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This would be a stark departure from the Bush Administration's us-vs.-them, neo--Cold War approach to the world, and it would be far better received. It would still be hard to achieve, given that global power is far more diffuse today than it was in the late 1940s, the last time the U.S. helped build a new international architecture for a new world. But it would be an aggressive, farsighted agenda, launched by an America strong enough to play offense again. If Obama can make U.S. foreign policy solvent, he'll do more than cut our losses...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

Federal bureaucrats call it the "border fence." The residents along the Texas-Mexico border say it's a wall echoing the Cold War. And south of the Rio Grande, Governor Humberto Moreira of the Mexican state of Coahuila has dubbed it a "wall of hate." But no matter what the controversial barrier being constructed between Mexico and the U.S. is called, the $1.6 billion, 670-mile-long first phase is close to completion as President Barack Obama enters office...

Author: /time Magazine | Title: Opponents of the Border Fence Look to Obama | 1/21/2009 | See Source »

...Some say formal hats went out of fashion when J.F.K. delivered his Inaugural Address without one. Others blame their demise on the rise of the automobile, which meant that fewer men had to spend time out in the cold walking or waiting for the bus. But in the past two or three years, thanks to popular musicians like Justin Timberlake and Usher, formal hats like the fedora and the pork-pie have become popular again. (See pictures of the fashion of Michelle Obama...

Author: /time Magazine | Title: The Hot Inaugural Accessory: Hats Are Back! | 1/21/2009 | See Source »

...earnings to see how things have changed. But making money has seldom been any former President's chief goal; making, or remaking, history is - and it's only partially within a President's power to achieve. Truman now ranks among our top Presidents, but the peaceful end of the Cold War sure helped. Jimmy Carter has climbed from 34% to 64% approval since leaving office, but more out of respect for his humanitarian work than reconsideration of his presidency. "I don't expect many short-term historians to write nice things about me anyway," President Bush told me four years...

Author: /time Magazine | Title: Is There a Second Act for George W. Bush? | 1/21/2009 | See Source »

...Herbert Hoover's 1929 Inauguration, and all you'll see in the crowd stretching out in front of the U.S. Capitol is a sea of fedora hats - the must-have accessory for men at the time. For yesterday's Inaugural ceremony, photos of the crowd bracing against the cold reveal a lot of knit caps and bare heads. But closer to the epicenter of power, on the podium where President Barack Obama delivered his Inaugural Address, there was a noticeable flurry of fedoras - a nod, perhaps, to a bygone era when wearing a hat was a sign of respect...

Author: /time Magazine | Title: The Hot Inaugural Accessory: Hats Are Back! | 1/21/2009 | See Source »

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