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...Even before Wall Street's opening slump of 1.66%, prices on European exchanges suffered serious erosion, with London's FTSE 100 down 4.2%, Paris' CAC 40 by 3.6%, and Frankfurt's Dax index 2.8%. The trio closed Monday trading with losses of 5.33%, 4.48%, and 3.48% respectively. The European shrinkage followed Asia's lead, with Tokyo's Nikkei index dropping 3.8%, Hong Kong's Hang Seng off 3.9%, Sydney's All Ordinaries falling 2.8%, and Mumbai's BSE Sensex down 3.69%. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Markets Fall from Tokyo to London to New York City | 3/2/2009 | See Source »

Potty Talk. RyanAir, the low-cost European carrier, floated the idea of charging customers 1 pound (about $1.45) to use in-flight toilets. It wasn't clear whether CEO Michael O'Leary was serious about implementing the fee, which he said would help lower ticket costs, or just courting media attention. Europeans may be accustomed to paying for using the facilities on trains and in public places, but let's hope domestic carriers don't latch on to the idea...

Author: /time Magazine | Title: Agatha Christie's Private Escape, and Other Travel Goodies | 3/2/2009 | See Source »

...what should Obama and his envoys do? The only way American diplomacy will succeed in mediating serious progress and an ultimate end to the conflict is if you have a President of the United States who thinks it's an important issue and makes it a priority. I don't mean that you simply send the Secretary of State and a special envoy. I mean being prepared to pay a price in diplomacy and politics in bringing to bear all the instruments of American diplomacy on foreign partners, Palestinian and Arab, Europeans and Israelis, and at home in the Congress...

Author: /time Magazine | Title: What the Middle East Needs from Hillary Clinton | 3/2/2009 | See Source »

...spokesman for the Syro-Malabar order of the Catholic Church, Father Paul Thelakkat, said Raphael's allegations stem from "some wounded feelings," which Raphael should have raised with the church instead of "maligning the life of religious nuns." He added that Raphael's allegations are "not especially serious." "The church never claims there's no sin within the church," he said. "We're not angels - we're human beings of flesh and blood - so some omissions and failures can happen. But the church is perennially on a path of renewal and reformation. We're trying to deal with these problems...

Author: /time Magazine | Title: A Former Nun's Memoirs Rock India's Catholic Church | 3/1/2009 | See Source »

...Amnesty International, the human rights watchdog, suggested that the tribunal was ?politically selective? and that it should address the enormous number of other serious crimes committed in Lebanon in recent decades, especially during the 1975-1990 civil war. ?The mandate is by far the narrowest of any tribunal of an international nature,? Amnesty said in a statement issued Friday...

Author: /time Magazine | Title: Lebanon on Edge as Hariri Tribunal Starts | 3/1/2009 | See Source »

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