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...play. The first is globalization - the liberalization of financial and commodity markets that has created huge new opportunities for the world's most adventurous entrepreneurs. The second is the fall of communism. When the communist regimes in Eastern Europe and the Soviet Union imploded, they left a power vacuum that was filled by a swath of failing states that stretched from the Balkans across Eastern Europe, the Caucasus and Central Asia as far as the Chinese border...

Author: /time Magazine | Title: The New Gangsterism | 5/7/2008 | See Source »

...Then I tell him to get to work. I've had a lot of women say to me, "I don't really care that much, but my husband insists that I vacuum every day." I'm like, buddy, pick up the vacuum. Obviously you don't want to live in a dirty house. There are certain minimal standards. But you don't need to wash the walls. You don't need to vacuum every...

Author: /time Magazine | Title: Why Do Women Need To Be Perfect? | 4/21/2008 | See Source »

...says the Mahdi Army ranks are swelling with new recruits drawn from internally displaced people who've gotten aid from the militia. "Displaced men have joined armed groups," said the report, which put the number of internally displaced people in Iraq at 2.7 million. "As a result of the vacuum created by the failure of both the Iraqi government and the international community to act in a timely and adequate manner, non-state actors play a major role in providing assistance to vulnerable Iraqis. Militias of all denominations are improving their local base of support by providing social services...

Author: /time Magazine | Title: Al-Sadr Tightens the Screws | 4/15/2008 | See Source »

...crisis and perhaps threatening more street agitation, they are likely to pressure Preval into appointing a candidate they think will work to their advantage. As in the past, the resulting compromises are likely to lead to the political divisions, disorder and ineffectiveness that plunged Haiti into chaos. The leadership vacuum may worsen if the Senators go after Preval himself, which some observers predict...

Author: /time Magazine | Title: Food Riots Lead to Haitian Meltdown | 4/14/2008 | See Source »

...general feeling in Washington seems to be that the Bear deal "threads the needle in the right way," as Democratic Senator Charles Schumer put it. But if Fed-arranged fire sales become a regular event, questions will inevitably arise about moral hazard and playing favorites. "They stepped into a vacuum, and I think quite appropriately," former Fed chairman Paul Volcker said on Charlie Rose. "But is this what you want for the long-standing regulatory support system? My answer...

Author: /time Magazine | Title: The Bear Trap | 3/20/2008 | See Source »

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