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Until last year, partly as a result of the dollar-investing disasters described earlier and partly because most foreign investors preferred safe but low-yielding bonds, Americans earned more on their investments abroad than foreigners made here. This meant you could argue that our nation's decades-long spending binge had actually left it richer in relation to the rest of the world, not poorer. In 2006, though, the U.S.'s long-running investment-income surplus gave way to a deficit of $7.3 billion...

Author: /time Magazine | Title: Buy American! | 5/24/2007 | See Source »

...most, some Iraqis may be tempted to speculate what might have been if Zarqawi had followed bin Laden's instructions and mounted more attacks abroad. Would it have distracted him from his murderous mission in Iraq, giving this country a breather...

Author: /time Magazine | Title: Bush's Intelligence on Al-Qaeda in Iraq | 5/23/2007 | See Source »

...With the end of the Early Action program next fall, the admissions office will be expanding its recruiting efforts in the months of November and December both in the United States and abroad, Fitzsimmons said. He added that recruiting for next year’s class has already begun—this being the second week of a three week, 60-city tour by admissions officials...

Author: By Aditi Balakrishna, CRIMSON STAFF WRITER | Title: Yield Remains High for Class of 2011 | 5/18/2007 | See Source »

...become uncomfortable.” Above all, Freeze was good-natured; in her editor’s note, Sebastian sounded kind, and in her picture she looked proud. Her magazine folded temporarily when the money ran out, and then last semester she decided to go to Paris for study abroad. Now, more than a year later, she and her friends are back with issue two on a grant from the Ann Radcliffe Trust and things are looking a little different. Sebastian says the goal was to grow up—to make the articles more serious than last time, more...

Author: By Leon Neyfakh, CRIMSON STAFF WRITER | Title: What's My Age Again? | 5/17/2007 | See Source »

...lined up under heavy rain to get into the Moscow's Cathedral of Christ the Savior. There, they witnessed the restoration of the "Canonical Communion and Reunification" of the Moscow-based Russian Orthodox Church (ROC), which claims more than 70 million adherents, and the U.S.-based Russian Orthodox Church Abroad (ROCOR), which is believed to be 1.5 million strong. Many among the clergy and laity wept at the end of the 86 year-old schism brought about by the 1917 Bolshevik revolution, and the ensuing murder of the dethroned Tsar and the forced emigration of hundred thousands Russians defeated...

Author: /time Magazine | Title: Putin's Reunited Russian Church | 5/17/2007 | See Source »

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