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President Obama holds his first meeting with the leader of one of America's closest allies on March 24, a man whose climb to power in many ways mirrors his own. Like Obama, Australian Prime Minister Kevin Rudd beat an older, more conservative rival to lead his country, riding a wave of opposition to the Iraq War and support for more action on issues such as health care and climate change. Both men are intellectuals from modest backgrounds, they lost fathers to car accidents at young ages, and a series of international crises are filling both their inboxes...

Author: /time Magazine | Title: Australian Prime Minister Kevin Rudd | 3/24/2009 | See Source »

...krone's strengths also reflect the current weaknesses of rival currencies. The yen and the Swiss franc had been doing pretty well amid the chaos. The Japanese currency, for instance, rose more than a fifth against the dollar in the last four months of 2008, as previously big-spending investors cashed in risky assets overseas and brought their earnings home. But that's changing. Japan's economy is in freefall. In its latest assessment of the global economy published March 19, the International Monetary Fund forecast the country's output shrinking by 5.8% this year, much more than...

Author: /time Magazine | Title: Why the Norwegian Krone Is the World's Safest Currency | 3/23/2009 | See Source »

...grass. While the team will be flying south to warmer climates and staying in hotels like most of America’s college population, there will be no tanning oils or beach balls in sight—only rubber balls. Tomorrow, the Crimson (3-1, 0-0 Ivy) faces rival Penn (1-3, 0-1), an offensive powerhouse that defeated Harvard 12-10 last season. The Crimson heads to Washington D.C. to face Georgetown on Wednesday and flocks further southward next Friday to butt heads with Presbyterian in sunny Atlanta. Harvard has played neither the Hoyas nor the Blue Hose...

Author: By Justin W. White, CONTRIBUTING WRITER | Title: Crimson Prepares to Battle Quakers | 3/20/2009 | See Source »

...Michael Clayton, Roberts shares star billing with Clive Owen, but it's not a Julia Roberts Movie. The film is a nimble, witty whirligig of a caper, and it's no criticism to say Paul Giamatti, playing an insecure loon of a CEO, and Tom Wilkinson, as his devious rival, snatch the spotlight from the pretty people every chance they get. So does the timeline, which bounces around far more than Roberts' glossy tresses. The role of Claire Stenwick, a former CIA operative now playing the espionage game in the highly competitive world of soap companies, includes ample opportunity...

Author: /time Magazine | Title: Is Julia Roberts Still Queen of the Box Office? | 3/19/2009 | See Source »

Some people suggest that Iraq's various rival factions are just lying low, waiting for the Americans to depart before renewing their armed struggles against one another. There has long been rivalry among Shi'ite parties for supremacy within their community as well as a parallel intra-Sunni battle. Elections are now playing a role in this political drama. January's provincial polls, for example, dealt a devastating blow to religious and federalist-minded parties like the Shi'ite Supreme Islamic Iraqi Council. They were firmly repudiated in favor of secular, nationalist groups. But will this resurgent nationalism carry through...

Author: /time Magazine | Title: After Six Years of War, Iraq's Future Remains Clouded | 3/19/2009 | See Source »

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