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...That's easier said than done when the stock market's evolution is so central to a global economy facing a slow-down - or possible recession. And as this week wound down, observers of both markets and wider economies seemed uncertain whether to applaud or cry. Following dismal sessions Wednesday and Thursday, activity on Asian indices Friday was mixed, with Toyko's Nikkei up 2.2% aside more modest gains in Singapore and China. Hong Kong's Hang Seng remained flat, however, while South Korea and Australia slightly slumped. Inspired by that trend - as well as Wall Street's rebound from...

Author: /time Magazine | Title: Global Markets: Is Volatile the New Normal? | 10/17/2008 | See Source »

...international airports, abundant marine life and plenty of cafés serving espresso and freshly baked croissants - Bali and Phuket offer vastly different real estate experiences. First off, Bali is much cheaper than Phuket. Because the Indonesian island is so much larger than its Thai counterpart, Bali offers a wider diversity in terms of topography: verdant rice paddies, soaring volcanoes and several distinctive urban centers. The Indonesian island cherishes its deep cultural roots, with traditions interwoven into daily life, not manufactured for some cheesy ethnic show at a beach resort. But because of these bountiful customs, Bali teems with taboos...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

...Evidence that the support the Bruni sisters added - aided by wider French public opinion sympathetic to Petrella's cause - had begun softening Sarkozy's position became clear as the summer advanced. Even as he wrote Italian authorities in July promising to deliver Petrella once her French administrative appeals had been exhausted, Sarkozy urged clemency in light of the prisoner's perilous health - a suggestion swiftly rebuffed by the Conservative government of Prime Minister Silvio Berlusconi in Rome. Less than a month later, a French appeals court ordered Petrella's release from custody at the request of French justice officials...

Author: /time Magazine | Title: Is Carla Bruni-Sarkozy Soft on Terror? | 10/16/2008 | See Source »

...from governments that further failures like that of Lehman Brothers would not be allowed to happen. "We've avoided the worst and will probably see things returning to close to normal," Mistral says. "Still, we've got two to three months of anxious waiting to see how bad the wider economic outlook will...

Author: /time Magazine | Title: Surge in Global Markets Reflects Growing Hope | 10/14/2008 | See Source »

...well as the Taliban leadership, and that is an almost inconceivable task. "The West tends to imagine a rather more coherent organization than the Taliban really is," says Joanna Nathan, Afghanistan analyst for the International Crisis Group. "They imagine there is a single element of control over a wider organization. This view that it is somehow going to be Mullah Omar sitting at one end of the table while President Karzai sits at the other as they sign a power-sharing agreement and we can all go home - that is a fantasy...

Author: /time Magazine | Title: Facing Reality in Afghanistan: Talking with the Taliban | 10/13/2008 | See Source »

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