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...think a souped-up version would be an interesting exercise to do on a routine basis," says John Irons, research and policy director at the liberal-leaning Economic Policy Institute think tank. "I could imagine in good times that this type of stress test could remind people not to get caught up in the irrational exuberance of bank booms." (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Is It Time to Plan Another Round of Stress Tests? | 5/18/2009 | See Source »

...Russia and the West, the anti-Western rhetoric is tempered with acknowledgment of the beginning of rapprochement with the Obama Administration. "Now there is a viewpoint in the Kremlin that the U.S. can be worked with," says Nikolai Petrov, an analyst at the Carnegie Moscow Center, an independent think tank. "Russia has come out and specifically formulated its foreign and defense policy. However, this paper is not setting out how policy will look; it is setting out the de facto situation." (See pictures behind the scenes with Obama in Europe...

Author: /time Magazine | Title: Ready for a Fight: Russia's New Security Policy | 5/16/2009 | See Source »

...shuttle Atlantis is once again in orbit - this time for a final servicing visit to the venerable Hubble Space Telescope - and once again the world is sweating out reports of damage to the spacecraft's thermal tiles caused by debris shed from the external fuel tank during liftoff on Monday. It was just that kind of mishap that doomed the shuttle Columbia and its seven-member crew back in 2003, allowing superheated gases to penetrate the ship during re-entry and causing it to disintegrate. That was the second shuttle to be lost in flight, after the explosion of Challenger...

Author: /time Magazine | Title: Space Shuttle: Same Old Damage, Same Old Worries | 5/13/2009 | See Source »

...While the government has allowed the protests to continue without interference, the memory of the government’s violent suppression of protests in 2007 remains a mark on Saakashvili’s record as a democratic leader. And early last week, a tank division mutinied against the government. Whether or not Russia was behind the plot—as Saakashvili has implied—it is a clear indicator that Georgia does not have full control over its military forces...

Author: By Ellen C. Bryson | Title: Exercising Power in Georgia | 5/13/2009 | See Source »

...power adversary" - a thinly veiled reference to how some defense officials there imagine China's military project. "The front line of the Cold War may have been in Western Europe," says Andrew Davies, an expert on Asian military modernization at the Australian Strategic Policy Institute, a Canberra-based think tank. "But a future one could well be drawn through the western Pacific...

Author: /time Magazine | Title: China's Navy Grows, and the World Watches Warily | 5/13/2009 | See Source »

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