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...police and intelligence personnel - not to speak of the nonmonetary costs of civil liberties curtailed. On the other hand, globalization just gallops along. "We told you so," hard-core practitioners of the dismal science might crow. "Economics beats politics any time." The mighty dynamics of expansion seem to bear them out. So does the history of the first globalization, from 1850-1914. There were lots of small wars then: the Crimean one, the wars of German unification, a spate of long-forgotten battles over the Balkans, skirmishes from one end of Africa to another and throughout Southeast Asia. Yet international...

Author: /time Magazine | Title: Those Gloating Dismal Scientists | 1/18/2007 | See Source »

...year, according to the International Monetary Fund, which foresees more good years to come, at least until 2010. Globalization is acting precisely as predicted - as an engine of growth that accelerates investment by leveling borders and speeds up consumption by driving down prices. These competitive pressures also bear down on costs, and so money remains cheap while (core) inflation is safely confined. If U.S. growth has slowed a bit, Japan and Euroland are no longer a drag on the global economy. More significant is the uptick in confidence. Last year, those morose Europeans called off their consumption strike...

Author: /time Magazine | Title: Those Gloating Dismal Scientists | 1/18/2007 | See Source »

...guide, the legislators will have little stomach for withholding resources from troops already in the field. Once again the President will have the upper hand. Despite the founders' best intentions, the world's oldest democracy still has a chronically deficient mechanism for bringing democratic practices meaningfully to bear on the waging...

Author: /time Magazine | Title: Founders' Fuzziness | 1/18/2007 | See Source »

...force,” but “it’s damn unladylike to have an opinion to have an ego, it’s antithetical to get things done,” she said. “I’m a bit of a dancing bear...

Author: By Lulu Zhou, CRIMSON STAFF WRITER | Title: GSD Prof Alleges Discrimination in Department | 1/17/2007 | See Source »

After meeting with Secretary of State Condoleezza Rice, Palestinian President Mahmoud Abbas made no effort to hide his grim expression from his staff. From the Palestinian perspective, the talks hadn't gone well. Abbas had complained to Rice that an earlier chat and a bear hug with Israeli Prime Minister Ehud Olmert, at the Secretary of State's behest, had only landed him in trouble with his fellow Palestinians. According to a presidential aide, he told Rice that "Olmert embarrassed me by not implementing a single Israeli promise...

Author: /time Magazine | Title: Rice Visit Leaves Palestinians Gloomy | 1/14/2007 | See Source »

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