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Author Kurt Andersen's new book, Reset: How This Crisis Can Restore Our Values and Renew America, examines the economic, political and cultural opportunities to be found in the wake of the financial crises. In this excerpt, the fifth of five pieces to appear on TIME.com, he urges America to keep its edge, even as the recession fades...

Author: /time Magazine | Title: The Reset Economy: What Can We Learn From the End of Excess? | 8/8/2009 | See Source »

...these times are not just accursed, not simply an awful episode to be endured - they really are interesting times, because of the new and possibly improved America that might be created out of the wreckage. Last fall, the unthinkable became thinkable and then, in a matter of a few weeks, actual. A signature phrase of the decade, shock and awe, suddenly had an additional meaning...

Author: /time Magazine | Title: The Reset Economy: What Can We Learn From the End of Excess? | 8/8/2009 | See Source »

...Click here to purchase a copy of Reset: How This Crisis Can Restore Our Values and Renew America...

Author: /time Magazine | Title: The Reset Economy: What Can We Learn From the End of Excess? | 8/8/2009 | See Source »

...ethnic political divisions having become an apparently intractable feature of post-Saddam political life that no amount of U.S. cajoling appears likely to resolve, this may be as good as it gets in Iraq. And if so, why should American soldiers hang around until 2011 in a war costing America in the region of $12 billion a month and whose U.S. casualty count is nearing 4,500 dead and 30,000 wounded? (See TIME's 10 Questions for nuclear watchdog Mohamed ElBaradei...

Author: /time Magazine | Title: The Case for Leaving Iraq — Now | 8/8/2009 | See Source »

...vague and rambling indictment, the three were charged with espionage and "acting against the national security," and for inciting "riots." It went on to blame a litany of Western intelligence agencies, media organizations and software companies - including Israel's Mossad spy agency, Facebook, Twitter, the Voice of America, BBC Persia and even Google's new Persian-to-English translation software - for their roles in the supposedly vast conspiracy. (See pictures of protests against the Iranian regime around the world...

Author: /time Magazine | Title: Tehran's Trials: Blaming the West, Google and Twitter | 8/8/2009 | See Source »

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