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...Cold War allies may still want to counterbalance American influence, Moscow and Beijing are linked by 21st century economic concerns. "We cannot be as close as we were in the 1950s," says Han. The communist neighbors grew apart starting in 1956, and even after the fall of the Soviet Union, trade between Russia and China remained slow. In recent years it has expanded rapidly, from $10.7 billion in 2001 to $56.9 billion in 2008. "Half of that is energy," says Zweig. "Energy is a very important component of the bilateral trade relationship. In many ways, it is a pillar." These...

Author: /time Magazine | Title: Russia and China: An Old Alliance Hinges on Energy | 10/15/2009 | See Source »

...grudging admission by the Euroskeptic Czech President Vaclav Klaus in a newspaper interview published on Oct. 18 that he will ratify the Lisbon Treaty, a document designed to re-engineer the European Union's institutions to better match the realities of its expanded membership, has set off a race for the E.U.'s top job. The treaty creates two powerful new positions: President of the European Council and High Representative of the Union for Foreign Affairs and Security Policy, effectively the E.U.'s Foreign Minister. Blair is seen as front runner for the presidency. (See pictures of the George...

Author: /time Magazine | Title: Opposition Grows to Tony Blair's Bid for E.U. President | 10/15/2009 | See Source »

...Calderón moved in during a leadership crisis in the union, his government claiming that the election of firebrand labor boss Martin Esparza had been fraudulent. But the focus of the decree closing down the utility company makes little mention of the union, focusing instead on the losses incurred by the company. Between 2003 and 2008, Light and Power had spent about $32 billion - mainly on salaries and pensions - and only collected half that amount in revenues. The nation could not afford such inefficiency amid an economic crisis, Calderón said...

Author: /time Magazine | Title: Is Calderón Busting Unions or Bringing Change? | 10/14/2009 | See Source »

...Mexico City's power grid will be run by the Federal Electricity Commission, which generates energy through most of the country. The commission's union is considered to be a loyal backer of the government. Calderón says that a new state company may be formed but that privatization is not an option at this moment...

Author: /time Magazine | Title: Is Calderón Busting Unions or Bringing Change? | 10/14/2009 | See Source »

...wrote a radical blog and participated in online forums urging Muslims to join the jihad against the West. The network was broken up last December when Belgian police rounded up 14 suspected members ahead of what authorities feared was a planned suicide bombing of a Brussels meeting of European Union leaders. Then, in May, two French extremists from the group were arrested entering Italy with five Palestinian and Syrian aliens whom French authorities said were to be used as suicide bombers in European strikes. (Read "Europe Pieces Together Terrorism Puzzle...

Author: /time Magazine | Title: How a French Physicist Became a Terrorism Suspect | 10/14/2009 | See Source »

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