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...decade, recently reported its economy in the first nine months of 2008 grew at the slowest pace in 15 years. Most of the G-7 economies have already experienced one quarter of negative growth and will likely experience a recession. Small emerging economies are under serious strain as they seek International Monetary Fund bailouts...

Author: /time Magazine | Title: Looking for the Bottom | 11/6/2008 | See Source »

...better I got to know the Obamas, the more astonished I became at the unlikeliness of Barack's ascension. This is the story of a grandfather whose stubborn will found a match in the austerity of Islam and drove his son to seek a scholarship abroad, which in turn led the young man to Hawaii, where he met and married Ann, a Christian, and had a son--who, at 47, will become the first black President of the U.S. There are so many unlikelihoods in his story that an Obama victory seemed like a fairy tale. As Election Day approached...

Author: /time Magazine | Title: Postcard from Kogelo | 11/5/2008 | See Source »

...speed on the complexity of the international challenges he will face, Obama will start filling the senior national-security posts in the new Administration. Candidates for secretary of state are believed to include former U.N. ambassador Richard Holbrooke and Chuck Hagel, a GOP senator from Nebraska who did not seek re-election and has been critical of the war in Iraq. A spokeswoman for John Kerry denied rumors that the Massachusetts senator and failed 2004 presidential nominee was also seeking the job. In the running to serve as Obama's national security adviser are James Steinberg, who served as Clinton...

Author: /time Magazine | Title: Easing In Obama as Commander in Chief | 11/5/2008 | See Source »

...This victory alone is not the change we seek," he challenged the nation on Tuesday night. "It is only the chance for us to make that change. And that cannot happen if we go back to the way things were. It cannot happen without...

Author: /time Magazine | Title: How Obama Rewrote the Book | 11/5/2008 | See Source »

...Whatever his preference, he'll have to get out of the Madrid airport first. On Monday, the fourth son of al Qaeda leader Osama bin Laden took advantage of a layover on his Cairo-to-Casablanca flight to seek political asylum in Spain. But on Wednesday, Spain's Interior Ministry confirmed it had rejected his request. A ministry official said the government determined that bin Laden did not "meet the conditions necessary for entering Spain." (The ministry official spoke on condition of anonymity in line with government policy.) He has 24 hours to make an initial appeal and remains...

Author: /time Magazine | Title: Bin Laden's Son Loses Political Asylum Bid in Spain | 11/5/2008 | See Source »

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