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...Indonesia, instead, is waning optimism for Obama's efforts to re-engage with the global Islamic community, something he has managed to do with some success in Afghanistan and Pakistan. Last year, a local Muslim organization called Muhammadiyah urged its 29 million members to study Obama's Cairo speech when he called for a new beginning with followers of Islam. But since that historic address, Muhammadiyah's chairman Din Syamsuddin has felt his hopes deflate. "Obama indicated in his speech that there would be mutual understanding and mutual respect between America and the Muslim world," he says. "But one year...

Author: /time Magazine | Title: Why Obama is Disappointing Asia — Even in Indonesia | 3/29/2010 | See Source »

...turbulence shaking it is felt by everyone. There's little agreement among politicians or economists about quite how much of a basket case Britain has become. "Although the economy is now growing, recovery is still in its early stages and remains very fragile," Brown said in a March 10 speech in the City. Labour says the recovery is due to the government's lead in global efforts to stabilize the banking system and its $30 billion of fiscal stimulus and argues that stimulus spending must continue. Conservatives, however, propose swifter action to reduce Britain's borrowing. That view has been...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

Europe's commitment to human rights, the empowerment of women, combating child labor, civil rights, freedom of speech, and the protection of natural resources is not just a Western hobbyhorse. These are universal values derived from the ancient wisdom of Hindus, Buddhists, Muslims, Jews and Christians, and are based on the lessons from our own painful history. No sustainable economic order can disregard these basic values, and the citizens of Asia and Europe will demand them ever more clearly and ever more urgently...

Author: /time Magazine | Title: Europe Speaks Back | 3/29/2010 | See Source »

...Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that, Darling added, was an issue on which "more countries agree...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

...until lawmakers can pass a more permanent solution. Coburn's objection is the same as Bunning's: that Democrats are not paying for the $10 billion bill. "I think it's unfortunate that potentially we may go home and not deal with it," Coburn said Thursday afternoon in a speech on the Senate floor. "I don't care how we pay for it as long as it's legitimate, as long as we don't add to our kids' debt. And so I'm open and willing to negotiate on any area of waste in the federal government that...

Author: /time Magazine | Title: Senate Republicans Want Another Benefits Filibuster? | 3/26/2010 | See Source »

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