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...Government officials say the stimulus money will be earmarked for investment in long-term infrastructure projects that will help revive the construction industry, for aid to companies to reduce layoffs and for education. Data on German industrial orders indicate there will be no respite soon. Figures out Thursday showed orders fell a huge 6% in November from the month before, and orders in the final quarter of 2008 were down 43.6% from the same quarter a year ago. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Merkel Moves to Heat Up German Economy | 1/8/2009 | See Source »

...Naftogaz and Gazprom officials are set to hold talks in Moscow on Thursday, but a solution is far from guaranteed. Russian leader Vladimir Putin has a history of exploiting his nation's vast energy supplies as a political weapon. The dive in energy prices over the past six months has hurt Russia, but it has not killed Moscow's desire to be a regional player. "With both energy markets tanking and Russia's economy hit extremely hard by the global recession, Putin probably feels he has much to gain by trying to jack up gas prices and [get] badly needed...

Author: /time Magazine | Title: Russia's Gazprom Diplomacy: Turning Off Europe's Heat | 1/7/2009 | See Source »

...last Thursday, Israeli Foreign Minister Tzipi Livni unabashedly asserted, “There is no humanitarian crisis in the Strip, and therefore there is no need for a humanitarian truce.” That Livni arrived at this conclusion—despite reports from the United Nations, the Red Cross, Amnesty International, Oxfam International and Human Rights Watch—reflects the irreverence with which the Israeli government regards Palestinian lives. Indeed, there is no other explanation. How else could a week of aerial bombing of such a densely populated city and intentionally starving its citizens be justified...

Author: By Nadia O. Gaber | Title: Far from Self-Defense | 1/6/2009 | See Source »

...There is no humanitarian crisis, and therefore there is no need for a humanitarian truce," Israeli Foreign Minister Tzipi Livni said Thursday after an Elysée meeting with Sarkozy, who had reiterated his appeal that fighting stop immediately. "We affected most of the infrastructure of terrorism in Gaza Strip, and the question of whether it's enough or not will be according to our assessment on a daily basis." (See pictures of Israel's deadly assault on Gaza...

Author: /time Magazine | Title: Can Sarkozy's Syria Ties Deliver a Mideast Truce? | 1/2/2009 | See Source »

...revealing the figures on Thursday, French Interior Minister Michèle Alliot-Marie acknowledged that the tally of car-burnings had indeed increased over the previous year. Yet Alliot-Marie also said the enormous fleet of now carbonized vehicles shouldn't darken a New Year's Eve that was "unanimously considered mostly calm." Alliot-Marie also stressed that - in contrast to recent years - the first night of 2009 saw "no damage to public or private buildings." Perhaps, but that was probably little comfort to the people who were forced to walk or make long commutes on public transport after finding...

Author: /time Magazine | Title: France's New Year's Tradition: Car-Burning | 1/2/2009 | See Source »

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