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...Russians, the price of freedom has been a poverty unknown even amid the drudgery of communism at its wheezy end, for the wider world it has ushered in a mix of the promise (and perils) of a truly global capitalist economy and mounting geopolitical uncertainty. It seemed safe to assume, a decade ago, that the end of a conflict between two powers whose combined nuclear arsenals could destroy the planet 300 times over would leave the world a safer place. Instead, today's world is more dangerous than ever. The very power in those nuclear arsenals - once they confronted...

Author: /time Magazine | Title: Prospects and Perils of a Post-Soviet World | 8/16/2001 | See Source »

Cherry Jones, one of our best stage actresses, is surprisingly subdued as Shaw's Salvation Army idealist, and David Warner, in his U.S. stage debut, is too suave and nonthreatening as her arms-merchant father, the capitalist who alters her dreams. Still, even if the Roundabout Theatre's new production of Shaw's great comedy lacks some pizazz, it can't douse the fire of a dramatist out to bust open the sentimentality and conventional wisdom that infected both society and the stage. We could use a new Shaw today; until he (or she) comes along, the old one will...

Author: /time Magazine | Title: Theater: Major Barbara | 8/6/2001 | See Source »

...mutual self-interest that brought Washington and Beijing together back in 1972. The Nixon administration engaged with China not because it believed this would make China a more open society or economy, but because it would outflank their mutual enemy in Moscow. Later, as the crypto-capitalist Deng Xiaoping replaced Mao Zedong and began opening China's markets to the West, the relationship morphed from an alliance of convenience against a mutual foe into a partnership based on trade and investment...

Author: /time Magazine | Title: Bush China Policy Defaults to Engagement | 7/31/2001 | See Source »

...context. TV Land offers trivia nuggets and behind-the-scenes stories as well as "retromercials," the vintage commercials it airs every hour. A few days after Lemmon died, Game Show Network aired a marathon of his little-seen 1950s appearances on What's My Line? Amid the garish capitalist thunderdomes of today's prime-time game shows, seeing an urbane Lemmon and publisher Bennett Cerf trade quips in tuxes was a mini-lesson in changed American mores. "There was a real New York sophistication and wit in game shows then," says GSN president Rich Cronin. Likewise, watching the network...

Author: /time Magazine | Title: Television: Rerun Revival | 7/16/2001 | See Source »

...days-a-week wholesale price caps on the electricity markets of "the entire 11-state Western region." That little number was widely seen to give Bush some badly needed cover, as FERC was an independent agency doing the politically smart thing for apparently pure motives. Bush the pure-bred capitalist could look graceful simply by not squealing like...

Author: /time Magazine | Title: California Gets Ready For Another Run At Bush | 7/11/2001 | See Source »

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