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...That may be true for now, but Europe has seen some of the same warning signs as the U.S., including an overvalued housing market. A worldwide slump would be a special concern in poorer countries, says Ngozi Okonjo-Iweala, a former finance minister of Nigeria who is now a managing director of the World Bank. Food prices there, she notes, are already being driven up in part by demand for biofuels, which is leading to the substitution of food crops by those that can produce fuel. If food stays expensive yet economies in Africa and elsewhere slow, there could...

Author: /time Magazine | Title: Can the World Stop the Slide? | 1/23/2008 | See Source »

...wins the White House, he will be 72 when he takes office, the oldest person ever to ascend to the presidency. He has suffered serious skin cancers over the years, not to mention brutal physical torture as a prisoner of war. His age and health, therefore, are of legitimate concern to voters. But McCain doesn't downplay his liabilities; he highlights them. "I'm older than dirt, with more scars than Frankenstein," he likes to joke...

Author: /time Magazine | Title: The Resurrection of John McCain | 1/23/2008 | See Source »

...Concern over disrupting E.U. talks may have beefed up last-minute support for Tadic in Sunday's vote (he had trailed substantially in most pre-election polls). However, Nikolic may have the upper hand in the runoff, particularly because he is expected to receive the support of the Socialist Party, whose candidate got 6% of the vote. Nikolic is a deputy of the Serbian Radical Party leader Vojislav Seselj, who is currently under trial for crimes against humanity for his wartime activity. Both Seselj and Nikolic were close associates of late President Slobodan Milosevic, who died during...

Author: /time Magazine | Title: Nationalism Rising in Serbia? | 1/21/2008 | See Source »

Among those that did caucus, fully half named the economy as their top concern. This abrupt change in the winds may well be good news for Clinton; her association with the days when her husband oversaw strong economic growth (and her husband was a heavy presence in Nevada), as well as her willingness to speak in more detailed policy terms than Obama, give her an advantage over her opponents among those concerned about the economy...

Author: /time Magazine | Title: Hillary Wins Nevada, Economy Helps | 1/19/2008 | See Source »

There has apparently already been some papal concern about the Jesuit's relatively liberal perspectives. In a letter last week to Kolvenbach, on the eve of the election of his successor and a month-long meeting of a congregation of Jesuit leaders, Benedict implored the order to hold firm in Catholic tradition on matters of morality and sexuality. "It could prove extremely useful that the general congregation reaffirm, in the spirit of St. Ignatius, its own total adhesion to Catholic doctrine, in particular on those neuralgic points which today are strongly attacked by secular culture," the Pope said...

Author: /time Magazine | Title: Will the New "Black Pope" Work? | 1/19/2008 | See Source »

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