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...Still, Musharraf's exit is likely to provide the coalition a significant if brief popularity bump. The Karachi Stock Exchange rose 4%, and the rupee rose marginally against the dollar. But with inflation at 25%, alarming levels of capital flight, soaring costs of food and fuel, and rising unemployment, the economic outlook remains bleak. And as Pakistan-based Taliban become more confident, Islamist militancy is a growing concern...

Author: /time Magazine | Title: In Pakistan, Musharraf Bows Out | 8/18/2008 | See Source »

...Alive, the Woodman has not been residing in the auteur empyrean for the past couple of decades. There was a four-film stretch of genuine stinkers - Small Time Crooks, The Curse of the Jade Scorpion, Hollywood Ending and Anything Else - followed by one, Melinda and Melinda, that rose to the level of eh. And since this quintessential New Yorker exiled himself to Europe (where his fondest admirers live, and where the money for his pictures now comes from), he'd made a suave sex-and-murder mystery, Match Point, and two that deserve to have the veil of anonymity drawn...

Author: /time Magazine | Title: Woody Allen's Barcelona Summer of Love | 8/15/2008 | See Source »

...President 24 hours earlier: "We have found that a lot of the initial reports that we have received on things going on in Georgia have not been accurate," the Defense Secretary said, diplomatically ignoring the fact that his boss had given those reports credence by reiterating them from the Rose Garden. "Our latest information, for example, is that the commercial port at Poti is intact and usable. And we think that the Russians never actually imposed a blockade...

Author: /time Magazine | Title: Gates Dials Down Russia Rhetoric | 8/14/2008 | See Source »

Bush raised the rhetorical temperature several degrees in his statement. "Russia's ongoing action raised serious questions about its intentions in Georgia and the region," Bush said in a Rose Garden announcement Wednesday. In a veiled threat of isolating Russia from the World Trade Organization, the G-8 and the NATO consultative relationship it has held for more than a decade, Bush said Russia was "putting its aspirations [of international integration] at risk...

Author: /time Magazine | Title: Bush Raises the Heat in Georgia Crisis | 8/13/2008 | See Source »

...made the announcement after a morning of "rolling meetings" with national security advisers. These started at 8 a.m. with his daily intelligence briefing, which became a meeting of the National Security Council (NSC). Bush spoke to French President Nicolas Sarkozy at 10 a.m., then made his announcement in the Rose Garden at 11:10 a.m. The plan had been for Rice to announce the humanitarian mission at 10:30 a.m. But Bush and his advisers apparently decided that the President himself needed to deliver a more forceful American response to Russia. "The situation on the ground changed," NSC spokesman Gordon...

Author: /time Magazine | Title: Bush Raises the Heat in Georgia Crisis | 8/13/2008 | See Source »

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