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...euro's 10th anniversary will see the euro zone take on a 16th member, Slovakia. Eight other central and East European countries have set the goal of joining within the next six years, including Poland, whose political establishment dropped its longtime opposition after a recent run on the Polish zloty. The euro has found some other unexpected converts too, thanks to the financial crisis. The Danes voted against joining the euro zone in 2000, but they are set to hold another referendum in March. Iceland - not even an E.U. member - is pondering "unilateral euroization" after seeing its krona plunge nearly...

Author: /time Magazine | Title: Is the Euro the New Dollar? | 1/1/2009 | See Source »

...doesn't help that the pound is wilting. Two years ago, one euro was worth just ?0.65. Now, humbled by bank crashes, government bailouts and a collapsing housing market that has forced massive interest rate cuts, Europe's currency is within a pence or two of parity with the pound. "The debate has changed from a total fantasy in the U.K.," says Jean Pisani-Ferry, director of Brussels-based think tank Bruegel. "The political obstacles still remain strong, but it has changed the perception of the U.K. as the perfect system...

Author: /time Magazine | Title: Is the Euro the New Dollar? | 1/1/2009 | See Source »

...Rutger Ploeg, professor of surgery at the University Medical Center of Groningen in the Netherlands, set up a trial involving patients from the international organ exchange group called Eurotransplant. Researchers procured a pair of kidneys from 336 deceased donors and, within 24 hours, placed one from each pair in cold storage, and attached the other to a LifePort Kidney Transporter perfusion machine. The kidneys were then transplanted into 672 recipients. Among the patients who received a cold-stored kidney, 89 developed a condition called delayed graft function in which the kidney fails to function immediately after transplant. Only...

Author: /time Magazine | Title: Building a Better Kidney Transplant | 12/31/2008 | See Source »

...Posse Comitatus law as part of the war on terror. Barely a month after the September 11 terror attacks, on Oct. 23, 2001, then Deputy Assistant Attorney General John C. Yoo co-wrote a memo regarding "Authority for the Use of Military Force to Combat Terrorist Activities Within the United States." Jay Bybee, then chief of the Office of Legal Counsel, acknowledged in a later memo that the act generally prohibits use of the military for law enforcement purposes unless there's a constitutional or statutory reason for doing so. However, he and others came to the conclusion that even...

Author: /time Magazine | Title: Should the Military Be Called in for Natural Disasters? | 12/31/2008 | See Source »

Obama lined up his putt then tapped the ball about a dozen feet before it stopped within a foot of the cup. The crowd applauded and Obama turned to them, put his hand above the bill of his baseball cap, and bowed...

Author: /time Magazine | Title: How Good is Barack Obama at Golf? | 12/31/2008 | See Source »

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