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...safe havens. Other countries had to respond. A few European governments have been far more thoughtful than the U.S. in figuring out what needs to be done. Even before the crisis turned global, French President Nicolas Sarkozy, in his address to the U.N. last month, called for a world summit to lay the foundations for more state regulation to replace the current laissez-faire approach. We may be at a new "Bretton Woods moment." As the world emerged from the Great Depression and World War II, it realized there was need for a new global economic order. It lasted more...

Author: /time Magazine | Title: Nobel Laureate: How to Get Out of the Financial Crisis | 10/17/2008 | See Source »

...Brussels summit did not formally decide anything on the climate change package: the 2020 target still remains a 20% cut in carbon emissions, a 20% boost in renewable energy, and a 20% rise in energy efficiency. But the mood has turned, and officials have backed away from pushing for details on how to achieve the cuts. E.U. governments and the European Parliament still have to agree them by December and turn them into law before next June's European elections...

Author: /time Magazine | Title: Is Europe Backsliding on Climate-Change Targets? | 10/16/2008 | See Source »

...Honduras, Selma Estrada, minister of the National Institute of Women, resigned her government post in protest over the official invitation of Ortega to Tegucigalpa. And in El Salvador, feminist leaders are asking their government to declare Ortega persona non grata before he's scheduled to attend a presidential summit there at the end of the month...

Author: /time Magazine | Title: President Ortega vs. the Feminists | 10/16/2008 | See Source »

...said she'd made a decision to "find a solution" and asked for others to respect her privacy - the president's problem with the women of Latin America continues to grow. Last week in Honduras, Ortega had to sneak in through the back door of a Central American presidential summit to avoid feminists who were waiting for him out front holding pictures of his stepdaughter...

Author: /time Magazine | Title: President Ortega vs. the Feminists | 10/16/2008 | See Source »

...While that may be laudable in humanitarian terms, Bruni's defense of a convicted Red Brigade terrorist struck some as the summit of hypocrisy and indecency. As a child in the 1970s, Bruni fled Italy with her wealthy industrialist Bruni-Tedeschi family to take haven in France in fear they might be selected as targets by leftist terrorists during Italy's "years of lead." Roberto Della Rocca, who survived seven shots fired at him in 1980 by the Genovese faction of the Red Brigades, would not comment on the First Lady's role, saying that it is Sarkozy who must...

Author: /time Magazine | Title: Is Carla Bruni-Sarkozy Soft on Terror? | 10/16/2008 | See Source »

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