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Europe's second error is to ignore its No. 1 strategic opportunity: Asia. A strong Asia-Europe partnership will yield positive dividends to both. A rising Asia welcomes European technology and culture and provides huge new markets for sophisticated European products. If Europe could think and act strategically, it would be busy knocking on Asian doors. Instead, it was the Asians who thought ahead. In the mid-1990s, Singapore proposed an Asia-Europe meeting (ASEM). Initially the E.U. reacted enthusiastically but then came the great Asian financial crisis of 1997. This provided Europe an opportunity to prove...

Author: /time Magazine | Title: Europe's Errors | 3/8/2010 | See Source »

...Those high-yield days may be over. As the drought intensifies, in some places seawater has crept nearly 40 miles (60 km) inland, says Dam Hoa Binh, deputy director of the Irrigation Department at the Ministry of Agriculture and Rural Development in Hanoi. Most of the winter-spring crop has already been harvested, but saltwater is reaching where it has never gone before, putting the summer-fall crop in jeopardy, says Binh. "We are trying to strengthen our irrigation systems to prevent further salinization," he adds, but the extreme conditions are making it "one of the most difficult situations...

Author: /time Magazine | Title: Vietnam Feels the Heat of a 100-Year Drought | 3/4/2010 | See Source »

Mondesir wasn’t so lucky. He’s been charged with the crimes of driving under the influence, failure to drive in marked lanes, reckless operation, and failure to yield or stop...

Author: By Julie M. Zauzmer, CRIMSON STAFF WRITER | Title: Van Hits Train. Van Loses. | 2/22/2010 | See Source »

...mortgages helped crater financial markets, even laissez-faire ideologues like Alan Greenspan called for stronger regulations to curb abuses and stabilize the system. And given the well-documented outrages pervading the industry these days - exorbitant overdraft fees, late fees, nuisance fees and balloon payments buried in opaque legalese, slimy yield spread premiums that banks give brokers who push high-risk mortgages - it's awkward to argue against...

Author: /time Magazine | Title: The Case for a Consumer Financial Protection Agency | 2/17/2010 | See Source »

...news cycle. While candidate Obama admirably rejected the artifice and showmanship of politics, even the White House now regularly joins the fray, with press secretary Robert Gibbs often using the briefing-room rostrum to score points. Engaging in such antics might produce a short-term high, and might even yield some short-term victories, but it is no way to make friends or achieve anything meaningful for the country...

Author: /time Magazine | Title: Can Obama Rebuild Bipartisan Trust? | 2/16/2010 | See Source »

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