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...only I could feed him a potion and make him young again.' MONICA XANGATHI, Johannesburg resident, reminiscing about former leader Nelson Mandela as poverty and political strife continue to worsen in South Africa...

Author: /time Magazine | Title: Verbatim | 10/9/2008 | See Source »

...other NGOs. Even though stupidity has been rife in implementation, the wealthiest donor nations have defaulted on pledges and must now increase aid by $18 billion a year to meet the original goal. Assistance has been anemic when it was supposed to be titanic. Bad situations will likely worsen with the financial implosion, especially in Latin America and Eastern Europe, where countries depend heavily upon foreign capital. Turbulence will mean compression of capital flows, labor immobility, and restricted access for the exports of developing nations. Droughts, commodity market speculation, and spiked food, oil, and biofuel prices also bring sorrow. While...

Author: By Raúl A. Carrillo | Title: Out of the Shadows | 10/9/2008 | See Source »

...presumably include the use of force. Now the warships guarding the Faina must calculate whether such a raid, which would put the lives of the 20 hostages aboard the ship at risk, is worth a potential catastrophe. "If they attack us, we will defend ourselves and the situation will worsen. We will fight until only a drop of blood is left in our bodies," Sugule Ali, the pirate spokesman, tells TIME from the deck of the Faina. "We believe that humans die once. They have weapons, and we also have weapons...

Author: /time Magazine | Title: The Somali Pirates: Tanks, but No Tanks | 10/9/2008 | See Source »

...Monday cut the amount of cash that banks must deposit with the central bank in an attempt to loosen credit. "Credit markets are quite global," says Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong. "It is inescapable, if the credit crisis continues to worsen, that Asia must be affected...

Author: /time Magazine | Title: US Financial Quake Rocks Asia | 10/7/2008 | See Source »

...prognosis seemed to worsen for Europe's banks, governments rushed to calm the public by promising new guarantees for their savings. On Sunday, Germany said it would back up all private savings deposits and many other savings schemes - a move that could cover some $785 billion but for which details are still sketchy...

Author: /time Magazine | Title: Europe Scrambles as the Credit Crisis Goes Global | 10/6/2008 | See Source »

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