• Flawed Titan of the Fed

    A new documentary on the financial crisis paints Alan Greenspan as an embodiment of what went wrong with America.
  • Davos: Robert Zoellick on the World's Challenges

    Over the past year, emerging markets such as China, India, and Brazil have continued to drive economic growth, while the developed world, namely the United States and parts of Europe, have remained mired in debt and unemployment. In the lead-up to the World Economic Forum in Davos, NEWSWEEK's R. M. Schneiderman interviewed World Bank president Robert B. Zoellick about the future of the global economy.
  • In-Store Banks Offer Savings for the Poor

    Today, hundreds of millions among the world’s poor have access to microloans—small sums of money borrowed from financial firms, sometimes at sky-high interest rates. What they haven’t been able to acquire is something far more basic: a savings account. Few banks in developing countries have found ways to profit in poor, rural areas, leaving people with a dearth of safe options for accumulating cash. According to one recent survey, nearly 90 percent of adults in emerging markets store money at home, with friends, or with a local co-op.
  • The Shadow War

    Someone is killing Iran’s nuclear scientists. But a computer worm may be the scarier threat.
  • Wangari Maathai on Women's Role in Conservation

    More than three decades ago, Wangari Maathai came up with the idea of using economic incentives to encourage rural women and farmers to plant trees on their land to protect the environment and promote sustainable development
  • Europe's Economic Jet Lag

    Despite its reputation for sluggishness, the European economy created 2 million more jobs than its American counterpart in the 13 years leading up to the Great Recession. Nevertheless, according to a recent report by the McKinsey Global Institute, per capita GDP—a key measure of living standards—is $35,000 in Europe, roughly $11,000 lower than it is in the United States.
  • Why Iran's Leaders Must Tolerate Youth Culture

    Last week Iranian police arrested several underground hip-hop artists for allegedly making music videos and consuming alcohol. Coming just months after authorities banned certain Western hair styles, and after Ayatollah Ali Khamenei declared that teaching music was incompatible with Iranian values, it seems the regime is cracking down on youth culture. Indeed, Tehran is also targeting student activists, reportedly arresting hundreds in recent sweeps.
  • The Stars of the Recession

    Unlike the last recession, which was characterized by the dotcom bust, technology is booming this time around, in part because U.S. multinationals flush with cash are spending so much money on new software and services to make their businesses more efficient.
  • The Never-Ending War on Drugs

    Over the past five years, U.S.-led efforts to eradicate crops, seize shipments, and squeeze drug-trafficking organizations in strongholds such as Colombia and Mexico have pushed the problem into new frontiers, such as Central America, and potentially back into old ones, like the Caribbean.
  • Netanyahu Plays To His Base

    When Benjamin Netanyahu began his second stint as Israel’s prime minister last spring, he appeared well positioned to negotiate a peace settlement with the Palestinian Authority. Just as U.S. President Richard Nixon’s hard line against communism allowed him to negotiate a détente with China, so too Netanyahu’s hawkish reputation seemed to give him cover to bargain for peace on the West Bank.
  • DARPA and Green Cars

    More than 50 years ago, the United States created the Defense Advanced Research Projects Agency (DARPA) to foster innovation in space technologies, national defense, and information technologies. One result: the creation of the Internet. In 2007 Congress created the Advanced Research Projects Agency-Energy (ARPA-E) in an effort to mimic DARPA’s success and ensure that America remains a world leader in science and technology. NEWSWEEK’s R. M. Schneiderman spoke with the director of ARPA-E, Arun Majumdar, to learn more about the future of the agency and how its projects will help spur innovation in green cars.
  • After the Earthquake, Haitian Art Heals

    Close to nine months after the earthquake that killed more than 200,000 in Haiti, the city of Port-au-Prince is still in ruins. Yet the country’s artists are using their limited resources to channel the nation’s suffering, hope, and anxiety into new paintings, crafts, and sculptures.
  • Cuba Extends Olive Branch to U.S. on Embargo

    For close to two decades, the Cuban government has issued a scathing annual report against the American trade embargo. But this year, as the island continues to face dire economic straits, the report—released last week—offered an unexpected and conciliatory twist. The document acknowledged that the Obama administration cannot end the embargo on its own and offered steps that Washington could take to unilaterally lessen its scope. Among them: permitting more religious, academic, and cultural groups to travel to Cuba.
  • In Egypt, Muslim Brotherhood Is Biding Its Time

    Five years ago, the Muslim Brotherhood—Egypt’s most powerful opposition group—won 20 percent of the seats in Parliament, an impressive feat for an organization that is technically banned from politics. While far from free, the elections were Egypt’s most democratic in decades. Since then, President Hosni Mubarak has dismantled judicial oversight of elections, and analysts expect widespread vote rigging in November’s parliamentary elections. Despite opposition calls to boycott the votes, the Brotherhood is likely to participate, and to lose most of its 88 seats.
  • Morocco Surges Ahead in Solar-Power Race

    For decades, Morocco, the only North African nation without large quantities of oil, combed the surrounding desert in search of fossil fuels. But roughly a year and a half ago, the country shifted gears and turned to a resource that exists in abundance across the region: the sun.