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...Czech Republic Prime Minister Mirek Topolanek described the Obama stimulus programs as the "way to hell." The comments were made worse by the fact that the Czechs currently hold the position of the presidency of the E.U. Topolanek's opinions were at the very least a semi-official statement from the European alliance, even if other member nations denounce it. (Read a TIME story on the Czech Republic...

Author: /time Magazine | Title: Why Europe's Criticism of the Stimulus Got Out of Hand | 3/26/2009 | See Source »

...International institutions and Western governments have said they will assist Harare if the new government meets certain demands. "IMF staff stand ready to continue to assist the authorities through policy advice," the fund said in a statement on Wednesday, after its team finished a two-week visit to the poverty-stricken country. But "technical and financial assistance from the IMF will depend on establishing a track record of sound policy implementation, donor support and a resolution of overdue financial obligations to official creditors, including the IMF." Zimbabwe owes the IMF and other institutions more than $1 billion...

Author: /time Magazine | Title: Has Zimbabwe's Runaway Inflation Been Tamed? | 3/26/2009 | See Source »

...treat the House and Senate like a 2-year-old having a temper tantrum. Utter a few reassuring words: "Today's vote rightly reflects the outrage that so many feel over the lavish bonuses AIG provided its employees at the expense of taxpayers," Obama said in a statement Thursday after the House passed a bill to tax back 90% of the bonuses - a bill he later effectively came out against. It may also be necessary to make sure they don't hurt themselves, as Obama did by slowing any momentum on the Senate bonus bill when he expressed doubts about...

Author: /time Magazine | Title: Five Lessons from the AIG Bonus Blowup | 3/25/2009 | See Source »

...Foreign Minister Miguel Angel Moratinos was not included in the decision, and Spanish Ambassador to the U.S. Jorge Dezcallar first learned of the withdrawal when a State Department official called him for an explanation. Asked about the timing, a spokesman for the Spanish Ministry of Foreign Affairs corrected the statement about Moratinos, noting that the minister was up to date on the resolution, but said he could not confirm or deny the Dezcallar report...

Author: /time Magazine | Title: Spain's Withdrawal from Kosovo Angers Allies | 3/24/2009 | See Source »

...government would provide security for its matches during a general election. "One can't be blamed for thinking of this as a sign of hubris," agrees New Delhi-based Vaarunya Bhalla, who works in advertising. "It's almost as though they were trying to make some sort of statement by pushing the government endlessly." Indeed, many have welcomed the development as a sign that the enormously wealthy BCCI has been cut down to size. "In cricket, the BCCI has become an all-powerful bully," says New Delhi-based cricket commentator Pradeep Magazine. "It tramples on anyone who challenges its might...

Author: /time Magazine | Title: Citing Security, India Moves Cricket Matches | 3/23/2009 | See Source »

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