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...Mugabe Represents Africa's Past," you write. If only that were the case. Look at the muted reaction to the situation in Zimbabwe by the big players in Africa and you will see the future of the continent. Cecil Taitz, London...

Author: /time Magazine | Title: Inbox | 7/17/2008 | See Source »

...African union, which espouses democracy and free and fair elections, should have condemned Mugabe and refused to recognize his government. Instead, with the dissent of a few countries, notably Botswana, the Union merely passed a feeble resolution suggesting a government of national unity, which Mugabe in any case would not accept. It is tragic that the A.U. ignored the opportunity to take drastic action. Instead, it has lost whatever credibility it had. Edward R.C. Preston, Auckland...

Author: /time Magazine | Title: Inbox | 7/17/2008 | See Source »

...this most clearly in the case of Fannie Mae and Freddie Mac, which buy mortgages from banks, thrifts and mortgage brokers and repackage them for sale to investors around the world. The two government-chartered companies have, together with the Federal Housing Administration, been the main factors in keeping mortgage-lending going in the U.S. since the market for private mortgage-backed securities collapsed last summer. They've been able to keep financing mortgages because of the widespread belief that if they faltered, the government would step in to make buyers of their mortgage securities whole. If Paulson...

Author: /time Magazine | Title: Crisis? What Crisis? | 7/17/2008 | See Source »

...never about the money. We just wanted water.' RICHARD KENNEDY JR., of Zanesville, Ohio, after a jury ruled that city officials denied a mostly black neighborhood access to public water for nearly 50 years; the case's 67 plaintiffs were awarded a total of $11 million...

Author: /time Magazine | Title: Verbatim | 7/17/2008 | See Source »

Such excesses by the authorities will almost certainly diminish once the Games are over. And in any case, it's increasingly obvious that as the capital's creative sectors bloom, so does the ability of those working in them to circumvent or ignore the rules. That has helped shape a second city hidden under the bland façade of broad boulevards and marbled ministries, argues Hu Xudong, a noted poet, columnist and professor of literature at Peking University. "Underneath the official Beijing we have another Beijing that's more like Latin America than China," he says. The city's other...

Author: /time Magazine | Title: Beijing's Revolution | 7/17/2008 | See Source »

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