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...held last Wednesday, but was postponed after the Senate held an all-night debate over a timeline to withdraw troops from Iraq. Bleary-eyed, the Senate Finance Committee still managed to pass their legislation 17-4 with most Republicans voting in defiance of President George W. Bush's veto threat against the measure. It "is good policy," Senator Charles Grassley of Iowa, the panel's top Republican, said in endorsing the package...

Author: /time Magazine | Title: Big Tobacco's Newest Headache | 7/23/2007 | See Source »

Voters in Turkey delivered incumbent Prime Minister Recep Tayyip Erdogan a resounding victory in elections Sunday, crushing the secularist opposition that sought to topple Erdogan - whose Islamist roots, they fear, pose a threat to the country's secular order...

Author: /time Magazine | Title: Ruling Party Wins Big in Turkey | 7/22/2007 | See Source »

Your report on London's recent terrorism scare asked, "Can we spot the threat?" [July 16]. Of course we can! The threat is modern Islam - the newly born, power-hungry, fundamentalist metamorphosis of a traditionally moderate religion waging a holy war against the supposedly corrupt and decaying West. Many Muslims firmly believe that the virtually limitless funds streaming from the Middle Eastern oil wells and the tolerance in Western countries of militant Islamist propaganda are all by decree from Allah. Given the refusal of the politically correct Western leadership and media to recognize the true identity of this threat...

Author: /time Magazine | Title: Seeing the Trees and the Forest | 7/20/2007 | See Source »

...distracted," Obama said, pacing across a makeshift stage in the school's gym before a giant flag. "We took out translators, didn't put in development money that was needed... And we didn't have a coordinated strategy to deal with Pakistan. If Pakistan falls, they are an enormous threat because they already have nuclear weapons...

Author: /time Magazine | Title: Obama Says Iraq Has 'Distracted' Us | 7/20/2007 | See Source »

...rate of saving at its lowest level since the 1960s, rising interest rates will hit pocketbooks hard. The CBI, a business lobby group, expects consumer spending to grow 2.8% this year. Next year, it says, that figure could slip to 2.1%. Economic growth won't escape unharmed, either. The threat of rising rates triggering a downturn is "greater today than it has been in the 10 years Labour have been in power," says Adrian Cooper, managing director of consultants Oxford Economics. So while economists are penciling in growth of 2.7% this year, expansion in 2008 could tumble to 2% says...

Author: /time Magazine | Title: Is Britain's Economy Slowing Down? | 7/19/2007 | See Source »

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