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...observers predict that growth in 2005 will continue to be relatively robust. The developed world, to paraphrase British Prime Minister Harold Macmillan's 1957 proclamation to his countrymen, has rarely had it so good. Why, then, are so many economists so nervous? When TIME's annual Board of Economists round table met during the World Economic Forum in Davos, Switzerland, late last month, the discussion focused less on what is going right in the global economy than on what's wrong--and how serious...
...group played well all weekend, making it to the final round where a five-man squad from No. 1 Trinity beat Harvard 4-1. In that match Blumberg gained the only victory for the Crimson, gutting out a 3-2 victory over Trinity’s Ivan Baddon...
...implausible" that the Syrian government was unaware of the officers' activities. In January, former U.S. Deputy Secretary of State Richard Armitage traveled to Damascus and gave Assad a list of 34 former Iraqi Baath officials allegedly supporting the insurgency from Syria that the U.S. wanted the regime to round up. A senior U.S. official tells TIME that the U.S. has pressed Syria to arrest Sulayman Khalid Darwish, a Syrian who Washington charges is not only the chief banker to Abu Mousab al-Zarqawi, the terrorist mastermind in Iraq, but also one of his top logistical agents and recruiters. The official...
...last week that the draft of a communiqué by U.S. Secretary of State Condoleezza Rice and Defense Secretary Donald Rumsfeld, together with their Japanese counterparts, mildly identified "peaceful resolution of issues concerning the Taiwan Strait" as a "common strategic objective" of the U.S. and Japan, the news rolled round Asia like a thunderclap coming out of a clear blue...
...That question was in the air last week during a furious round of diplomacy set off by the North's Feb. 10 declaration that it has joined the exclusive club of nuclear nations. In Washington, U.S. Secretary of State Condoleezza Rice telephoned her counterpart in Beijing, Li Zhaoxing, then hosted foreign ministers from South Korea and Japan. The U.S.'s new point man on the now stalled six-party talks aimed at persuading Kim to abandon nuclear arms?ambassador to Seoul Christopher Hill?flew to Beijing, where he met with a group of senior Chinese officials, including Wang Jiarui, China...