' efforts to sell Hummer to a little-known Chinese company have fallen apart, the U.S. automaker announced on Wednesday. As a result, GM will begin to dismantle a brand of gas-guzzling SUVs that was synonymous with pre-financial crisis wealth and excess...

Author: /time Magazine | Title: A Deal Sours, and the Hummer Bites the Dust | 2/25/2010 | See Source »

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