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...unlike in the early 1990s, and the price of oil has dropped from its peak earlier this summer as demand slows from the cooling global economy. That's good news for consumers everywhere. But the signs of economic woe still add up to a minefield that European governments, central banks and other policymakers will have to navigate carefully. Here are some of the mines that lie in wait for them...

Author: /time Magazine | Title: The Economy's Perilous Waters | 10/15/2008 | See Source »

...well. restrict pregnant women’s choices to one: the choice of having a baby. Although FFL wants to pander to both sides of the debate, its absolutist pro-fetus stance makes the choice for women, rather than allowing them to choose for themselves. Failing to recognize the central tenet of feminism—that women are the sovereigns over their own bodies and lives—makes the use of the word “feminist” as pro-women as the “pro-life feminist” movement gets...

Author: By Courtney A. Fiske | Title: “Women Deserve Better” | 10/14/2008 | See Source »

...make matters worse for Garcia, a major operation against remaining rebel strongholds in the central jungle went south during the week, with important losses and allegations of human rights abuses. A roadside bomb detonated Oct. 9 by remnants of the Maoist Shining Path (Sendero Luminoso) rebels killed 13 soldiers and two civilians, including a young boy, in the remote Huancavelica state. A soldier was killed the previous day and two others on Oct. 14. It was the deadliest attack since 10 people were killed in a bombing in Lima, the capital, in March 2002, on the eve of a visit...

Author: /time Magazine | Title: Think Bush Has It Bad? Look at Peru's President | 10/14/2008 | See Source »

...that kind of state involvement is a central part of the European bailout plans, which involve governments recapitalizing banks in trouble in exchange for a slice of equity. In plain English, that's called partial renationalization. How much equity depends on the size of the bailout, and for the moment, other than in Britain, precise details about which banks will receive how much and in exchange for what remain to be negotiated. Along with the fresh capital, governments are proposing a series of other measures designed to restore confidence in the banking system by guaranteeing deposits, jump-starting interbank lending...

Author: /time Magazine | Title: Will Europe's Bank Bailout Plan Really Work? | 10/13/2008 | See Source »

Will the European plans work? There is one hopeful precedent, in Sweden, which in the early 1990s solved its own banking crisis by guaranteeing deposits, injecting huge amounts of liquidity into the banking system via the central bank, and forcing banks to write down the value of their assets very quickly. In describing why that bailout worked, Urban Baeckstroem, the former Swedish central bank president who played a central role in the rescue, has identified some other vital measures. The first is that the Swedish government quickly moved to clean up government finances at the same time as it bailed...

Author: /time Magazine | Title: Will Europe's Bank Bailout Plan Really Work? | 10/13/2008 | See Source »

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