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...under which it would provide Turkey loans of as much as $10 billion, if needed, expired in May and hasn't been renewed. In a speech to the IMF this month, Economics Minister Mehmet Simsek gave no hint about when - or if - a new deal will be struck, although he vowed that "fiscal discipline remains the cornerstone of our economic program." In the meantime, relations between Erdogan and the business community, never overtly cordial at the best of times, have turned nasty. This month, after the head of the leading business lobby, the Turkish Industrialists' and Businessmen's Association...

Author: /time Magazine | Title: Turkey's Wild Ride | 10/22/2008 | See Source »

...Perhaps most of all, the financial crisis shakes up a lot of Harvard students because it reminds them they are not invincible. Relatively few Harvard families have been affected by the widespread home foreclosures that have struck the country in the past year. Harvard graduates tend to be among the last people to be affected by a domestic crisis, but the Wall Street shakeup puts them at a center of the storm...

Author: By Lucy M. Caldwell | Title: Contemplating the Crash | 10/22/2008 | See Source »

...Humphrey and Mondale--but insiders disagree. Carleton College's Schier says Minnesota "is actually a quirky populist state. It gave 24% of its vote during the 1992 presidential election to Ross Perot." Ventura's fiscal conservatism--no tax increases, the return of all future state budget surpluses to taxpayers--struck a responsive chord. So did his moderate-to-libertarian views on keeping government from meddling unduly in private lives...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

...Then two things happened to upset the equilibrium. First, and no doubt most importantly, panic struck Wall Street with a force that was felt all the way to Hennepin Avenue and beyond. In Minnesota as elsewhere, John McCain flailed, Barack Obama soared, and down-ballot Democrats found that their already rosy prospects were rosier than ever. Written off by some over the summer, Franken was suddenly competitive again...

Author: /time Magazine | Title: Races to Watch '08: Franken May Get Last Laugh in Minnesota | 10/22/2008 | See Source »

Pakistani officials see Bajaur as a turning point. On President Pervez Musharraf's watch, they say, military offensives were repeatedly cut short to allow deals to be struck with the militants, and the deals invariably failed. This time, says advisor Malik, the militants asked for a ceasefire "which we have declined." The army will fight on, he promises, "until the operation is done to its full conclusion...

Author: /time Magazine | Title: The US vs. Pakistan: With Friends Like These | 10/22/2008 | See Source »

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