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...systems: chaotic, undergoverned India and orderly, overgoverned China," says Mohan Guruswamy, an Indian and a co-author of Chasing the Dragon, a new book about the two countries' economic rivalry. That competition continues, with the U.S. trying to keep close ties to both sides in a difficult balancing act that may turn out to be the most important geopolitical challenge facing Washington this century...

Author: /time Magazine | Title: China Vs. India: Will Rivalry Lead to War? | 11/2/2009 | See Source »

...lexicon of clichés to describe characters accused of a despicable act, "He was once on a reality show" is the new "Neighbors say he was quiet and kept to himself...

Author: /time Magazine | Title: Balloon Boy's Lesson: The New American Dream | 11/2/2009 | See Source »

...flag, she could slap that baby on a ribbon in an eagle's talons and call it a day. Whether it's conceiving octuplets and shopping a TV deal or screaming "You lie!" at the President and reaping millions of dollars in campaign contributions, the equation is the same: Act out = get paid. (See the top 10 shocking hoaxes...

Author: /time Magazine | Title: Balloon Boy's Lesson: The New American Dream | 11/2/2009 | See Source »

...billion American Recovery and Reinvestment Act that Congress approved last February was the first major legislative accomplishment of the Obama White House. Lately, it has also become one of Washington's most frequently tossed political footballs...

Author: /time Magazine | Title: The Stimulus Spending Bill: Is It Working at All? | 11/2/2009 | See Source »

...public) a letter to the President in which they claimed that with the unemployment rate at 9.8%, "it is now evident that the massive 'stimulus' spending bill enacted months ago has been unsuccessful." Obama economic adviser Larry Summers stepped up to play defense. "Thanks largely to the Recovery Act ...," he wrote, "we have walked a substantial distance back from the economic abyss and are on the path toward economic recovery." (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: The Stimulus Spending Bill: Is It Working at All? | 11/2/2009 | See Source »

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