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Kaufman, who has taught politics at Duke and holds an MBA from Wharton, traces the roots of the collapse to what he calls the "great regulatory meltdown" of the past two decades, a move that was largely endorsed by Summers when he served as Treasury Secretary under President Clinton. But...

Author: /time Magazine | Title: The Replacement Senator Causing Democrats Fits | 4/8/2010 | See Source »

Seeing China Clearly It would be comforting to think, as some of Obama's advisers do, that the tensions between China and the U.S. in recent months - the falling-out at the Copenhagen climate-change summit, angry words over Tibet, disagreement about the right way to handle Iran, the woes...

Author: /time Magazine | Title: Hu's Visit: Finding a Way Forward on U.S.-China Relations | 4/8/2010 | See Source »

Meanwhile, Iraq's political parties are trying to cobble together a coalition government out of the results of the March 7 elections, which produced no clear-cut winner. (Sectarian divisions still define the political scene. A Sunni-supported bloc just barely accumulated the most seats - though nothing close to a...

Author: /time Magazine | Title: U.S. Officials Downplay Rash of Baghdad Attacks | 4/8/2010 | See Source »

Calming fireworks. It was the sort of request that tells a great deal about the charm and dangers of life in China. This is a country that runs on contradictions, whether it is the market socialism that now produces record economic growth or the plans for giant green cities, an...

Author: /time Magazine | Title: Hu's Visit: Finding a Way Forward on U.S.-China Relations | 4/8/2010 | See Source »

What Obama will face as he sits with Hu is a choice between old ways of looking at the world and a new way of thinking about power. Nowhere will this emerging dynamic be clearer than in the links between the U.S. and China, the other great power of the...

Author: /time Magazine | Title: Hu's Visit: Finding a Way Forward on U.S.-China Relations | 4/8/2010 | See Source »

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