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...trade looms even larger as a source of tension between the two sides. Last year, China's economy expanded at a robust 8.7% despite the global downturn. As the U.S. and other nations struggle to resume growth and reduce high unemployment, they are eyeing China's performance with both envy and agitation. In April, the U.S. Treasury Department will be required by law to declare whether China manipulates its currency - an announcement that could fuel calls in Congress for retaliatory measures against the nation...

Author: /time Magazine | Title: China Takes Aim at the U.S. on Currency Conflict | 3/15/2010 | See Source »

Turkey's government charged seven high-ranking military officers on Feb. 24 for their alleged roles in a 2003 coup plot. These arrests came two days after as many as 50 former and current military officials were detained as suspected conspirators. Those not charged remained in custody for further questioning. Prime Minister Recep Tayyip Erdogan denied that the arrests were motivated by tension between the Islamist-leaning administration and the secular military. Two trials from previous rounds of arrests related to the purported coup are still in progress...

Author: /time Magazine | Title: The World | 3/8/2010 | See Source »

...minutes, but Local Natives refuse to rest on their laurels. Instead, the song swings into a taut rock groove with punchy electric guitars and a gurgling bass. The drums cut in and out, adding tension and release at the perfect moments and then letting the track build slowly upon itself with each soaring harmony before the ultimate release of blazing guitar and fist pumping high notes. The joyful climax of its chorus, worthy of Arcade Fire, is a phenomenal emotional release...

Author: By Benjamin Naddaff-Hafrey, CRIMSON STAFF WRITER | Title: Local Natives | 2/23/2010 | See Source »

...could worsen that downturn. Option No. 2 seems the best of the lot but has high international political hurdles to surmount. No. 3 would be a disaster for Greece and for the global financial system. As for No. 4, given that there are no procedures for leaving the euro, it might risk unraveling the entire project. In the euro's prelaunch period, a few skeptics predicted that the mismatch between a single European currency and differing national economic conditions would eventually lead to tension and an ugly breakup. The euro, heretofore one of the great political and economic successes...

Author: /time Magazine | Title: Echoes of Greece's Debt Crisis | 2/22/2010 | See Source »

...Malaysia has the potential to be an enlightening model of harmony amid diversity. Instead, it behaves as if steeped in orthodoxy. One manifestation is that Anwar can be charged with homosexuality precisely because it is still a criminal offense in Malaysia. Another is the abiding tension between Muslims and Christians sparked by the High Court allowing non-Muslims to use the name Allah for God - something accepted even in the Arab world. Malaysians of all races rightly feel strongly about their own beliefs, but their collective faith in tolerance is proving fragile...

Author: /time Magazine | Title: The Moment | 2/15/2010 | See Source »

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