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...then, on July 28, Barack Obama held an economic summit with his covey of advisers - people like Bob Rubin, Larry Summers, Warren Buffett, Bob Reich; experts who seemed a sedimentary layer more recent than McCain's crowd but still more a part of the past than of the future. They had cleaned up the Reagan-era mess. They had actually balanced the budget and created a surplus. They had - contra voodoo - raised taxes and yet produced an economic boom. There was a fair amount of argument behind closed doors, I'm told, between the two groups that sparred...

Author: /time Magazine | Title: The Recession Election | 7/31/2008 | See Source »

...still no ready answer to that question. In the days that immediately followed, Brussels wore the dejected and incredulous air of the billionaire rejected by the chorus girl. In public, there was hurt talk of "respect" for the vote. In private, there were twinges of panic. At a summit in Brussels the following week, Europe's leaders agreed to give the Irish four months to find a way forward; the Union will return to the Lisbon treaty in October. French President Nicolas Sarkozy, whose country holds the rotating E.U. presidency, has set a deadline of the end of the year...

Author: /time Magazine | Title: EU: Vision Limited | 7/30/2008 | See Source »

Panasonic Toughbook CF-30 What's the point in climbing Everest if you can't blog from the summit? An ordinary laptop would freeze up in the extreme cold, but the Panasonic Toughbook CF-30 ($3,200) can operate in temperatures ranging from -4°F to 140°F (-20°C to 60°C). Bashed around by scientists to ensure that it meets U.S. military standards, it's also guaranteed to work after a fall from up to 3 ft. (0.9 m). www.panasonic.com...

Author: /time Magazine | Title: Tough Gadgets | 7/23/2008 | See Source »

RECORD SET. By RAMON BLANCO SUAREZ, 60, Venezuelan guitar maker, in becoming the oldest person to climb to the 29,028-ft. summit of Mount Everest; in Nepal...

Author: /time Magazine | Title: RAMON BLANCO SUAREZ | 7/21/2008 | See Source »

...remaining bonds of the arms-control process, which has been in stalemate. Yet it has also given the Soviets an incentive to return to the bargaining table and offer serious proposals in the hope of tightening the bonds of arms control around SDI itself. If there is a summit in November or December, Reagan the Star Warrior might be able to extract from Mikhail Gorbachev an agreement-in-principle for a trade-off between existing Soviet offensive forces and the American SDI while it is still only a gleam in the President's eye. Since there are reasons to question...

Author: /time Magazine | Title: GRAND COMPROMISE | 7/21/2008 | See Source »

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