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...writing in English until he was in his early 30s, is an excellent guide to the European sensibility. And Best European is an exhilarating read. With stories from 35 nations and regions from Albania to Wales, it's like a Eurail pass that lets you tour a continent's worth of psychological landscapes. Trying to take in all of them in one sitting can induce the armchair equivalent of museum fatigue; this is a volume built for browsing. You can get halfway through a story, put it down, pick it back up again and ask, Where was I? Oh, right...

Author: /time Magazine | Title: From Europe with Love | 1/21/2010 | See Source »

...going to have to change. Do you agree with Volcker? Well, what I agree with Paul about, and I agree with him on a lot of things, is that sophisticated financial tricks and fancy hedge instruments, etc., aren't valuable just because they're making somebody $100 million worth of bonuses. And I think it is very important that we understand first principles when it comes to our financial sector. The role of the financial sector is to raise capital for businesses that actually make things and provide services to people. To help grow this economy. They should make...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...give you that. And what we're now doing, for example, on the fee on these big financial institutions is not designed to punish; it's just designed to meet what was in the legislation originally, which was: This was not going to cost taxpayers a dime's worth of money. Something, by the way, that nobody believed, but something that we may actually be able to deliver...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...intelligence failures in picking up [Nigerian terrorism suspect Umar Farouk] Abdulmutallab shows how much more has to be done. I think everybody understands that this is an area where we have to be relentless regardless of what else is on our plate. The other area which I think is worth noting is that the Middle East peace process has not moved forward. And I think it's fair to say that for all our efforts at early engagement, it is not where I want...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

...became provincial governor in 2003 and then quit the Radical Party so he could run as Fernandez's No. 2. Relations between the two quickly soured. Since assuming office, Fernandez has renationalized companies that were privatized in the 1990s including airlines and public utilities, and privatized pension-fund assets worth $30 billion. She also led the country to the brink of a civilian uprising over her brash attempt to levy a hefty tax on the country's lucrative soy exports in 2008. The move, announced just prior to the commencement of the yearly harvest, enraged farmers and caused a revolt...

Author: /time Magazine | Title: Argentina's War of Words at the Top | 1/20/2010 | See Source »

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