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  • economy-greece-OV60-hsmall

    A Return to Economist Friedrich Hayek's Ideas

    Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynes’s solution for the Great Depression—heavy government spending to resuscitate the economy—was also the answer to today’s global downturn. The first cracks in the consensus appeared with the outbreak of the fiscal crisis in Greece earlier this year. Across the developed world, critics began to argue that government spending had reached the point of diminishing returns, and was producing an anemic recovery that mainly benefited special-interest groups. And the electorate listened. From Europe to the United States, as voters started to reward candidates focused on fiscal discipline and less government intervention, Keynesianism quickly fell out of favor.
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    Spooking the Terrorists—and Ourselves

    The arrest of a young Somali-American allegedly plotting to blow up children and families in Oregon may tell us as much about the FBI as it does about Al Qaeda.
  • north-korea-OV40-hsmall

    North Korea's New Hard Line

    The deadly attack on the South signals an extended period of aggression, due to a leadership shift in Pyongyang.
  • women-green-leaders-ov01-artlede

    How to Balance Economy and Environment?

    World leaders—including several female heads of state—now face a delicate balancing act: how to promote economic growth while still protecting the earth’s finite resources.
  • Gayle Tzemach Lemmon on Female-Focused Loans

    Gayle Tzemach Lemmon, deputy director of the Women and Foreign Policy Program at the Council on Foreign Relations, has spent more than five years writing and reporting on female entrepreneurs in Afghanistan.
  • muslim-brotherhood-egypt-wide

    Expectations Low as Egypt Heads Into Elections

    Voters say Muslim Brotherhood M.P.s have not delivered promised services, but opposition leaders argue that the government would not let them run for the local councils that really get the job done.
  • Violence Rocks Rio as Brazilian Police Pacify Favelas

    Keeping the peace in Rio de Janeiro has never been a job description for the faint-hearted. But the mayhem that swept the streets of South America’s fairest city this week has been extreme even by outsize Brazilian standards.
  • north-korea-attack-hsmall

    North Korea Strike May Have Been Premeditated

    Regardless of where the first shot came from, Pyongyang seems to have been setting the stage for this kind of attack as early as last year. For the past two years, the North Koreans have increasingly claimed that they were threatened by American and South Korean war games.
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    Parliamentary Panel Considered Impeaching Ahmadinejad

    A letter written by a parliamentary committee in Iran indicates that the Majlis, or Parliament, had considered "the questioning and impeachment" of President Mahmoud Ahmadinejad, but refrained because of "orders" given by Supreme Leader Ayatollah Ali Khamenei for cooperation between the government and the Majlis.
  • north-korea-propaganda-art-TEASE

    Pyongyang Strike Throws Korean Peninsula Into Crisis

    The Korean Peninsula is in crisis mode as North Korea shelled a South Korean island—injuring civilians for the first time in recent history—and South Korea responded by threatening to strike the North's missile bases.
  • Silvan Shalom-ov50-artlede

    Taking Issue With Netanyahu

    In exchange for advanced fighter planes and other American goodies, Israeli Prime Minister Benjamin Netanyahu is ready to freeze settlement construction for the next 90 days to allow for more peace talks with the Palestinians, focusing on borders between Israel and a Palestinian state. But hardliners in his government warn that an attempt to draw lines on a map without simultaneously resolving other outstanding issues, like the status of Jerusalem and the fate of Palestinian refugees, could destabilize Israel’s governing coalition. One of the critics, Vice Prime Minister Silvan Shalom, spoke with NEWSWEEK Jerusalem bureau chief Dan Ephron. Excerpts:
  • ireland-bailout-OVSC10-hsmall

    Why Ireland Resisted The Bailout

    Why was cash-strapped Ireland so shy about taking aid from the European Union last week? As talk swelled of a bailout, the Irish government insisted that it had no immediate need for aid.
  • travel-ovgl01-hsmall

    Staying in Luxury on Sri Lanka's Plantations

    The road from Colombo to Kandy was a traffic jam of cars, tuk-tuks (three-wheeled taxis), and buses—along with the occasional cow—so we didn’t arrive at Mackwoods’s Labookellie Tea Estate until after dark, missing the scenic hills and waterfalls of Sri Lanka’s central highlands. The next morning, when we opened the doors out to the patio, my friend Oleg and I were greeted not only by the stunning, terraced hills, but also by the strong, rich fragrance of tea coming from the thousands of surrounding bushes. We spent the morning strolling the grounds of the plantation and taking a tour of the tea factory. (The company makes its own brand of tea and sells wholesale to companies like Lipton). Then I had an in-room massage. Not a bad way to start a holiday.
  • sc40-armsdealer-Bout-hsmall

    How the DEA Tracked Viktor Bout

    When celebrated Russian arms dealer Viktor Bout landed last Tuesday night at Stewart International Airport in upstate New York—before being whisked to Manhattan to appear the next day in front of a district-court judge—it marked the end of a saga known to the Drug Enforcement Administration as Operation Relentless. The man who ran it tells NEWSWEEK the affair began with a challenge from the White House.
  • Egypt's Muslim Brotherhood in Disarray

    Egypt’s nonviolent Islamists are in disarray. That’s not entirely their fault: in advance of parliamentary elections slated for Nov. 28, President Hosni Mubarak’s government has detained nearly 600 Muslim Brotherhood members and threatened many others.
  • economy-g20-TA01-wide

    The G20's Global Blame Game

    Even as the United States is busy pouring money into its own system, China has ponied up almost a billion dollars to prop up its stock market since the financial crisis. As we saw last week, we’re just beginning to see the repercussions, at home and abroad.
  • cambodia-children-sex-trade-hsmall

    Cambodia No Longer a Haven for Pedophiles

    Following pressure from local activists as well as the U.S. and other countries, the Asian nation has launched a campaign to fight its reputation as a carefree playground for men seeking to abuse children. The efforts have curtailed the activities of Western men, though locals remain mostly unhindered.
  • italy-women-tease

    Bunga-Bunga Nation: Berlusconi's Italy Hurts Women

    It’s 8:30 p.m., and all eyes turn to Italy’s most popular satirical news program, "Striscia la Notizia" ("Strip the News"). Two middle-aged men stand under a strobe light, one of them holding a belt from which dangles a vaguely phallic string of garlic.
  • Turkey Reaches Out to Both West and Iran

    In a visit to London last week, Turkish President Abdullah Gül declared his country to be a bright spot amid Europe’s gloom: “It wouldn’t be surprising if we start talking about BRIC plus T [for Turkey].” The boast was more symptomatic of Turkey’s geopolitical ambitions than its real economic heft—in cash terms, its GDP is only half of Russia’s, the poorest BRIC nation. Still, it’s clear Turkey wants to box above its weight internationally: Gül reaffirmed Turkey’s determination to join the EU, and promised support for a NATO missile-defense system aimed at securing the continent against attack from Tehran.