Word: weeks
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...TIME's Pictures of the Week...
...Cartoons of the Week...
...TIME's Pictures of the Week...
Sheik Mo, as he's dubbed by the media, was tweeting in London last week when officials back home stunned financial markets by announcing a request for a six-month repayment standstill on part of the sheikdom's $80 billion debt. The immediate issue is Dubai's inability to come through on a $3.52 billion tranche due in mid-December. Yet, with some 400 property projects already reportedly frozen in Dubai, the news raised the specter of a gigantic default that would sink exposed creditors around the world. "Inspired by Islamic artifacts," read the sheik's post on Twitter during...
...rest of Italy, is as strong as it has ever been. It is now a key ally in Prime Minister Silvio Berlusconi's majority in Parliament after garnering 10% of support in the last national election on a campaign focused on deepening worries about crime and the economy. Last week, the league floated (but then withdrew) a measure in Italy's budget bill that would have capped unemployment benefits for foreign-born workers. (See a story about how the Northern League roils even its allies...