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...With the unemployment rate surpassing the Administration's best predictions, ABC's George Stephanopoulos asked Vice President Joe Biden if the stimulus package was too small or if the White House simply didn't have a handle on the seriousness of our economic ills. When an interviewer posed a similar question on National Public Radio, the chair of the President's Council of Economic Advisers, Christina Romer, replied, "It's important to realize that none of us has a crystal ball...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

...also far more hated by the local population. If you read the reports coming out of Swat, out of Southern Afghanistan, out of Kandahar, Helmand, the tribal areas in Pakistan, increasingly the people of the border areas refer to them as criminals and gangsters. They really are more similar to Tony Soprano than the Che Guevara image we have. They are hardly behaving like pious Muslims...

Author: /time Magazine | Title: Fighting the New Narcoterrorism Syndicates | 7/17/2009 | See Source »

...Iceland sees the E.U. as a safe haven from the world's harsh economic winds. In particular, euro membership would allow it to ditch the crippled krona. The E.U. would gain a new member with similar values to its own, which would help strengthen its reach as a global power. In return, Iceland can expect accession talks to move at a double-quick pace. As a member of the European Economic Area (EEA), Iceland already has access to the E.U.'s single market. It is also part of Europe's border-free Schengen zone, and virtually all the other...

Author: /time Magazine | Title: Iceland's Urgent Bid to Join the E.U. | 7/17/2009 | See Source »

...comply with requirements set out by the European Union, which the country is seeking to join. But the law also dovetails with the Islamic-rooted government's deep distaste for tobacco and alcohol. None of Erdogan's ministers smoke, and previous governments had been trying to introduce similar laws for years, only to be stymied by strong pressure from tobacco lobbyists. Turks spend almost $25 billion a year on cigarettes. (Read: "New Turkish Law Curbs Military's Power...

Author: /time Magazine | Title: Lights Out: Turkey is Next to Ban Smoking | 7/17/2009 | See Source »

...that it was taking extraordinary care to avoid civilian casualties, Israel has rejected allegations to the contrary, suggesting they lack a basis in fact and are instead driven by agendas hostile to the Jewish State. But suggestions of bias and hostility toward Israel are a more difficult response when similar claims are made by Israeli soldiers involved in the operation. In March, a group of soldiers who had fought in Gaza told a forum at an Israeli military college of a number of instances in which Palestinian civilians had been killed as a result of overly permissive rules of engagement...

Author: /time Magazine | Title: Dissident Israeli Soldiers Turn a Harsh Light on the Gaza War | 7/16/2009 | See Source »

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