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Just as Merckle was a symbol of Germany's industrious spirit, his death may come to symbolize the way Germany is dealing with the global financial crisis. For years, German media and politicians railed against U.S. and British private-equity companies as a plague of destructive "locusts" who inflicted harm on German society. As Merckle's stock-market gamble failed, he seemed to become a homegrown locust for commentators and politicians looking for a scapegoat for the financial situation...

Author: /time Magazine | Title: Financial Casualty: Why Adolf Merckle Killed Himself | 1/6/2009 | See Source »

...This structure that you have built is not only a part of this embassy but a symbol of the deep and great affinity between the American and Iraqi peoples," Talabani said during his speech. (See pictures of Iraq's revival...

Author: /time Magazine | Title: Opening Day for Enormous New US Embassy in Iraq | 1/5/2009 | See Source »

...Unless voters learn to identify rulers beyond a family crest or party symbol, the region's leadership crisis will only feed the historical assumption that Asians are somehow ill-equipped to handle democracy. John Stuart Mill, whose writings helped gird modern democratic principles, dismissed the Indians living under British rule as "barbarian," perhaps better suited to despotic rule. The colonial assumption was that Asians were somehow not civilized enough to handle democracy...

Author: /time Magazine | Title: Asia's Dithering Democracies | 1/1/2009 | See Source »

...Rafah, which was closed by Cairo at the request of Palestinian Authority President Mahmoud Abbas when his forces were driven out of Gaza by Hamas 18 months ago. Rafah, as the Palestinians' only entry point to the outside world not controlled by Israel, represents the closest thing to a symbol of Palestinian sovereignty, which is precisely why Hamas is so keen to control it - and why Abbas is so reluctant to allow that...

Author: /time Magazine | Title: Israel Versus Hamas: How to Shape a Cease-Fire | 12/31/2008 | See Source »

...critics say these results may not be directly linked to NAFTA, and that the pact has been a disappointment on other fronts. The bloc has been seen by some as a symbol of insidious globalization, cordially invited into the U.S. only to eat away at the domestic job market. In 1992, before the treaty was ratified, independent U.S. Presidential candidate Ross Perot famously warned voters to prepare for the "giant sucking sound" of jobs moving across the border to Mexico, where NAFTA would enable companies to take advantage of cheap labor. Mexico's average hourly manufacturing wage is still only...

Author: /time Magazine | Title: NAFTA | 12/30/2008 | See Source »

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