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...actor, who died in January at 28 of an accidental prescription-drug overdose, is magnificent. Echoing the sly psychopathy and scary singsong voice of Anthony Hopkins in The Silence of the Lambs (Hannibal Ledger!), Ledger carries in him the deranged threat of a punk star like Sid Vicious, whom he supposedly took as one of the models for his character. The Joker observes no rules, pursues no grand scheme; he's the terrorist as improv artist. Evil is his tenor sax, Armageddon his melody. Why, he might blow up a hospital or turn ordinary people into mass murderers to save...

Author: /time Magazine | Title: Batman Is Back — TIME Reviews The Dark Knight | 7/9/2008 | See Source »

...critics, including French President Nicolas Sarkozy, say it makes no sense for the ECB to raise interest rates to fight frothy commodity-market prices, and Trichet himself signaled that the bank isn't planning any more rate hikes in the near future. But surging inflation poses a huge threat to Europe's chances of beating the downturn, especially when combined with weak growth. Inflation is perhaps the trickiest economic indicator to forecast: for example, over the past year, the ECB's staff has based each of its inflation projections on an assumption that oil prices will stabilize - and each time...

Author: /time Magazine | Title: Europe's Economy: Falling Down | 7/9/2008 | See Source »

...Iranians are locked in a diplomatic game of "Who's crazier?" With six months left in office, no political capital at home or abroad, and a uniformed military ready to rebel at the first talk of a new war, the Bush Administration is left with simply the threat of military strikes, kept eternally "on the table" in hopes of bluffing Tehran into a compromise on its nuclear program...

Author: /time Magazine | Title: More Theater Over Iran's Nukes | 7/9/2008 | See Source »

...Russia made a provocative response to an expansion of the U.S. missile shield in Europe, and Iran followed with a provocation of its own. After the U.S. and Czech Republic signed an agreement calling for the basing of a U.S. radar south of Prague, Moscow responded with a threat of unspecified "military" action if the system is ever deployed. Then, less than 24 hours later, apparently responding to increasing chatter from the U.S. and Israel about attacking Tehran's nuclear production sites, Iran test-fired a barrage of missiles at the mouth of the Persian Gulf, a vital waterway through...

Author: /time Magazine | Title: Saber-Rattling from Iran and Russia | 7/9/2008 | See Source »

...reach European capitals, although marrying it to a nuclear warhead remains a daunting technical challenge, U.S. officials say. Moscow has steadfastly declined to cooperate, saying the shield actually is a ploy to blunt Russia's own missile force. "This system is not designed to counter a Russian threat - this system is designed to counter what is an emerging threat from the Middle East," Whitman says. "We have been very transparent with respect to our intent and purpose - we have offered the Russians a very attractive, robust collaboration opportunity and we have also offered what is unprecedented transparency...

Author: /time Magazine | Title: Moscow Threatens Over Shield | 7/8/2008 | See Source »

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