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Japan was the right place at the right time for Geithner because Tokyo had become a critical post for any U.S. government official. The Soviet Union had collapsed, the Cold War was over, and there was great interest in the alternative Asian economic models that seemed to be performing better than the U.S.'s. Bilateral-trade issues had suddenly become what arms-control talks had been to the Cold War. Geithner made his bones in the U.S. Treasury by helping negotiate a comprehensive deal with Japan that, against all expectations, opened Tokyo's financial-services sector to foreign companies...

Author: /time Magazine | Title: Can Tim Geithner Lead the Economy Out of Its Mess? | 1/14/2009 | See Source »

Freedom is on the march! Sort of. According to Freedom House, a nonpartisan democracy and human-rights NGO, freedom has advanced in certain pockets of the globe (shout out to you, South Asia), while having retreated in many other places (but not to you, former Soviet Republics). In this latest version of their annual report, the group surveyed 193 countries and 16 territories, labeling each either "Free" (possessing political competition and respect for civil liberties and an independent media), "Partly Free" (limited political and civil rights, often afflicted by corruption and various forms of strife, or "Not Free" (totalitarian, lacking...

Author: /time Magazine | Title: Which Nations Are Freer Than Others? | 1/14/2009 | See Source »

...former Soviet states: "Significantly, the only area to show outright decline during the Bush years was the non-Baltic former Soviet Union, potent evidence of a steadily growing 'freedom divide' between those former communist countries that have joined, or sought to join, the European Union, and those which have yet to cast off the Soviet Legacy...

Author: /time Magazine | Title: Which Nations Are Freer Than Others? | 1/14/2009 | See Source »

...during the summer of 2003 - and found that crop yields have suffered deeply. In Italy, maize yields fell 36% in 2003, compared with the previous year, and in France they fell 30%. Similar effects were seen during a major heat wave in 1972, which decimated farms in the former Soviet Union, helping push grain prices to worryingly high levels. If those trends hold in the future, the researchers estimate that half the world's population could face a climate-induced food crisis by 2100. "I'm very concerned," says Naylor. "How are we going to feed a world...

Author: /time Magazine | Title: Why Global Warming Portends a Food Crisis | 1/13/2009 | See Source »

...confirmation hearings are expected to cover much of the territory Clinton will likely have to deal with early in her tenure. Senator Richard Lugar, the ranking Republican and a mentor of sorts to Obama, is particularly interested in containing Russia's bad behavior in the countries of the former Soviet Union. Democrats will ask Clinton about plans to withdraw from Iraq, close Guantánamo Bay and boost troop levels in Afghanistan. Junior Republicans, like Lisa Murkowski, will ask about regional issues, like the U.S.'s role in the Arctic...

Author: /time Magazine | Title: Clinton's Senate Hearing Is First Diplomatic Test | 1/13/2009 | See Source »

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