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...challenge is especially difficult because prices are being driven higher largely by a global surge in oil and food prices, which individual governments can do little to control. A barrel of oil today is nearly five times more expensive than it was in 2003; rice prices tripled between January and May alone. "Currently, inflation is not of domestic origin, and it's not as if the government has many instruments in its hands to deal with it," says Marut Sengupta, head of policy at the Confederation of Indian Industry. That problem has left some officials uncertain how to proceed, especially...

Author: /time Magazine | Title: Tiger Trap | 7/10/2008 | See Source »

First Recon has its share of accidental shootings and fog-of-war screwups, but the matter-of-fact Kill neither assails nor excuses them. Some are racist toward Iraqis--or "hajjis"--while others are respectful even of their enemies. When a Marine urinates in a bag of rice at a destroyed guerrilla camp, another scolds him: "The men have been living here on rice and beans, sleeping out here in the cold on these rags. These are some f___ing hard men. You ladies bitch if you get an MRE [Meal Ready to Eat] without a f___ing Pop-Tart...

Author: /time Magazine | Title: Theater of the Absurd | 7/10/2008 | See Source »

...politics. (The Founding Fathers "loved gambling," he says.) But politics isn't his only passion. Before we could begin talking about the Libertarian Party, he started selling me on his lifestyle. He takes 100 vitamin supplements every day. He and his kids never drink cow's milk, just rice milk and spring water. "I meditate, exercise, pray and do yoga every day," he says. "If I had a staff of 20, they couldn't do the work...

Author: /time Magazine | Title: Libertarians: A (Not So) Lunatic Fringe | 7/10/2008 | See Source »

...presumptive Democratic nominee, has been less supportive. What really matters isn't what either does - or what the Russians say - but what the Iranians do. The closer Tehran is believed to having a nuclear weapon, Pentagon officials say, the more necessary such a Euroshield becomes. Wednesday's tests, Rice said while traveling in Bulgaria, are "evidence that the missile threat is not an imaginary one." - With reporting by Eben Harrell/London

Author: /time Magazine | Title: Saber-Rattling from Iran and Russia | 7/9/2008 | See Source »

Moscow lobbed the verbal missile toward Washington after Secretary of State Condoleezza Rice and her Czech counterpart, Karel Schwarzenberg, signed an agreement in Prague for the radar's move, which the U.S. says is designed to warn of missiles headed toward Europe from Iran. "We face with the Iranians, and so do our allies and friends, a growing missile threat that is growing ever longer and ever deeper and where the Iranian appetite for nuclear technology to this point is still unchecked," Rice said after inking the pact. "It's hard for me to believe that an American President...

Author: /time Magazine | Title: Saber-Rattling from Iran and Russia | 7/9/2008 | See Source »

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