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...there will be more wrangling down the line. "A constitution is only a foundation," says Carlos Alarcon, a constitutional lawyer and Vice Minister of Justice under former President Carlos Mesa. There is likely to be debate about any new legislation based on the language of the new charter. "Bolivia is going to have to strengthen its institutions - both state and judicial - if this new constitution and the new laws are going be implemented...

Author: /time Magazine | Title: Bolivia's Revolutionary New Charter | 1/27/2009 | See Source »

...recent weeks Bao has repeatedly questioned the authoritarian nature of China's central government. He helped draft Charter 08, a lengthy pro-democracy manifesto that was made public Dec. 10 and was initially signed by 303 mainland writers, scholars and artists - a number that has since grown to several thousand. Then he released a series of essays through Radio Free Asia that questioned the accomplishments of the Party. In those essays, Bao argued that the Communist Party's motivations for reforming the economy in the early 1980s after the devastation of the Cultural Revolution were not entirely pure. "Even though...

Author: /time Magazine | Title: Chinese Dissident Bao Tong Speaks Out | 1/27/2009 | See Source »

...Charter 08 - which is based on Charter 77, a human-rights manifesto signed by dissidents in Czechoslovakia in 1977 - calls for several political reforms in China including direct elections, a separation of political powers, free speech, legalization of political parties and the creation of an independent judiciary. Critically, it doesn't call for the Communist Party to step down, but envisions a system that advances beyond one-party rule, says Nicholas Bequelin, a Hong Kong?based researcher for the NGO Human Rights Watch. "It does not say, 'We should set up a party to topple the Party.' They...

Author: /time Magazine | Title: Chinese Dissident Bao Tong Speaks Out | 1/27/2009 | See Source »

City Bank of New York was founded in 1812 by a group of merchants hoping to fill the void left by the demise of the first Bank of the United States, the sort-of central bank whose charter Congress had allowed to expire the year before. City nearly went under in the Panic of 1837 but was bailed out by the country's richest man, fur magnate John Jacob Astor. Astor's associate Moses Taylor built City into a bulwark of sound finance--big capital reserves, stingy lending standards--that bankrolled the Union during the Civil War and easily withstood...

Author: /time Magazine | Title: Citibank: Teetering Since 1812 | 1/21/2009 | See Source »

...common defense, we reject as false the choice between our safety and our ideals. Our Founding Fathers, faced with perils we can scarcely imagine, drafted a charter to assure the rule of law and the rights of man, a charter expanded by the blood of generations. Those ideals still light the world, and we will not give them up for expedience's sake. And so to all other peoples and governments who are watching today, from the grandest capitals to the small village where my father was born: know that America is a friend of each nation and every...

Author: /time Magazine | Title: Obama's Inaugural Address: The Full Text | 1/20/2009 | See Source »

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