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...emergence of China will shape the world much as that of the U.S. did in the late 19th century. What remains to be seen is whether the rise of China will complement the U.S. or undermine it; whether the future will bring a new, cooperative and mutually beneficial economic order rather than a predictable replay of one great power giving way to the next. That future - burgeoning with possibilities and fraught with challenges - is ours to write...

Author: /time Magazine | Title: Can an Eagle Hug a Panda? | 11/30/2009 | See Source »

...early as the 19th century, shoppers have viewed Thanksgiving as the traditional start to the holiday shopping season, an occasion marked by celebrations and sales. Department stores in particular locked onto this marketing notion, hosting parades to launch the start of the first wave of Christmas advertisements, chief among them, the Macy's Thanksgiving Day Parade, running in New York City since 1924. The holiday spree became so important to retailers that during the Great Depression, they appealed to President Franklin D. Roosevelt in 1939 to move Thanksgiving up in order to stretch out the holiday shopping season. Roosevelt obliged...

Author: /time Magazine | Title: Black Friday | 11/27/2009 | See Source »

...Harvard became the first college in the United States to remove compulsory morning prayers and chapel under President Charles W. Eliot. And throughout the 19th century, Harvard consistently produced the fewest ministers compared to peer institutions, Page says...

Author: By Jessie J. Jiang and Naveen N. Srivatsa, CRIMSON STAFF WRITERS | Title: Christianity Sees Shifting Place | 11/25/2009 | See Source »

...woman up to 160 acres of public land if they pledged to cultivate it for five years - tapped into the frontier spirit, providing work opportunities for even the most down-and-out Americans. As more and more members of the workforce began laboring in factories in the 19th century, however, society grew more polarized and new technology let businesses squeeze more productivity out of fewer people. By the 1920s, periodic unemployment was common; by 1933, the depths of the Great Depression, it had hit 25%. (See 10 perfect jobs for the recession - and after...

Author: /time Magazine | Title: Unemployment | 11/24/2009 | See Source »

...Obamas will host their first state dinner, in honor of India's Prime Minister, Manmohan Singh. The elaborate formalities that U.S. Presidents have reserved for visiting heads of state have been retained since the 19th century, and the first dinner hosted by Michelle and Barack Obama is a highly anticipated event: some 400 guests are expected to attend. So who's getting all this attention? A beturbaned 77-year-old former economist, who in May was sworn in for his second term as leader of the world's second most populous country and its largest democracy. Singh's visit comes...

Author: /time Magazine | Title: Manmohan Singh, India's Prime Minister | 11/24/2009 | See Source »

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