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...Nowhere is the urgency to deal with debt greater than in Europe, where it has become the most serious test of the 11-year-old euro-based monetary system. While euro-zone nations use the same currency, there is no mechanism in place to financially aid wayward members. That's how a crisis in Greece, which represents a mere 2.8% of the zone's GDP, can have such an outsized impact. The ultimate fear is that Greece will default, dragging down the euro with it. "A lot of the euro's problems today are rooted in those members having failed...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...calculations of terrorism, small numbers aren't the key; determination to do damage is. As Ranneberger concedes, no change in Somalia means "further deterioration." Increasingly bold ways of dealing with al-Shabab are being considered. The A.U. peacekeeping force is being expanded, with the hope of creating a "green zone" in Mogadishu. Hundreds of al-Shabab fighters have been pouring into Mogadishu recently in anticipation of a rumored TFG offensive. Ugandan President Yoweri Museveni has gone further, proposing invading Somalia, occupying the southern port of Kismayu and using it to take the fight to al-Shabab. Memories of the disastrous...

Author: /time Magazine | Title: The Rise of Extremism in Somalia | 3/1/2010 | See Source »

...their first week, the Vancouver Olympic Games looked well on their way to a gold medal in winter calamity--tragedy on the luge track, slush on the downhill course at Whistler and drenching rain on Cypress Mountain that eventually washed away the standing-room spectator zone, costing organizers around $1.4 million in refunded ticket sales. The signature snafu may be this: the Canadians couldn't make ice. A men's speed-skating final had to be halted for more than an hour because two ice-resurfacing machines were in various degrees of breakdown--sort of like the Games themselves. Still...

Author: /time Magazine | Title: The Moment | 3/1/2010 | See Source »

Both teams came onto the ice in the third period with offense on their mind, and Rogers drew first blood with a wrist shot after taking advantage of a turnover in the neutral zone. But Clarkson responded just 11 seconds later on Louke Oakley’s score into an open net following a bad bounce for Harvard behind its goal...

Author: By James Yu, CONTRIBUTING WRITER | Title: Harvard Can’t Hold On in Overtime Loss | 3/1/2010 | See Source »

...physicality prevented the Crimson from getting clean shots off close to the net and stumped Harvard for the first eight minutes of the game. Unable to move the puck past a wall of black and orange, freshman Josephine Pucci fired the puck to the top of the zone where Buesser waited unguarded...

Author: By Christina C. Mcclintock, CRIMSON STAFF WRITER | Title: Crimson Dominates Again in Physical Contest, Advances in Conference Tourney | 3/1/2010 | See Source »

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