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...Those who support NAMA say Ireland has little option but to take the plunge. The International Monetary Fund has predicted that Irish banks could lose up to $53 billion next year if they fail to get rid of their toxic assets. For Pat McCloughan, a Dublin-based economist, the looming bankruptcy threat outweighs all other concerns. "Unfortunately, developers going out of business and home repossessions are an inevitable part of [the downturn]. But a much bigger problem would be if one of the big banks was to fail. That would have massive repercussions for a small country like Ireland...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...disillusionment evolve into a more serious threat against the Indian state? In their jeans and Nikes, the resentful young men of Srinagar identify most closely with youths on the streets of Gaza and the West Bank, not those in jihadist training camps. But they also insist that religious heads support what they do, and that if they die in a protest, they will be considered martyrs. A military intelligence official in New Delhi who has served in Kashmir worries, "Many young Kashmiris have taken arms and embraced radical Islam because there is no hope of a good life...

Author: /time Magazine | Title: India's War at Home | 10/26/2009 | See Source »

Even though such power plants have very little political backing, they have been popping up from New England to the Pacific Northwest. The new technology does have support - for now. Fuels for Schools is a six-state program funded by federal and state money that helps to retrofit school boilers, switching them from burning oil and gas to wood. Starting in Vermont, it spread westward, giving budget-strapped local districts huge savings and a way to cut into buildups of forest deadfall that might otherwise fuel wildfires. However, it is now almost out of federal money. Even after the program...

Author: /time Magazine | Title: How Wood Chips Can Keep You Warm — and Green | 10/24/2009 | See Source »

...dive spot off Honduras' northern coast, the de facto tourism board is promoting special two-for-one vacation deals. Many Hondurans have taken the bait, flocking to the white sands of Roatán and filling hotel rooms that were once occupied by U.S. and European travelers. Hondurans who support the de facto regime, such as tour operator Vilma Sauceda of Rema Tours, says the fact that Hondurans are "traveling like crazy" is a sign of support for the Micheletti government. She blames the drop in foreign tourism on a "media conspiracy" and "disinformation campaign" by Zelaya supports...

Author: /time Magazine | Title: Honduran Tourism: Selling Against a Coup | 10/24/2009 | See Source »

Germany's new coalition government put the finishing touches to its policy program this weekend, promising moderate tax cuts to help support the economy, a reduction in the length of compulsory military service, and the continued operation of the nation's aging nuclear power plants. No big surprises there. But one detail could have interesting international repercussions: the man designated to be foreign minister, Guido Westerwelle, is pushing for the U.S. to remove its remaining nuclear weapons from German soil...

Author: /time Magazine | Title: Germany to U.S.: Take Away Your Nukes! | 10/24/2009 | See Source »

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