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...Beitenu's controversial leader, Avigdor Lieberman, has emerged as a key power broker. Speaking to his party supporters at midnight as votes were being tallied, Lieberman indicated that his natural inclination is to side with Netanyahu. "We want a right-wing government," he said flatly. Lieberman also took a swing at the outgoing Kadima-led government for entering into Egyptian-brokered cease-fire talks with Gaza's Islamic militants, Hamas. "We will not have direct or indirect negotiations with Hamas nor a cease-fire," he said, adding that he would join any government that had as its objective "the defeat...

Author: /time Magazine | Title: Israel's Election Dashes Hopes for Peace | 2/11/2009 | See Source »

...exit polls may have put centrist Foreign Minister Tzipi Livni ahead of the hawkish former Prime Minister Benjamin Netanyahu by a narrow margin (29 seats to 28), but Netanyahu may have good reason to count himself the victor. That's because Tuesday's vote confirmed a sharp swing to the right by Israel's electorate, with exit polls giving a combined right-wing bloc led by Netanyahu gaining 64 of the 120 seats in the Knesset, compared with only 56 for center-left bloc led by Livni. Late last year, Livni failed to form a majority coalition when she took...

Author: /time Magazine | Title: Israel: Can a Party Finish First and Not Win? | 2/10/2009 | See Source »

Today, Russia's finances look a lot less robust. The government budget was based on oil at $70 per bbl., far above the current price, and it will consequently swing into deficit next year for the first time since 2001. The stock market has dropped more than 70% in the past year, as the nation's business élite have dumped stocks to repay the huge loans they had taken out to finance acquisitions in Russia and abroad. Capital is fleeing--investors have pulled about $245 billion out of Russia since August--and the ruble is under pressure...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...that Obama's staff asked him to give up the practice, which was legal, because he was the Democrats' Senate point man on ethics reform. "It was the right thing to do, but I won't lie," he admitted. "The first time I was scheduled for a four-city swing ... flying commercial, I felt some pangs of regret." The traffic was awful. His plane to Memphis was late. But then he found himself in an intense conversation about stem-cell research with a man suffering from Parkinson's. "These are the stories you miss, I thought to myself, when...

Author: /time Magazine | Title: The Lessons of Daschle: Can Obama Reboot? | 2/4/2009 | See Source »

...Governor O'Malley can't budge any of those swing voters, there are still parliamentary moves at his disposal that could allow him to bring the bill to the full chamber without a committee vote. One of them would be to persuade lawmakers on the committee who oppose the bill to release it anyway without a recommendation of any kind from their body. Some anti-repeal committee members are already said to be warming to that idea...

Author: /time Magazine | Title: The Tide Shifts Against the Death Penalty | 2/3/2009 | See Source »

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